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Zigzag indicator

The indicator works with two time periods, has a visual display of waves directly on the working chart and displays horizontal wave levels.

The ZigZag indicator connects significant tops and bottoms on the price chart with visible sloping lines that make it easier to perceive the wave movement and divides the waves into ranges by levels. Extremums are calculated by High \ Low prices or by Closing prices.

Wave levels are projected onto the next wave, which allows you to get support / resistance levels. Levels are calculated using the Fibonacci algorithm or use a linear relationship. The levels of the time period that has become, usually have a higher priority. Each level has a tooltip containing the necessary information about the level.

A feature of the ZigZag indicators is that a change in the price of an asset can cause a change in the previous value, which should be taken into account when making trading decisions only on the basis of such levels. However, such levels make it possible to make a judgment about the possible direction of movement of quotes and price values, where it is possible to change direction or slow down the movement.

The indicator algorithm is adapted to work at the current moment and is not intended for the analysis of historical data.

 

Input parameters

  • High period for plotting - high period for plotting levels
  • Waves plotting mode - level plotting mode ( Close or HighLow )
  • Levels plotting mode - level plotting mode ( Fibo or Line )
  • Backstep - number of bars to calculate
  • Style of Current period lines - style of current period levels
  • Style of High period lines - style of high period levels
  • Color of Up-Direction wave - color of levels with up direction
  • Color of Down-Direction wave - color of levels with downward direction

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Was: $249  Now: $99   Market Profile defines a number of day types that can help the trader to determine market behaviour. A key feature is the Value Area, representing the range of price action where 70% of trading took place. Understanding the Value Area can give traders valuable insight into market direction and establish the higher odds trade. It is an excellent addition to any system you may be using. Inspired by Jim Dalton’s book “Mind Over Markets”, this indicator is designed to suit the
Gold Trend 5
Sergei Linskii
5 (1)
Indicators
Gold Trend - this is a good stock technical indicator. The indicator algorithm analyzes the price movement of an asset and reflects volatility and potential entry zones. The best indicator signals: For SELL = red histogram + red SHORT pointer + yellow signal arrow in the same direction. For BUY = blue histogram + blue LONG pointer + aqua signal arrow in the same direction. Benefits of the indicator: The indicator produces signals with high accuracy. A confirmed arrow signal can only be redra
RelicusRoad Pro MT5
Relicus LLC
5 (17)
Indicators
How many times have you bought a trading indicator with great back-tests, live account performance proof with fantastic numbers and stats all over the place but after using it, you end up blowing your account? You shouldn't trust a signal by itself, you need to know why it appeared in the first place, and that's what RelicusRoad Pro does best! NOW $147 (increasing to $499 after a few updates) - UNLIMITED ACCOUNTS (PCs or MACs) **  User Manual + Strategies + Training Videos + Private Group with
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Volume indicator
Aleksandr Puchkin
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The indicator works with two time periods, has a visual display of events directly on the working chart and is able to display horizontal levels that serve as support / resistance levels. Different values of formed volumes are displayed as a colored mark on the corresponding bar, from which levels are built, directed to the right side of the chart. On the working chart, the levels received from the older time period are also displayed. The display of levels and their properties are set in the in
Deal Calculator
Aleksandr Puchkin
Utilities
The trading calculator allows you to calculate the parameters of a deal before opening it and get the values of the margin, deal volume and risk, which allows you to fairly accurately evaluate the deal both in terms of possible loss and profit. It also displays the calculation method for the current instrument, profit currency, conversion rate, base currency, Equity size, position volume, risk in percent, Stop Loss and Take Profit sizes (in points, money and percentage), Stop Loss size ratio to
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Version 1.2 2023.05.02
Changed the way to switch modes.
Version 1.1 2023.03.20
Fixed description of settings item