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Specification
Hello
This is sreanivaas form india.
I need customer indicator based on zigzag breakouts.
Used indicators:
Weekly daily support and resistance indicator
ZZ 89 or 55 Levels semafor indicator
Box breakout or rectangle at the top or bottom When the ZZ 89 level semafor indicate signal
Buying rule:---
1.After long activation falling or raising market ,ZZ 89 level period indicator indicate reversal.
2.when the zz 89(swing) level period indicate reversal candle it should be Mother bar.(it may be repaint).But price box breakout is heppends we consider the buy call.
3 .We construct the box based mother bar previous bar and next bars high low values
4 .when the market price break out this value box above we going to long trade
5.stop loss is below support levels.
6.Revesal patterns also should be identify (eg:bullish engulfing ,bearish engulfing)
7.when happens engulfing there is the no need to three bar box breakout. And will give the the buy yarrow.
8.Other conditions we going to depend on three bars box breakout, market price trade above the box value then buy yarrow will appear.
Sell conditions:---------
Same on above
Conditions
Three bars breakout or bullish bearish engulfing identify after given zz 89 high low level indication
Support and resistance rule must be follow.
If break the market price Key support and Key resistance this indicator buy call or sell call accordingly
Supports and resistances .
thaking You
Sreanivaas
+919603888374