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ZigZag Medvedev

The indicator is based on the two-buffer scheme and does not require any additional settings. It can be used on any financial instrument without any restrictions. The indicator is a known ZigZag, but it is not redrawn. The indicator allows to easy detect significant levels on the price chart, as well as demonstrates the ability to determine the probable direction of price movement.

Indicator Parameters

    • MinBars – amount of calculated bars, the default is 500. 0 - all bars.

      Constructive suggestions and feedback are highly appreciated.

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      Versión 1.5 2016.03.29
      Improved the algorithm for handling the repeated outside bars.
      Versión 1.4 2015.12.23
      Updated the indicator parameters.
      Versión 1.3 2015.11.26
      Fixed the indicator start algorithm.
      Versión 1.2 2015.11.05
      Improved the indicator launch after a long period of inactivity.
      Versión 1.1 2015.10.21
      In this version, it is possible to reduce traffic by changing the number of calculated bars in MinBars. Its default value is 500.