Purpose
Meet the enhanced ZigZag tool—a step up from your average indicator! This isn't just any ZigZag; it's crafted to serve as a precise visual reference tool that helps you balance and analyze other indicators, whether they’re on your main chart or nestled in sub-windows.
This tool only works with confirmed ZigZag values, so you can trust that the points it displays are spot on. Each detected move comes packed with vital information:
The periods defined by the ZigZag
The exact price at each peak or trough
The direction and movement of the trend
The number of pips covered
All of this is clearly displayed and can be fully disabled with a few simple checkboxes in the settings.
Main Features
Custom ZigZag
Adjustable colors, thickness, and style to match your trading preferences
Option to toggle the ZigZag display on or off
Visual Markers
Colored vertical lines at each peak and trough for easy identification
Distinct colors for highs and lows, ensuring clarity
Perfectly aligned with the corresponding price bars
Dynamic Labels
Displays price along with a direction symbol (▲ or ▼)
Shows the number of pips between two ZigZag points
Font size and color can be adjusted to suit your style
Smart positioning avoids overlapping with price candles
Full Control
Toggle ZigZag and labels independently with boolean parameters
Limit the number of bars analyzed for better performance
Automatic removal of indicator objects when you uninstall
With these features, our ZigZag Calibration Tool is set to elevate your trading game. Whether you're a seasoned pro or just starting out, this tool will help you make sense of the market movements and enhance your decision-making process.
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