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Multi Timeframe ZigZag Indicator

FREE

Published: 30 October 2021

Current version: 10.0

Multi Timeframe ZigZag Indicator

Item: Multi Timeframe ZigZag Indicator
Rating: 5
Author: julian karpet

Indicators
Salman A A A T Bakhash
Version: 10.0
Updated: 30 March 2022

Description:

This indicator draw ZigZag Line in multiple time frame also search for Harmonic patterns before completion of the pattern.

Features:

Five instances of ZigZag indicators can be configured to any desired timeframe and inputs.
Draw Harmonic pattern before pattern completion.
Display Fibonacci retracement ratios.
Configurable Fibonacci retracement ratios.
Draw AB=CD based on Fibonacci retracement you define.
You can define margin of error allowed in Harmonic or Fibonacci calculations.
Define your scan depth level (more level = scan for patterns in larger scale).

Harmonic pattern supported:

AB=CD
Bat
Alternate Bat
Gartley
Deep Gartley
Crab
Deep Crab
Butterfly

Inputs:

ZigZag TimeFrame: define TimeFrame you want to use.
ZigZag Depth: The minimum number of price bars required where there is no secondary high or low.
ZigZag Deviation: The number of pips that pips can deviate above the previously plotted high or low for the Zig-zag indicator to re-change its highs and lows.
ZigZag Backstep: The minimum amount of bars between which the highs and lows can be plotted.
Margin of error (Tolerance) in Harmonic or Fibonacci calculations: chose accuracy level for B point retracement and C point retracement. by default 3% tolerance is used.
Margin of error (Tolerance) in PRZ calculations: tolerance for the 3 values of D point (XA retracement, AB=DC and BC retracement).
Define Fibonacci retracement levels: define ratio numbers to be used for other options.
ZigZag Bar history: number of bars used to calculate ZigZag.
ZigZag Points: number of Highs & Lows used for scan engine.
Harmonic validation period: Validation period from C point.
Use Standard Ratios only: scan for only retracement numbers defined in official recourses for B & C points.
Min. Harmonic scaner depth level: keep it 0 or try bigger number if you want to skip small patterns.
Max. Harmonic scaner depth level: should be equal or bigger than Min. level. the bigger the number the bigger pattern scan engine try to find and the more PC recourse will be consumed.
Show ZigZag on the chart: True to show zigzag lines.
Show Fibonacci retracement ratio on the chart: True to show retracement/expansion of each zigzag line.
Show Fibonacci Defined levels on the chart: True to show ratios defined at the end of the chart.
ZigZag Color: choose your prefer color for ZigZag and Fibonacci levels.
Show Harmonic Patterns on the chart: True to show Harmonic patters.
Show AB=CD on the chart Based on Defined Fibonacci levels: True to show AB=CD Harmonic patters.
Show Harmonic Zones only: True if you want to show only the PRZ aria.
Harmonic Patterns Buy Color: Choose your prefer bullish color.
Harmonic Patterns Sell Color: Choose your prefer bearish color.

more...

206

julian karpet 2022.03.01 15:26 #

thanks

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Filter:

206

julian karpet 2022.03.01 15:26 #

thanks

4239

Reply from developer Salman A A A T Bakhash 2022.03.06 22:02 #

you are welcome

Version 10.0 2022.03.30

-Rebuild indicator from scratch.
-New Inputs.
-More flexibility.

Version 2.0 2021.11.21

- Upgrade scan engine: now you can specify Min. & Max. depth level of the scan for small or/and large patterns and other options.
- Option of sowing PRZ Zone only.
- Update pattern calculation based on official resources.