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ZigZag on Trend

The indicator "ZigZag on Trend" is an assistant in determining the direction of price movement, as well as a calculator of bars and points. It consists of a trend indicator, which follows the price direction by the trend line presented in the form of a zigzag and a counter calculating the number of bars traversed in the direction of the trend and the number of points on the vertical scale. (calculations are carried out by the opening of the bar) The indicator does not redraw. For convenience, executed in the form of painted bars or in the form of lines. Can be used on all TFs, but best from M15 and up.

     Indicator Parameters

  • Period - Trend Period
  • Diapason - the range calculated in points
  • Show Bars and Pips - Show bars and points counter
  • Bars or Line - Show painted bars or lines
  • Arrows_signal - Show Arrows
  • Arrows_Distance - Arrow distance from graphics
  • CalculatorDistance - Distance from the schedule
  • CalculatorSize - Counter Number Size
  • CalculatorColor - Color Counter
  • Alerts_sound - Enable sound when arrows appear
  • Soundfile_signal - Select a sound file
  • HBars - the number of bars to calculate
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