The proposed indicator is based on the ZigZag Mini Extra indicator (https://www.mql5.com/ru/market/product/42632).
Unlike the prototype can be built at the price of Close or High-Low with the established timeframe.
The prices of the current timeframe will be used when calculating the indicator on the highest timeframes at Close price, .
Indicator parameters:
ZigZag TimeFrame = PERIOD_CURRENT – operating time frame (must be equal or more than current timeframe);
Depth = 12 – depth of local extremum search in bars;
On close calc = false – option of indicator calculation (true – at Close price, false – at High – Low prices);
On minute calc = true – enable/disable calculation on the minute bar (disable – calculation on each tick).
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