Standard ZigZag with added alert, push notifications and email messages on breakout of the last formed HIGH - LOW! It does not consider the current extremum of the ZigZag, that is being redrawn!
Indicator Settings
- Depth - determines the size of the interval or the number of candles after the previous extremum of the indicator, on which it will not look for a new extremum
- Deviation - the number of points between the extremums (Lows or Highs) of two adjacent candlesticks to form a local bottom of peak
- Backstep - the minimum amount of candles between local extremums (Highs or Lows).
- Send Push-notification - send Push notifications
- Send e-mail - send email messages
There are numerous variations of using this modification, but the main purpose is of course to free give the trader a free hand, it allows to analyze much more instruments, so the trader will not have to sit in front of the monitor for hours!
