The Ultimate ZigZag Indicator with Support/Resistance Lines and Trend Lines Display! Dow Theory Analysis!

・Understand trends in higher and lower timeframes with multi-timeframe capability!

・Display high/low lines and breakout signals!

・Entry analysis conscious of fractal structures and Dow Theory!

・Always display changing trend linesfrom high and low points!

Chart Display Image

(1) Multi-Timeframe

・Understand major trends with higher timeframe ZigZag, and confirm breakout timing with lower timeframeZigZag

・Lower timeframe ZigZag can be color-coded for upward (blue) and downward (red) trends, making the trend direction clear at a glance

・Display support/resistance lines or prices from ZigZag high and low points

(2)Break Sign

・Display signs (white) at breakouts of the most recent high and low points

・Display fractal lines for high and low points from the latest candlestick, conscious of Dow Theory

・Support and resistance lines are emphasized with thick lines to indicate zones, serving as guidelines for profit-taking or stop-loss

(3) Trend Line

・Display trend lines connecting ZigZag highs and lows (yellow)

・Trend lines flexibly change into channels, pennants, flags, etc., over time

・Display signs at trend line breakouts

Parameters

・ZigZag settings are default settings. Feel free to modify them as needed.

・Increasing Depth will make the ZigZag lines larger, while decreasing Depth will make them smaller.

・The position of support/resistance lines and the slope of trend lines change according to the size of the ZigZag.

・Multi-timeframe 2 is only displayed below the chart timeframe.

Installation Method

・Please add the indicator to the chart

・The indicator can be used on multiple charts with a single purchase (no account authentication required)

Multi ZigZag & Support/Resistance, Fractal, Breakout Display