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Re: Fibonacci, Trendlines, Support Resistance & Pivot Point Indicators MT4

Jedidiah, Sun Apr 02, 2023 4:16 pm

A large arrow indicates a trend change, and a white arrow indicates an entry.
Judgment of the arrow will be based on the closing price. I think that some people think differently.
I think there is a gray horizontal line, and if the closing price crosses this line, it will be a trend reversal.


is a parameter. The top three are the same as ZigZag on MT4.
The alert function made it so that an alert will appear when an arrow appears. Haven't tried it yet though. I don't know if it will work, so please be careful.
The price display is the display of ZigZag's high and low prices.
For those who do not usually use ZigZag, it may be ant to erase only the color of the ZigZag line and display only the high and low prices.

It may not be exactly the same as the Dow theory, but please try it once.
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