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๐ ZigZag Price Liquidity Projection Indicator
"See where the market might turn before it happens!" ๐ฎ
This indicator identifies key support/resistance levels ๐ and predicts liquidity zones ๐ง on your chart using:
- ๐ Pivot Points: Detects significant highs and lows
- ๐ ATR Volatility: Measures price fluctuations for precision tuning
- ๐ฆ Liquidity Projections: Anticipates high-activity areas (buy/sell clusters) through zigzag patterns
๐ฏ Purpose: Predicts price reaction zones (bounces/breakouts/consolidations) to improve entry/exit decisions
โจ The Zigzag Advantage
These connected lines act like a treasure map ๐บ๏ธ showing:
1๏ธโฃ Future price paths within defined ranges
2๏ธโฃ Potential reversal zones where price might stall or reverse
3๏ธโฃ Visual reference points for trade planning
๐ฆ Key Features:
- ๐ Early warning system for important levels
- ๐ฏ Projects future moves based on pivot structures (bullish/bearish paths)
- ๐ข Touch counters (e.g., "24" = 24 historical tests at that level)
โ๏ธ Recommended Settings
SettingValueEffect
ATR Period
30
๐๏ธ Volatility sensitivity
Pivot Period
30
๐ Pivot significance range
โณ Best Timeframes: 15min - 4hr charts โฑ๏ธ
๐ก Pro Tip:
"Combine with candlestick patterns ๐ฏ๏ธ for confirmation! The zigzag shows WHERE price might go, candles show WHEN it's happening."
๐ฏ Final Takeaway:
A powerful all-in-one visual tool for spotting:
โ
Liquidity zones ๐ฆ
โ
Critical levels ๐ฏ
โ
Future price paths ๐
Perfect for intraday traders who want to anticipate moves rather than chase them! ๐๐จ
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