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Intelligent ZigZag for Minute/tic/Range/Vol Charts NT
There are many ZZs in existence.
This one starts at the beginning of each session and plots through the session. It includes a small bit of 'intelligence' in that it is made specifically to deal with ambiguous situations when a bar spans across the length of your desired ZigZag. In this case some ZZs don't know wether to plot an Up or Down move. This ZZ figures most of those situations out correctly. Although there are times it can be wrong if the desired ZZ is set too small for the volatility of the instrument.
Included are "real time" options so that the latest developing swing will plot Live, once it has reached the based threshold set by the user.
This will plot both the Swings INtraday, as well as the Daily Swing or Main Move. All of which can be toggled on off.
The ShowPreswings option when set to true, will plot swings that occur BEFORE the minimum ZZ length has occurred. An arrow will plot once that minimum swing length has occurred.
Many customizable options included with this, to include full customization of all of the lines, colors and widths, distance the labels and lines appear from the highs/lows etc.
Category NinjaTrader 7 Indicators
1854
forrestang
Comments/ratings
ztekinos April 24th, 2017 02:20 AM
No Comment
Maxie April 24th, 2017 12:21 PM
it is a great indikatoe, thks
mehtachandru May 31st, 2017 01:13 PM
very good indicator . its one i hv been looking for to identify a trend . The yellow dots trend line is good , can it be changed adjusted made in two parts. One for start of session and the other after trend changes or mid session.
moneylender888 August 28th, 2017 01:36 PM
NT has never had a decent zigzag. Amazing job! Thank you.
Darquer August 3rd, 2018 01:34 PM
Well done. Thank you.