Obtainable right here:
It would present you the Increased/Decrease Highs and Lows of zigzag value.
Use it to maintain monitor of greatest ongoing tendencies and value ranges.
HH: Increased Highs
HL: Increased Lows
When value makes larger and better Highs or larger Lows:
It would depend Zigzag in reverse and discover complete variety of final “Increased Highs” and “Increased Lows” or “Decrease Lows” and “Decrease Highs”.
LL: Decrease Lows
LH: Decrease Highs
How you can Use:
Suppose value is making Increased Highs and Increased Lows, means it is in an uptrend.
And suppose whether it is making Decrease Lows and Decrease Highs, means it’s in a downtrend.
If value is exhibiting Decrease Highs however not Decrease Lows, means the development is presumably ending.
Identical for Increased highs.
It’s also possible to examine the higher and decrease timeframes to see how lengthy the development has been happening for.
This indicator is a supporting indicator. It’s not appropriate for standalone buying and selling.
Listed here are some instance methods that you can use.
As soon as you understand the continued tendencies, you should utilize different indicators like Pivots or Fibo, and Quantity indicator to seek out greatest entry and exit factors.
If ongoing development is nice, use Trendlines to seek out greatest entry and exit factors.
However you’ll be able to at all times set your individual Template within the scanner to open a chart along with your technique’s template.
Frequent Dashboard settings:
– Shift: Preserve this to 1 for those who do not need to examine present bar ongoing zigzag. As a result of Zigzag retains shifting whereas it’s nonetheless forming.
So maintaining shift to 0, may change scanner values.
– Max Previous Bars: Most bars to examine zigzag values for
– Refresh After Ticks: Refresh dashboard each variety of ticks. Conserving this too low won’t refresh sprint correctly.
In case you are utilizing 28-pairs for five timeframes.. Sprint will want 3-4 seconds to refresh. So, preserve this worth sufficient in order that sprint can end correctly.
– ZZ Settings: Set the ZZ Depth (Interval), Deviation and Backstep right here. By default it makes use of default Zigzag settings: 12,5,3
In order for you 3LZZ Semafor Sem3 settings, then set these to 34,13,8
Spotlight and Alert:
All HH,HL,LL,LH counts will spotlight purple/inexperienced if quantity is extra that the depend right here.
Crimson (Bearish Colour) is for Lows (exhibiting downtrend) and Inexperienced (Bullish Colour) is for Highs (exhibiting up development)
It would additionally alert each time value crosses this depend. If you wish to flip off alerts, then preserve Popup Alerts to false.