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Re: Zig-Zag Indicators MT4

josi, Thu Dec 29, 2022 5:48 pm

mrtools wrote: Thu Dec 29, 2022 5:45 am
Happy new year, MrTools!
As far as I can tell the Button does not work, as it cannot be turned off.
I think I already mentioned this before and probably nobody is interested anyway:
simple definition of an uptrend: HHs+HLs
simple definition of a downtrend: LLs+LHs
Given that definition it would make sense to give these pairs similar colouring (i. e. spectrum blue vs spectrum red) to make it easier to immediately spot bias.
[To add an alert to a repainting indicator is - possibly - in itself a tiny bit humorous; no offence, just saying]
Of course, the indicator is much too simplistic to give no false signals but to my mind it is an overall improvement:
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