Fixed price level ZigZag indicator | Forex Factory

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Fixed price level ZigZag indicator

  • #1
  • First Post: Jul 22, 2022 8:21am Jul 22, 2022 8:21am
I need a software or indicator which showed me a zigzag line from price moves. Like range charts but the next point formed when following is happend:

Everytime when the price hits e.g. the 100s like 1.00000, 1.10000, 0.90000 the next line is plotted.
If the price is e.g. at 1.00000 then nothing happens till the price hits 0.90000 or 1.10000.

The pips has to be a variable, so I can set it 5, 10, 50 or something like that.

Or is it a standard indicator and my question is a newbie thing
  • #2
  • Jul 22, 2022 10:35am Jul 22, 2022 10:35am
Quoting baggermatsch
I need a software or indicator which showed me a zigzag line from price moves. Like range charts but the next point formed when following is happend: Everytime when the price hits e.g. the 100s like 1.00000, 1.10000, 0.90000 the next line is plotted. If the price is e.g. at 1.00000 then nothing happens till the price hits 0.90000 or 1.10000. The pips has to be a variable, so I can set it 5, 10, 50 or something like that. Or is it a standard indicator and my question is a newbie thing
zigzag can be controlled by time not price, it show you highest/lowest price in period of time.

for example, default setting of 12 in M30 will give you a reading within 6hours +/-

it's good for reading Dow trend stages.

cheers,
"the public is not yet ready for it" W.D. GANN
  • #3
  • Jul 22, 2022 10:49am Jul 22, 2022 10:49am
Quoting Kwt4x
{quote} zigzag can be controlled by time not price, it show you highest/lowest price in period of time. for example, default setting of 12 in M30 will give you a reading within 6hours +/- it's good for reading Dow trend stages. cheers,
Ok then i mean an indicator that based on grid lines. Touching the grid lines. So I can see if the price is moving without step backs in one direction.
  • #4
  • Last Post: Jul 22, 2022 10:59am Jul 22, 2022 10:59am
Quoting baggermatsch
{quote} Ok then i mean an indicator that based on grid lines. Touching the grid lines. So I can see if the price is moving without step backs in one direction.
maybe something like this

https://www.forexfactory.com/thread/...-brn-indicator
"the public is not yet ready for it" W.D. GANN
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