RicardoSantos

[RS]ZigZag Percent Reversal - Forecast - patterns - labels

description:
Zig Zag indicator plots points on the chart whenever prices reverse
by a percentage greater than a pre-chosen variable.
• Forecasts area based on zigzag statistics.
• Displays labels with detected patterns.
• Displays slope information rate of price, time diferentials and angle(experimental)
Release Notes: Added optional input method for zigzag be based on ATR percentage of price with additional optional multiplier.
Release Notes: added more options: pattern selections, optional components..
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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Kommentarer

GREAT JOB... 1 small Question: what is the meaning of blue arrows <----> on the right side in the projection area? I did not understand the purpose and meaning of it? thanls...
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