Please note that this purchase is a 1 Year license. About License renew.
This indicator is best used to highlight price reversal levels in tick size.
Please note that this indicator has no plot, it only draws text on chart.
The tick size version will use the given number of ticks to check the reverse level instead of percentage, that's the main difference between this version and the regular version.
Note that the last segment of the signal can change its direction drastically as a considerable future market move might occur.
Please make sure you understand the mechanism of zigzag before purchase this indicator.
Features and inputs:
How to use:
First, define the reverse level inputs, the number you entered will be the number of ticks used to calculate the price reverse level. For example, if you set Level1 Ticks to 30 and Level1 label to "1st", Level2 Ticks to 60 and Level1 label to "2nd" and Level3 Ticks to 90 and Level3 label to "3rd"
It will draw "1st" on chart once the price reversed more than 30 ticks and less than 60 ticks from previous reverse point, it will draw "2nd" once the price reversed more than 60 ticks and less than 90 ticks and it will draw "3rd" once the price reversed more than 90 ticks.
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