ZigZag Pro — Advanced swing detection with ATR threshold, fractal confirmation, and colored segments. Clean market structure, non‑repainting confirmed pivots, performance‑tuned for live charts.
Tagline: Advanced swing detection with ATR threshold, Fractal Confirm, and Colored Segments. Confirmed pivots are non‑repainting.
Overview
ZigZag Pro is built for discretionary and systematic traders who need a clean, repeatable read of market structure. It detects meaningful swings, labels pivots, and connects legs with color‑coded segments. The reversal threshold can be automatic (ATR) or fixed (pips/percent), so the indicator adapts to different instruments and volatility regimes.
Why go Pro
- ✅ Dynamic ATR threshold with period and multiplier
- ✅ Fractal Confirm (optional) for more robust pivot validation
- ✅ Colored segments (Up/Down) to instantly read impulse direction
- ✅ Pivot labels (H/L + formatted price), optional
- ✅ Extended price sources: HL / Close / HL2 / HLC3 / HLCC4
- ✅ Min TickVolume filter (0 = off)
- ✅ Live last‑leg preview (optional extension)
Confirmed pivots do not repaint. Only the unfinished last leg can move until the next pivot is confirmed (standard ZigZag behavior).
Core Features
- Deviation Mode: Pips • Percent • ATR (Exponential ATR)
- Price Mode: High/Low • Close • Median (HL2) • Typical (HLC3) • Weighted (HLCC4)
- Fractal Confirm: configurable left/right bars
- Backstep: minimum bars between consecutive pivots
- Trendline Segments: color‑coded Up/Down, configurable thickness & max count
- Pivot Labels: clean H/L + formatted price
Key Parameters (Quick Reference)
- Deviation Mode, Deviation Value → reversal threshold
- ATR Period, ATR Multiplier → used only in ATR mode
- Price Mode → price source for calculations
- Backstep (bars) → filters minor swings
- Use Fractal Confirm, Fractal Left/Right Bars → pivot confirmation
- Min TickVolume (0=off) → filters low‑activity bars
- Color Segments, Segment Thickness, Max Colored Segments → visuals & performance
- Extend Last Leg, Show Pivot Labels → real‑time readability
How to Use
- Automate → Indicators → New: paste and compile the Pro code.
- Apply to your chart. Start with Percent = 1–2% or ATR = 1.0–1.5×.
- On noisy markets, increase Backstep and/or enable Fractal Confirm.
- If the chart gets crowded, reduce Max Colored Segments or disable labels.
Trading Tips
- For high volatility symbols, prefer ATR; for major FX pairs, Pips is often intuitive.
- Use pivot sequences (HH/HL/LH/LL) to confirm trend or bias changes.
- Risk management: place stops under/above the last confirmed pivot; optionally trail when new pivots confirm.
Performance & Compatibility
- Uses modern APIs (
Bars.*,LineColor) and built‑in AverageTrueRange. - Works on any symbol and timeframe. Graphic objects are bounded by Max Colored Segments for performance.
Summary Rating
★★★★★ 4.8/5 — Strong balance between visual clarity and advanced controls. ATR mode and Fractal Confirm help suppress false pivots during turbulent phases.
