[RS]ZigZag Percent Reversal - Forecast - patterns - labels — Indicator by RicardoSantos

volatility trendanalysis breadthstudies zigzag range average forecast pattern time level

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.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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