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 | //+----------------------------------------------+ input double Step=0.02; // SAR Pitch input double Maximum=0.2; // SAR Maximum input bool ExtremumsShift=true; // Extremum Shift Flag //+----------------------------------------------+ //| Channel Creation Input Parameters | //+----------------------------------------------+ input int FirstExtrNumb=1; // First Extremum Number (0,1,2,3...) input color Upper_color=DarkViolet; // Channel Upper Line Color input ENUM_LINE_STYLE Upper_style=STYLE_SOLID; // Channel Upper Line Style input ENUM_WIDTH Upper_width=w_3; // Channel Upper Line Width input color Middle_color=Blue; // Middle Line Color input ENUM_LINE_STYLE Middle_style=STYLE_DASHDOTDOT; // Middle Line Style input ENUM_WIDTH Middle_width=w_1; // Middle Line Width input color Lower_color=MediumVioletRed; // Channel Lower Line Color input ENUM_LINE_STYLE Lower_style=STYLE_SOLID; // Channel Lower Line Style input ENUM_WIDTH Lower_width=w_3; // Channel Lower Line Width //+----------------------------------------------+ //| Fibo Levels Generation Input Parameters | //+----------------------------------------------+ //---- Fibo Properties at the Last Extremum input bool DynamicFiboFlag=true; // Dynamic Fibo Display Flag input color DynamicFibo_color=DeepPink; // Dynamic Fibo Color input ENUM_LINE_STYLE DynamicFibo_style=STYLE_DASHDOTDOT; // Dynamic Fibo Style input ENUM_WIDTH DynamicFibo_width=w_1; // Dynamic Fibo Line Width input bool DynamicFibo_AsRay=true; // Dynamic Fibo Ray //---- Fibo Properties at the Second-to-Last Extremum input bool StaticFiboFlag=true; // Static Fibo Display Flag input color StaticFibo_color=Teal; // Static Fibo Color input ENUM_LINE_STYLE StaticFibo_style=STYLE_DASH; // Static Fibo Style input ENUM_WIDTH StaticFibo_width=w_1; // Static Fibo Line Width input bool StaticFibo_AsRay=false; // Static Fibo Ray
Comments 0