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Zigzag Zotik

5

The Zigzag Zotik indicator displays the price movement in the form of a zigzag based on the AO_Zotik indicator values.

The Zigzag Zotik indicator displays the trend movements and their corrections.

The AO_Zotik indicator consists of three lines moving relative to "0":

  1. "main" line;
  2. "support and resistance" line;
  3. "balance" line.
  1. The "main" line crossing the "support and resistance" line indicates the end of one wave and the beginning of the other. The Zigzag Zotik indicator displays this on the chart by changing the direction of zigzag.
  2. If the "support and resistance" line is above "0", then there is an ascending movement. The Zigzag Zotik indicator displays this on the chart using a trend line of one color.
  3. If the "support and resistance" line is below "0", then there is a descending movement. The Zigzag Zotik indicator displays this on the chart using a trend line of a different color.
  4. If the "support and resistance" line is above "0", and the "main" line crosses the "support and resistance" and the "balance" line downwards, then there is a correction to this upward movement. The Zigzag Zotik indicator displays this on the chart using a trend line of a different color.
  5. If the "support and resistance" line is below "0", and the "main" line crosses the "support and resistance" and the "balance" line upwards, then there is a correction to this downward movement. The Zigzag Zotik indicator displays this on the chart using a trend line of a different color.


Indicator Parameters

  • NumberOfBars - amount of calculated bars.
  • width - width of the zigzag lines.
  • i_colUp - color of the ascending movement.
  • i_colDown - color of the descending movement.
  • i_colUpCor - color of the corrective ascending movement.
  • i_colDownCor - color of the corrective descending movement.
Reviews 1
varon
491
varon 2022.11.13 21:16 
 

Мені дуже подобається, 5 зірок! Але... Можна було б його зробити мтф і щоб його можливо було застосовувати одразу 2 індикатори на одному графіку, щоб вони показували той таймфрейм що я використовую та старший таймфрейми одночасно на одному графіку.

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Currency Strength Wizard is a very powerful indicator that provides you with all-in-one solution for successful trading. The indicator calculates the power of this or that forex pair using the data of all currencies on multiple time frames. This data is represented in a form of easy to use currency index and currency power lines which you can use to see the power of this or that currency. All you need is attach the indicator to the chart you want to trade and the indicator will show you real str
Entry Points Pro
Yury Orlov
4.62 (175)
Indicators
Top indicator for MT4 providing accurate signals to enter a trade without repainting! Watch  the video  (6:22) with an example of processing only one signal that paid off the indicator! It can be applied to any financial assets:  forex, cryptocurrencies, metals, stocks, indices.  MT5 version is here   It will provide pretty accurate trading signals and tell you when it's best to open a trade and close it. Most traders improve their trading results during the first trading week with the help of t
Trend Cutter
Oleg Rodin
5 (2)
Indicators
Trend Cutter   is a trend indicator which can be used with any time frame including the lower time frames like M1 and M5. The indicator is ideal for traders who prefer intraday trading and will be helpful to those who prefer long-term trading as well. You can use this indicator as a basis for your trading system or as a standalone trading solution. The indicator provides non-repaint signals on the close of the current candle. When the signal candle is closed, the signal will stay fixed on chart.
Market Reversal Alerts
LEE SAMSON
4.19 (113)
Indicators
Profit from market structure changes as price reverses and pulls back. The market structure reversal alert indicator identifies when a trend or price move is approaching exhaustion and ready to reverse. It alerts you to changes in market structure which typically occur when a reversal or major pullback are about to happen. The indicator identifies breakouts and price momentum initially, every time a new high or low is formed near a possible exhaustion point. The indicator draws in a rectangle on
Trend Pulse
Mohamed Hassan
5 (4)
Indicators
Please contact me after purchase to immediately get your PDF strategy + documentation for Trend Pulse !  Introducing Trend Pulse , a unique and robust indicator capable of detecting bullish, bearish, and even ranging trends! Trend Pulse uses a special algorithm to filter out market noise with real precision. If the current symbol is moving sideways, Trend Pulse will send you a ranging signal, letting you know that it's not a good time to enter a trade. This excellent system makes Trend Pulse
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Oleg Rodin
5 (4)
Indicators
PowerBall Signals is a BUY/SELL signals indicator based on the idea of using support/resistance zones. The indicator detects special reversal patterns based on support/resistance zones and provide these signals on your chart. The main idea of the indicator is using the MTF (Multi Time Frame) analysis and provide signals based on the levels from your current and next higher time frame. This method allows to predict possible price reversals on any market be it currencies, metals, indices or even c
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Heiken Ashi MTF ZZ
Andrei Belous
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The indicator displays the price movement as three zigzags of different time periods (current, higher and even higher periods) on a single chart. Zigzag is plotted based on the Heiken Ashi indicator and the High/Low price values. The indicator also displays: Support and resistance levels based on the latest peaks of zigzags; Unfinished movement of the current period's zigzag, higher-period zigzag and even higher-period zigzag is displayed in another color. Parameters TimeFrame : periods tot ca
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varon
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varon 2022.11.13 21:16 
 

Мені дуже подобається, 5 зірок! Але... Можна було б його зробити мтф і щоб його можливо було застосовувати одразу 2 індикатори на одному графіку, щоб вони показували той таймфрейм що я використовую та старший таймфрейми одночасно на одному графіку.

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