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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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!SPECIAL SALE! The Reversal Master is an indicator for determining the current direction of price movement and reversal points. The indicator will be useful for those who want to see the current market situation better. The indicator can be used as an add-on for ready-made trading systems, or as an independent tool, or to develop your own trading systems. The Reversal Master indicator, to determine the reversal points,  analyzes a lot of conditions since the combined analysis gives a more accura
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This indicator is a super combination of our 2 products  Advanced Currency IMPULSE with ALERT  and  Currency Strength Exotics . It works for all time frames and shows graphically impulse of strength or weakness for the 8 main currencies plus one Symbol! This Indicator is specialized to show currency strength acceleration for any symbols like Gold, Exotic Pairs, Commodities, Indexes or Futures. Is first of its kind, any symbol can be added to the 9th line to show  true currency strength accelerat
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Version 3.0 2023.09.24
Theme Colorization Changes
Input Parameters Changes
Version 2.0 2023.01.19
Upgrades for visibility as well as performance