The indicator displays the price movement as three zigzags of different time periods (current, higher and even higher periods) on a single chart.
Zigzag is plotted based on the Heiken Ashi indicator and the High/Low price values.
The indicator also displays:
- Support and resistance levels based on the latest peaks of zigzags;
- Unfinished movement of the current period's zigzag, higher-period zigzag and even higher-period zigzag is displayed in another color.
Parameters
- TimeFrame : periods tot calculate the zigzags;
- MaxBar : amount of processed bars (0 - all);
- zzCalculate : 0 - zigzag is not calculated, 1 - zigzag is calculated;
- CalculateDigit : zigzags to be processed;
- i_show_Res_Sup : true - display the current zigzag's support and resistance levels, false - do not display;
- i_show_Res_Sup_1 : true - display the higher zigzag's support and resistance levels, false - do not display;
- i_show_Res_Sup_2 : true - display the even higher zigzag's support and resistance levels, false - do not display;
- i_showZZ_1 : true - display the higher zigzag, false - do not display;
- i_showZZ_2 : true - display the even higher zigzag, false - do not display;
- i_show_ActiveWave: true - display the unfinished movement of the current zigzag, false - do not display;
- i_show_ActiveWave1: true - display the unfinished movement of the higher zigzag, false - do not display;
- i_show_ActiveWave2: true - display the unfinished movement of the even higher zigzag, false - do not display;
- Resistance : resistance color of the current zigzag;
- Resistance1 : resistance color of the higher zigzag;
- Resistance2 : resistance color of the even higher zigzag;
- Support: support color of the current zigzag;
- Support1 : support color of the higher zigzag;
- Support2 : support color of the even higher zigzag;
- ActiveWave : color of the unfinished move of the current period's zigzag;
- ActiveWave1 : color of the unfinished move of the higher zigzag;
- ActiveWave2 : color of the unfinished move of the even higher zigzag;
- STYLE_Resistance : resistance line style of the current zigzag;
- STYLE_Support : support line style of the current zigzag;
- _Resistance : resistance line width of the current zigzag;
- _Resistance1 : resistance line width of the higher zigzag;
- _Resistance2 : resistance line width of the even higher zigzag;
- _Support: support line width of the current zigzag;
- _Support1: support line width of the higher zigzag;
- _Support2 : support line width of the even higher zigzag;
- _ActiveWave : width of the current period zigzag's unfinished move line;
- _ActiveWave1 : width of the higher zigzag's unfinished move line;
- _ActiveWave2 : width of the even higher zigzag's unfinished move line.
