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Re: Zig-Zag Indicators MT4

sal, Thu Dec 29, 2022 6:03 pm

josi wrote: Thu Dec 29, 2022 5:47 pm 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.
Of course, the indicator is much too simplistic to give no false signals but to my mind it is an overall improvement:
Image
supporting you ..
my suggestion of fib level as optional setting.. i am searching with this same configuration.. in single indicator. :)
the fib level should shift auto when HH and LL is in place. after confirmed next LH/HL
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