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
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