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Zigzag Zotik

5

The Zigzag Zotik indicator displays the price movement in the form of a zigzag based on the AO_Zotik indicator values.

The Zigzag Zotik indicator displays the trend movements and their corrections.

The AO_Zotik indicator consists of three lines moving relative to "0":

  1. "main" line;
  2. "support and resistance" line;
  3. "balance" line.
  1. The "main" line crossing the "support and resistance" line indicates the end of one wave and the beginning of the other. The Zigzag Zotik indicator displays this on the chart by changing the direction of zigzag.
  2. If the "support and resistance" line is above "0", then there is an ascending movement. The Zigzag Zotik indicator displays this on the chart using a trend line of one color.
  3. If the "support and resistance" line is below "0", then there is a descending movement. The Zigzag Zotik indicator displays this on the chart using a trend line of a different color.
  4. If the "support and resistance" line is above "0", and the "main" line crosses the "support and resistance" and the "balance" line downwards, then there is a correction to this upward movement. The Zigzag Zotik indicator displays this on the chart using a trend line of a different color.
  5. If the "support and resistance" line is below "0", and the "main" line crosses the "support and resistance" and the "balance" line upwards, then there is a correction to this downward movement. The Zigzag Zotik indicator displays this on the chart using a trend line of a different color.


Indicator Parameters

  • NumberOfBars - amount of calculated bars.
  • width - width of the zigzag lines.
  • i_colUp - color of the ascending movement.
  • i_colDown - color of the descending movement.
  • i_colUpCor - color of the corrective ascending movement.
  • i_colDownCor - color of the corrective descending movement.
Reviews 1
varon
491
varon 2022.11.13 21:16 
 

Мені дуже подобається, 5 зірок! Але... Можна було б його зробити мтф і щоб його можливо було застосовувати одразу 2 індикатори на одному графіку, щоб вони показували той таймфрейм що я використовую та старший таймфрейми одночасно на одному графіку.

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Indicator : RealValueIndicator Description : RealValueIndicator is a powerful tool designed specifically for trading on the EURUSD pair. This indicator analyzes all EUR and USD pairs, calculates their real currency strength values, and displays them as a single realistic value to give you a head start on price. This indicator will tell you moves before they happen if you use it right. RealValueIndicator allows you to get a quick and accurate overview of the EURUSD currency pair tops and bottoms,
TakePropips Donchian Trend Pro
Eric John Pajarillaga Aldana
4.82 (17)
Indicators
TakePropips Donchian Trend Pro  (MT4) is a powerful and effective tool that automatically detects the direction of the trend using the Donchian Channel and provides you with an entry and exit trading signals! This multi-function indicator includes a trend scanner, trading signals, statistical panel, screener, trading sessions, and alerts history dashboard. It is designed to provide you with trading signals and save you hours analyzing the charts! You can download the user manual and installation
SSM ZakopiecFX Follow The Trend
ROBERT URBANSKI
5 (19)
Indicators
This indicator I use with RENKO and RangeBar candle Discover the Secret to Successful Forex Trading with Our Custom MT4 Indicator! Have you ever wondered how to achieve success in the Forex market, consistently earning profits while minimizing risk? Here is the answer you've been searching for! Allow us to introduce our proprietary MT4 indicator that will revolutionize your approach to trading. Unique Versatility Our indicator is specially designed for users who prefer Renko and Rangebar candle
TrendDecoder Premium
Christophe Pa Trouillas
5 (6)
Indicators
Identify ranges  | Get earliest signals of Trends  | Get clear exits before reversal  | Spot the Fibo levels the price will test Non-repainting, non-delayed indicator - ideal for manual and automated trading - for all assets and all time units $69   for launch - then back to >>   $149 After purchase,   please contact me on this channel   for recommended and personalised settings MT5   version:  Click here Get our full method with  BladeSCALPER  and   PowerZONES What is it about? TrendDECOD
Trend Screener
STE S.S.COMPANY
4.83 (88)
Indicators
Unlock the Power of  Trends trading with Trend Screener Indicator: Your Ultimate Trend Trading Solution powered by fuzzy logic and Multi-currencies System ! Elevate your trend trading with Trend Screener, the revolutionary trend indicator powered by   fuzzy logic.  It is a powerful trend-following indicator that combines over  13 premium tools and features and 3 trading strategies  , making it a versatile choice to   make your Metatrader a Trend Analyzer. LIMITED TIME OFFER : Trend Screener Indi
Scalper Vault
Oleg Rodin
5 (29)
Indicators
Scalper Vault is a professional scalping system which provides you with everything you need for successful scalping. This indicator is a complete trading system which can be used by forex and binary options traders. The recommended time frame is M5. The system provides you with accurate arrow signals in the direction of the trend. It also provides you with top and bottom signals and Gann market levels. The indicator provides all types of alerts including PUSH notifications. PLEASE CONTACT ME AFT
Advanced Currency IMPULSE with ALERT
Bernhard Schweigert
4.91 (495)
Indicators
CURRENTLY 31% OFF !! Best Solution for any Newbie or Expert Trader! This indicator is a unique, high quality and affordable trading tool because we have incorporated a number of proprietary features and a secret formula. With only ONE chart it gives Alerts for all 28 currency pairs. Imagine how your trading will improve because you are able to pinpoint the exact trigger point of a new trend or scalping opportunity! Built on new underlying algorithms it makes it even easier to identify and confir
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Heiken Ashi MTF ZZ
Andrei Belous
Indicators
The indicator displays the price movement as three zigzags of different time periods (current, higher and even higher periods) on a single chart. Zigzag is plotted based on the Heiken Ashi indicator and the High/Low price values. The indicator also displays: Support and resistance levels based on the latest peaks of zigzags; Unfinished movement of the current period's zigzag, higher-period zigzag and even higher-period zigzag is displayed in another color. Parameters TimeFrame : periods tot ca
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varon
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varon 2022.11.13 21:16 
 

Мені дуже подобається, 5 зірок! Але... Можна було б його зробити мтф і щоб його можливо було застосовувати одразу 2 індикатори на одному графіку, щоб вони показували той таймфрейм що я використовую та старший таймфрейми одночасно на одному графіку.

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