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The indicator “zigzag on trend” is an assistant in determining the direction of price movement, as well as a calculator of bars and points. It consists of a trend indicator, which follows the price direction by the trend line presented in the form of a zigzag and a counter calculating the number of bars traversed in the direction of the trend and the number of points on the vertical scale. (calculations are carried out by the opening of the bar) The indicator does not redraw. For convenience, executed in the form of painted bars or in the form of lines. Can be used on all TFs, but best from M15 and up.
“Period” determines the number of bars to search for price direction. Calculates the length of directions to obtain a smoothed trend in one direction.
“Diapason” regulates the frequency of trend directions, mainly to correct the first parameter for different trading instruments (up to about 10 for EURUSD, up to about 100 for GOLD)
Point counters will help you make adjustments for any timeframe and trading instrument.
Indicator Parameters
- Period – Period of the trend
- Diapason – Range calculated in points
- Show Bars and Pips – Show the counter of bars and points
- Bars or Line – Show colored bars or lines
- Arrows_signal – Show arrows
- Arrows_Distance – Distance of arrows from the chart
- CalculatorDistance – Distance of the counter from the chart
- CalculatorSize – Size of counter numbers
- CalculatorColor – Counter color
- Play sound – Sound alert
- Display pop-up message – Pop-up messages on the screen
- Send push notification – Push notifications
- Send email – Email notifications
- Soundfile_signal – Select a sound file
- Number Bars – Number of indicator bars on the chart
