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

1. Automate → Indicators → New: paste and compile the Pro code.
2. Apply to your chart. Start with Percent = 1–2% or ATR = 1.0–1.5×.
3. On noisy markets, increase Backstep and/or enable Fractal Confirm.
4. 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.