Auto ZZ SR Indicator
Auto ZZ SR Indicator
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Summary
This indicator automatically draws trend lines using ZigZag top and bottom points.
The more ZigZag tops/bottoms that are used, the greater the number of possible combinations. Therefore, the more possible trend lines can be drawn.
And vice versa too. The fewer ZigZag tops/bottoms that are used, the lower the number of possible combinations. And therefore, the fewer the possible trend lines can be drawn.
The indicator constantly updates the trend lines on the chart as the market progresses.
The indicator will work on any type of account, account #, or chart. All settings are adjustable.
Inputs
- # of ZZ Tops/Bottoms
The number of ZZ tops/bottoms in the past that will be used for drawing the trend lines. The higher this number, the higher the possible combinations will be considered. Which means the more support/resistance lines will be drawn.
- Support Color
The color of the support trend lines.
- Resistance Color
The color of the resistance trend lines.
- ExtDepth, ExtDeviation, ExtBackstep
These are standard ZigZag indicator settings.
Notes
- The ZigZag indicator will not be shown by default. However, the ZigZag indicator can be drawn on the chart if you want. To do this, simply choose a color in the 'Color' tab.
- DLL imports must be enabled for this indicator to work.
Forum
- The official forum to post your comments, questions, concerns, or bug reports about the Auto ZZ SR Indicator can be found at Forex Zone Forum.
Example
Download
- The current version is v1.10 released on February 29, 2024. Updates will be made based on customer feedback.
- This indicator is FREE with no restrictions! Just use the link below to download instantly.
- Post your questions or feedback on the official Auto ZZ SR Indicator forum page.
- Please share this indicator or buy some merch from our store to support our work!
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