zigzag support&resistance levels [LM]

7 thg 2, 2021

Hello Traders,

I would like to introduce you zigzag support&resistance levels. It is based on the ZigZag semafor script made by DevLucem so shout out to him

The Semafor is used to spot future multi-level Supports and Resistance zones.
It is also useful to spot HL or LL or HH or LH zones at different Depth settings.

The red zones are the extreme places where the market has a higher chance of reversing while the green zones have the lowest setting with lower chances of the market reversal

I have refactored script and extended it with the horizontals.

The lines can be extended like so if you want to see


The lines also can expire when the price will reach it you can change this in general settings:


Also you can use view from the original script with just label circles



Enjoy!

14 thg 2, 2021

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added alert on confirmation of new level, add it to your alarms and you will start getting alerts New level have been confirmed and details about which ones

27 thg 3, 2021

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alert is now shown only for visible levels

27 thg 3, 2021

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fix of alert behavior

21 thg 12, 2021

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update to version 5