SN ZZag MT5
A new look at the principle of determining the important extremes. It is based on a proprietary method for determining the trend direction. The display is implemented in the form of the familiar ZigZag indicator.
The last (current) extremum can be redrawn, because the end point of a movement can not be determined in advance. The probability extremes can be used as important price levels, where a correction is more likely to start.
The indicator has the following settings:
- step - scale, ranging from 1 to 100. Default is 20.
- max_bars - the maximum number of bars to search for peaks
The video demonstrates the indicator operation in comparison with the classic ZigZag indicator.