Average OHLC ZigZag

The 'Average OHLC ZigZag' indicator was designed for entry confirmations as well as scalping with a larger trend.

A custom formula to average the last two bars to generate arrows following market trends with bar 1 confirmation.


Key Features

  • An extreme scalper calculating the averages between the last two market periods to generate a buy or sell arrow.
  • No settings are available due to it's simplicity of custom price action pattern and using repainting four OHLC prices. 


Input Parameters

  • ZigZagPos = Averaged OHLC; - ZigZag Position: "Averaged OHLC", "Highs & Lows" or "None".


Integration

  • This indicator produces prices of the zigzag and of the arrows which can be compared with it's adjacent buffer.
  • There must be a value on one buffer and not the other, represented by a value of EMPTY_VALUE.


Improvements

  • Please be sure to leave any ideas, tips and suggestions in the "Reviews" section and they may be included.
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Noise filtering: the key to mastering trends This indicator tracks the market trend with an unmatched reliability, by ignoring sudden fluctuations and market noise. It has been designed to trend-trade intraday charts and small timeframes. Its winning ratio is around 85%. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Amazingly easy to trade Find oversold/overbought situations Enjoy noise-free trading at all times Avoid being whipsawed in intraday charts The indi
Index Statistics and Session Level Analysis
LEE SAMSON
Indicators
Stop Guessing. Start Trading with a Statistical Edge. Stock indices don't trade like forex. They have defined sessions, they gap overnight, and they follow predictable statistical patterns. This indicator gives you the probability data you need to trade indices like the DAX, S&P 500, and Dow Jones with confidence. What Makes This Different Most indicators show you what happened. This one shows you what's likely to happen next.  Every trading day, the indicator analyses your current setup against
Trend Screener
STE S.S.COMPANY
4.79 (95)
Indicators
Unlock the Power of Trends Trading with the Trend Screener Indicator: Your Ultimate Trend Trading Solution powered by Fuzzy Logic and Multi-Currencies System! Elevate your trading game with the Trend Screener, the revolutionary trend indicator designed to transform your Metatrader into a powerful Trend Analyzer. This comprehensive tool leverages fuzzy logic and integrates over 13 premium features and three trading strategies, offering unmatched precision and versatility. LIMITED TIME OFFER : Tre
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