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S&R Structural ZigZag
"S&R Structural ZigZag" โลโก้
5.0
03/09/2025
169
Desktop
Since 03/10/2024
การขาย
102
Free installs
14909
"S&R Structural ZigZag" ภาพที่อัปโหลด"S&R Structural ZigZag" ภาพที่อัปโหลด"S&R Structural ZigZag" ภาพที่อัปโหลด

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PRICE ACTION  (New)


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Zig Zag Support & Resistance with Swings 

1. What Does This Indicator Do? ❓

🔍 Detects Price Swings (Highs & Lows)

  • Scans recent bars ("Analysis Depth") to find the highest/lowest price in that range.
  • Validates swings with a % threshold (e.g., 1%+ change vs. last swing) → Marks new ✅ Swing Highs/Lows.
  • Reduces noise ⚡: Only confirms swings if half the analysis period passes without a higher high/lower low.

📉 Draws Zigzag Trendlines

  • Connects swings with dynamic lines:
    • 🟢 Green = Uptrend (new swing > prior).
    • 🔴 Red = Downtrend (new swing < prior).

⏹️ Highlights Key Levels

  • Support/Resistance Lines: Drawn at each swing’s exact price, extended rightward
  • Labels show price values 📌 (e.g., "1.1050") for instant analysis.

🚦 Reveals Market Structure

  • Identifies trends at a glance:
    • Bullish  = Higher Highs (HH) + Higher Lows (HL).
    • Bearish  = Lower Highs (LH) + Lower Lows (LL).

2. How to Use It (Setup Guide) ⚙️

Install on cTrader: Drag & drop onto your chart!

Key Settings:

  • Analysis Depth 🔎:
    10 (default) → Higher values filter noise; lower values catch more swings.
  • Price Deviation % 📏:
    1.0% (adjustable) → Min. price change to validate swings.
  • Swing Labels 🏷️ (HH/HL/LH/LL): Toggle On/Off.
  • Extend Lines ➡️: Project S/R levels infinitely or limit to current bars.
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