ZigzagSR – Dynamic Zigzag Swings with Automated Support & Resistance

Unlock clearer market structure and precise entry zones with ZigzagSR, a powerful cTrader indicator that:

• Plots non–repainting zigzag swings (higher highs, lower highs, higher lows, lower lows) in real time
• Automatically draws dynamic support & resistance levels based on the most recent pivot swings
• Labels each swing point (“HH”, “LH”, “HL”, “LL”) for at-a-glance trend clarity

Key Features

• Adaptive Zigzag Detection
• • Configurable Depth, Deviation, and Backstep parameters to fine-tune sensitivity to market noise
  • Non-repainting logic ensures that historical signals remain stable once drawn
• Automatic SR Levels
• • Draws a Pivot line at the last valid swing point (gold line)
  • Highlights up to the last three Resistance highs (red lines) and three Support lows (green lines) before the pivot
  • Lines update seamlessly as new swings form, keeping your chart tidy
• Clear Visual Labels
• • “HH” (Higher High) and “LH” (Lower High) for bearish/higher peaks
  • “HL” (Higher Low) and “LL” (Lower Low) for bullish/lower troughs
  • Color–coded zigzag segments:
  • • HH → Lime
    • LH → Orange
    • HL → Blue
    • LL → Red

Inputs & Customization

ParameterDefaultDescription

Depth

12

Look-back bars to identify local highs/lows

Deviation

5

Minimum price move (in ticks) to count as a swing

Backstep

3

Bars to “rewind” for suppressing false pivots

Tip: Increase Depth & Deviation on higher timeframes to filter noise; lower them on M1/M5 for sensitivity.

Why Use ZigzagSR?

1. Trend Confirmation: Clearly distinguish impulsive swings vs. corrective moves—ideal for swing and breakout traders.
2. SR Entry Zones: Automatically marked levels help you pinpoint entry, stop-loss, and take-profit zones without drawing lines manually.
3. Strategy Development: Labels and lines feed directly into EAs/cBots or manual systems—build consistent, rules-based setups.

How It Works

1. High/Low Mapping
2. • Scans bars over the last Depth periods to flag local extremes (_highMap & _lowMap).
2. Swing Construction
3. • Alternates between bullish and bearish states, adding only significant pivots to the swing list.
3. Label Assignment
4. • Compares each pivot with the previous to tag it as HH/LH or HL/LL.
4. SR Drawing
5. • Identifies the latest pivot as the “pivot line,” then plots the preceding three valid highs and lows as resistance/support.
5. Zigzag Rendering
6. • Connects all swing points with colored trendlines and overlays text labels slightly offset for clarity.

Use Cases & Tips

• Swing Trading: Ride multi-bar impulses—enter on pullbacks to the pivot line, target the next SR level.
• Breakout Confirmation: Wait for price to pierce a resistance line drawn by ZigzagSR, then confirm with volume or RSI.
• Overlay with Other Indicators: Combine with moving averages, RSI divergences, or volume profiles to strengthen signals.

Get started in seconds:

1. Install ZigzagSR from the cTrader Store.
2. Drop it onto any chart—no external libraries required.
3. Tweak the three input parameters to your preferred timeframe and strategy style.

Elevate your chart analysis with real-time swing structure and dynamic support & resistance—try ZigzagSR today!