The indicator is written at the request: viewtopic.php?f=27&t=10573
Formula:
ZigZag_osc=100*(Price-Base)/Base, where
Base - the starting price of the current branches zigzag indicator.
Download:
For this oscillator must be installed ZZ_Semafor.lua from viewtopic.php?f=31&t=3703&p=8964.
MT4/MQ4 version
viewtopic.php?f=38&t=64624
The indicator was revised and updated