ZigZag Leg Break

Get alerted (and see on the chart) when a zigzag leg break occurs!  

Indicator works in real time, alerting and cleanly displaying when price closes beyond the last high/low zigzag.  This is important to confirm a trend is evolving in a healthy manner:  

To confirm a trend is evolving in a healthy manner, not only do we need to see price moving higher/lower than its previous high/low, we also expect to see at least two closes beyond that high/low as further evidence that the market is accepting and building value.

Failure to see at least two closes may be a precursor to what’s often referred to as false breakout, and while the move still holds its merit to qualify as a new high/low in the cycle, the quality of the leg is poor in nature. 

For more info on validated zigzag legs and market structures, review the article:  How To Read Market Structures In Forex 

 

Indicator Features:

Works in real time, checking conditions at every bar close.

Alerts are triggered when 2 bars close beyond the last high/low zigzag.

Granular control of qualifying the 2-bar-close: 

  • Enter the threshold (in pips) to qualify closing beyond.
  • Select the method to qualify a zigzag break: 
    • ZigZag broken with any 2 closed bars
    • ZigZag broken with 2 closed bars (1 Bear, 1 Bull)

Customize the zigzag line color and style.

Customize the lines and arrows of when a zigzag is broken.

Use on any timeframe (M1 – Month).

Bonus:  Can easily be consumed in an Expert Advisor to use in a trade robot.


Rider Capital Group


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Gold Scalper Super is an easy-to-use trading system. The indicator can be used as a standalone scalping system on the M1 time frame, as well as part of your existing trading system. Bonus: when purchasing an indicator, Trend Arrow Super is provided free of charge, write to us after purchase. The indicator 100% does not repaint!!! If a signal appears, it does not disappear! Unlike indicators with redrawing, which lead to the loss of a deposit, because they can show a signal and then remove it.
Cyclic Impulse
Vitalyi Belyh
Indicators
Technical indicator that structures charts and identifies cyclical price movements. Can work on any charts. Several types of alerts. There are additional arrows on the chart itself. Without redrawing on history, works on closing a candle. Recommended TF from M5 and higher. Easy to use and configure parameters. When using 2 indicators with different parameters, you can use without other indicators. Has 2 input parameters Cyclicality and Signal duration These 2 parameters work with the processin
KuKl
IGOR KIRIANEN
Indicators
The indicator is built on a non-standard Zig Zag, it draws accumulations after which if the price leaves this zone and a test of this zone occurs, then a sound signal is given and an arrow appears - after the test candle closes.The indicator does not redraw its signals, it is very easy to use, there are only three settings 1- this is the zig zag parameter 2- this is the minimum price exit from the zone 3- this is the maximum price exit from the zone. The lower the parameter for Zig Zag, the more
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