OPEN-SOURCE SCRIPT
last zigzag++
The Last ZigZag Trend Detector is a custom Pine Script strategy designed to identify significant price swings in the market using the popular ZigZag indicator. The ZigZag indicator helps traders filter out smaller price movements, allowing them to focus on larger, more meaningful price changes. This tool highlights the key trend points such as Higher Highs (HH), Higher Lows (HL), Lower Lows (LL), and Lower Highs (LH), which are essential for understanding market direction and making informed trading decisions.
In addition to identifying these price patterns, the Last ZigZag Trend Detector offers advanced features like extending ZigZag lines into the future, displaying key price levels in a table, and providing alert conditions for trend reversals. By analyzing significant price changes, this tool helps traders spot the most relevant trend signals and stay ahead of the market.
With customizable settings, including the option to extend the ZigZag lines and receive notifications when important price levels are reached, the Last ZigZag Trend Detector is an invaluable tool for any trader looking to refine their technical analysis and make data-driven decisions. Whether you are a beginner or an experienced trader, this script can be a game-changer for identifying and acting on major trend shifts in the market.
In addition to identifying these price patterns, the Last ZigZag Trend Detector offers advanced features like extending ZigZag lines into the future, displaying key price levels in a table, and providing alert conditions for trend reversals. By analyzing significant price changes, this tool helps traders spot the most relevant trend signals and stay ahead of the market.
With customizable settings, including the option to extend the ZigZag lines and receive notifications when important price levels are reached, the Last ZigZag Trend Detector is an invaluable tool for any trader looking to refine their technical analysis and make data-driven decisions. Whether you are a beginner or an experienced trader, this script can be a game-changer for identifying and acting on major trend shifts in the market.
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 publication is governed by House rules. You can favorite it to use it on a chart.
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