VIP price: $59 1 year license.
Note that the last segment of the plot can change its direction drastically, as a considerable future market move might occur.
Please make sure you understand the mechanism of zigzag before purchasing this indicator.
This indicator is a perfect tool to highlight important chart patterns and confirm possible trend reversals.
It is easy to understand and apply. It will give signals when price change exceeds a pre-defined percentage.
This indicator looks like the 3 Level ZZ Semafor in MT4, but more powerful. Not only, you can set as many levels as you need,
you can also define the level symbol to any chars you want.
Features and Parameters:
How to use:
The calculation is based on the ZigZag algorithm. A zigZag plot connects swing points if the difference between their prices exceeds a specified value which is equal to the pre-defined percentage of price change plus Average True Range (ATR) multiplied by a factor. Note that the last segment of the plot can change its direction drastically, as a considerable future market move might occur. (source: Thinkorswim)
If you want to add any feature to this indicator, please send us a Customization request.
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