Price Based ZigZag (PBZZ)

[mennzz]

Hi,

Is it possible to create an indicator based on the following idea?

Thank you!
----

When a bullish candle closes above the high of a bearish candle, a new PBZZ Line should be drawn at the low of that bearish candle. When a bearish candle closes below the low of a bullish candle, a new line should be drawn at the high of that bullish candle. All of the lines should be connected like a normal ZigZag indicator.

There should also be an option to add arrows at the tips of the TBZZ lines, like the fractal indicator.

----

Thanks!

[Apprentice]

Requested can be found here.
viewtopic.php?f=17&t=62415

[mennzz]

Thanks a lot!