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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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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
IX Power MT4
Daniel Stein
5 (5)
Indicators
IX Power finally brings the unbeatable precision of FX Power to all your trading symbols. It accurately determines the intensity of short, medium and long-term trends in your favourite indices, stocks, commodities, ETFs, and even cryptocurrencies. You can analyse everything your terminal has to offer. Try it out and experience how your timing improves significantly when trading. Read about our latest strategic development -  Easy scalping with IX Power Visit our all-new   Stein Investments
Advanced Currency IMPULSE with ALERT
Bernhard Schweigert
4.9 (481)
Indicators
CURRENTLY 31% OFF !! Best Solution for any Newbie or Expert Trader! This indicator is a unique, high quality and affordable trading tool because we have incorporated a number of proprietary features and a secret formula. With only ONE chart it gives Alerts for all 28 currency pairs. Imagine how your trading will improve because you are able to pinpoint the exact trigger point of a new trend or scalping opportunity! Built on new underlying algorithms it makes it even easier to identify and confir
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 Dashboard
LEE SAMSON
5 (8)
Indicators
This dashboard is an alert tool for use with the market structure reversal indicator. It's primary purpose is to alert you to reversal opportunities on specific time frames and also to the re-tests of the alerts (confirmation) as the indicator does. The dashboard is designed to sit on a chart on it's own and work in the background to send you alerts on your chosen pairs and timeframes. It was developed after many people requested a dash to monitor multiple pairs and time frames at once rather th
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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Heiken Ashi MTF ZZ
Andrei Belous
Indicators
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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