FXCodeBase.COM: Forex Chart Indicators and Development

Standard ZigZag with bar and pips counter.



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This is a great indicator, Thanks for this.
I was using the zigzag before but with the counter its so much better.

Alexander.Gettinger wrote:Standard ZigZag with bar and pips counter.

Thanks for this excellent tool Alexander. This saves a lot of time and clicks.
Could you please place the bar count and pip values on separate lines?

Would you be willing to add to this tool? Please see attachment for a picture presentation, it might make it easier to understand.

Could you add a fib retracement calculator to the zigzag? If a zigzag swing point retraces less than 1.000 then display the retracement value.

In the chart attached, I have shown 3 examples (blue arrows, we really need arrow tool) of displaying the fib retracement value and 2 (blue circles) where there would be no value displayed.

Thank you for your time and consideration.

Now that I have typed this it occurred to me that those swings which go beyond 1.000 retracement you could display the retracement value beyond 1.000 for example 1.272 or 1.618.

Thanks again!

Your request is added to the development list.

Hello,
how is possible to use correctly this indicator?
what parameters is better to put in setting:
12-5-3 or different

thanks

Personally I do not use indicators in my trading.
So I can not help you about the settings.
Rule of thumb, use setting that gives the best results for the pair, time frame, your strategy.
Two use of Zig Zag.
As helper tool, to chart Ellliot Waves or Harmonic Patterns.

great indicator. very useful as filter (i use it in combination with supertrend)..............
is it possible to build a strategy / alert when the color of the indicator changes ?

Possible, but impractical.
Zig Zag have great Lag.
Try to define strategy rules, and test it on live chart.

nazaar wrote:Could you add a fib retracement calculator to the zigzag? If a zigzag swing point retraces less than 1.000 then display the retracement value.

See this version of indicator.



Download:

Alexander.Gettinger wrote:

nazaar wrote:Could you add a fib retracement calculator to the zigzag? If a zigzag swing point retraces less than 1.000 then display the retracement value.

See this version of indicator.

ZZ_Counter2.PNG

Download:

ZigZag_Counter2.lua

Fantastic indicator, would there be a way to get this where it displays the fib extensions past 1.00 as well?