Dear coders!
Can someone combine (or just add) Regression channel and Zig Zag indicator?
The idea is to watch and trade channel's breakouts. I use this points like return points.
When ZigZag creating (or continues) new leg, our new indi will drawing regression channel automatically.
It will be great to add some alert in red areas (bar close below channel line).
While the channel is new and "too young", false breakouts are possible.
But it needs study and observation and single indi will help, I think.
ZigZag parameters are: Depths:100, Deviation:10, Backstep:5
Thanks in advance!
Can someone combine (or just add) Regression channel and Zig Zag indicator?
The idea is to watch and trade channel's breakouts. I use this points like return points.
When ZigZag creating (or continues) new leg, our new indi will drawing regression channel automatically.
It will be great to add some alert in red areas (bar close below channel line).
While the channel is new and "too young", false breakouts are possible.
But it needs study and observation and single indi will help, I think.
ZigZag parameters are: Depths:100, Deviation:10, Backstep:5
Thanks in advance!
Attached File(s)
ZigZag.ex4
13 KB
|
343 downloads
ZigZag.mq4
8 KB
|
396 downloads
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