ZigZag Leg Break
$19.99
Is Price Trending…?
Know when ZigZag legs break!
- Triggers alerts when price closed beyond last zigzag.
Crucial to confirm a trend is evolving in a healthy manner.
- Works in real time, on closed bars.
Avoids false-positives due to repainting.
- Requires 2 closed bars beyond the last high/low zigzag.
Confirms a valid zigzag break.
- Use on any timeframe (M1, M5, H4, Daily, etc).
- Customizable colors and style.
Get the Demo Version
Is it a Trend?
Indicator cleanly displays when price closes beyond the last high/low zigzag. This is important to confirm a trend is evolving in a healthy manner:
“To confirm a trend is evolving in a healthy manner, not only do we need to see price moving higher/lower than its previous high/low, we also expect to see at least two closes beyond that high/low as further evidence that the market is accepting and building value. Failure to see at least two closes may be a precursor to what’s often referred to as false breakout, and while the move still holds its merit to qualify as a new high/low in the cycle, the quality of the leg is poor in nature.”
– Ivan Delgado
For more details on validated zigzag legs and market structures, check out this article:
How To Read Market Structures In Forex
Try the Demo Version!
Demo contains all features.
Fully functional.
No disabling timebomb.
No limited trial period.
Operates on EUR/USD charts, on the M1, H1, and D1 timeframes.
Demo is fully functional except it does not send email alerts.
Get the Demo Version
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