The ' Average OHLC ZigZag ' indicator was designed for entry confirmations as well as scalping with a larger trend.
A custom formula to average the last two bars to generate arrows following market trends with bar 1 confirmation.
Key Features
- An extreme scalper calculating the averages between the last two market periods to generate a buy or sell arrow.
- No settings are available due to it's simplicity of custom price action pattern and using repainting four OHLC prices.
Input Parameters
- ZigZagPos = Averaged OHLC; - ZigZag Position: "Averaged OHLC", "Highs & Lows" or "None".
Integration
- This indicator produces prices of the zigzag and of the arrows which can be compared with it's adjacent buffer.
- There must be a value on one buffer and not the other, represented by a value of EMPTY_VALUE.
Improvements
- Please be sure to leave any ideas, tips and suggestions in the "Reviews" section and they may be included.
