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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": "main" line; "support and resistance" line; "balance" line. 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
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