pin12 wrote: Thu Jan 15, 2026 8:47 am ZigZag With Channels Indicator

P.S.
In this indicator, channels should be removed; they are not needed, because only target levels matter. To identify them, channels are built. You should also remove all goals except for only one relevant one, the one towards which the price is currently moving. And additional levels of goals should also be added.
Maybe someone can do this, then a very powerful tool for market forecasting will appear

pin12 wrote: Thu Jan 15, 2026 8:47 am ZigZag With Channels Indicator

nice

Intrest 1 wrote: Thu Jan 15, 2026 10:58 am P.S.
In this indicator, channels should be removed; they are not needed, because only target levels matter. To identify them, channels are built. You should also remove all goals except for only one relevant one, the one towards which the price is currently moving. And additional levels of goals should also be added.
Maybe someone can do this, then a very powerful tool for market forecasting will appear

The ZigZagWithChannels indicator can be repainted, but by combining it with a "semafor", a TMA channel, etc., much more reliable signals can be obtained.

pin12 wrote: Fri Jan 16, 2026 12:03 am The ZigZagWithChannels indicator can be repainted, but by combining it with a "semafor", a TMA channel, etc., much more reliable signals can be obtained.

This indicator does not depend on the shortcomings of the zigzag, because the current target level is based on already formed zigzag signals, which are already motionless in history

pin12 wrote: Fri Jan 16, 2026 12:03 am The ZigZagWithChannels indicator can be repainted, but by combining it with a "semafor", a TMA channel, etc., much more reliable signals can be obtained.

We can see that the price has fulfilled the target level, which was built along three zigzag points that had already been formed and remained motionless

P.S.
There is no need to pay attention to the indicator channels, especially since the current channel changes its location during the current movement. Channels are needed to determine the take profit target. It should be noted that goals are fulfilled only on trend impulses. They are not performed in flat. The indicator is designed to determine the end point of a large trend

The method of determining targets by channels was invented by the Russian trader Vadimcha in the early 2000s, I just asked the coder -nen to make it in the form of an indicator. If any of the coders are interested in improving the indicator, then I will give all the explanations on how to do it