The indicator displays ZigZag lines from a higher timeframe (see the example in the screenshot). The red thin line is the current timeframe’s ZigZag, while a thicker yellow line is the higher timeframe’s one. The indicator is repainted as the data is updated.
Parameters
- Depth, Dev, Back – ZigZag parameters;
- BarsCount – amount of processed bars (reduces the initial download time and decreases the load when using in an EA);
- TimeFrame – indicator timeframe (cannot be lower than the current one).
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