Description:
If you’re looking to enhance your trading game, the ZigZag Parabolic Fibo Channel Indicator is a tool worth considering. This advanced version of the ZigZag indicator incorporates the Parabolic SAR, giving you the ability to set Fibonacci levels based on the last two peaks of the indicator. Plus, it generates a channel using three successive zigzag peaks, allowing for peak selection.
Key Indicator Input Parameters:
//+----------------------------------------------+ //| iSAR Indicator Input Parameters |//+----------------------------------------------+ inputdouble Step=0.02; // SAR Pitchinputdouble Maximum=0.2; // SAR Maximuminputbool ExtremumsShift=true; // Extremum Shift Flag//+----------------------------------------------+ //| Channel Creation Input Parameters |//+----------------------------------------------+ inputint FirstExtrNumb=1; // First Extremum Number (0,1,2,3...)inputcolor Upper_color=DarkViolet; // Channel Upper Line ColorinputENUM_LINE_STYLE Upper_style=STYLE_SOLID; // Channel Upper Line Styleinput ENUM_WIDTH Upper_width=w_3; // Channel Upper Line Widthinputcolor Middle_color=Blue; // Middle Line ColorinputENUM_LINE_STYLE Middle_style=STYLE_DASHDOTDOT; // Middle Line Styleinput ENUM_WIDTH Middle_width=w_1; // Middle Line Widthinputcolor Lower_color=MediumVioletRed; // Channel Lower Line ColorinputENUM_LINE_STYLE Lower_style=STYLE_SOLID; // Channel Lower Line Styleinput ENUM_WIDTH Lower_width=w_3; // Channel Lower Line Width//+----------------------------------------------+ //| Fibo Levels Generation Input Parameters |//+----------------------------------------------+ //---- Fibo Properties at the Last Extremuminputbool DynamicFiboFlag=true; // Dynamic Fibo Display Flaginputcolor DynamicFibo_color=DeepPink; // Dynamic Fibo ColorinputENUM_LINE_STYLE DynamicFibo_style=STYLE_DASHDOTDOT; // Dynamic Fibo Styleinput ENUM_WIDTH DynamicFibo_width=w_1; // Dynamic Fibo Line Widthinputbool DynamicFibo_AsRay=true; // Dynamic Fibo Ray//---- Fibo Properties at the Second-to-Last Extremuminputbool StaticFiboFlag=true; // Static Fibo Display Flaginputcolor StaticFibo_color=Teal; // Static Fibo ColorinputENUM_LINE_STYLE StaticFibo_style=STYLE_DASH; // Static Fibo Styleinput ENUM_WIDTH StaticFibo_width=w_1; // Static Fibo Line Widthinputbool StaticFibo_AsRay=false; // Static Fibo Ray
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