Based on commonly used ZigZag indicators, in-depth mining was conducted on the indicators, with two main improvements: 1、 Annotate each ZZ price point; Annotate the distance points between adjacent ZZ points for a more convenient and intuitive view of price fluctuations. 2、 Draw a Fibonacci line for the current price direction of ZZ. The Fibonacci line includes two types: the Fibonacci retracement level and the Fibonacci expansion level. When the last four ZZ points comply with Dow's 123 rule
The MACD Area indicator is developed based on the system's built-in MACD indicator to enhance its functionality. The main enhancement is: average algorithm+four-color column+area value. By default, the Exponential Average Algorithm (EMA) is used, and any of the four algorithms can be selected. Algorithm 1: Fundamentals of Simple (SMA arithmetic moving average) SMA， The abbreviation for arithmetic moving average is calculated by adding the closing prices of the last N days, dividing by N, and