There are many ZZs in existence.
This one starts at the beginning of each session and plots through the session. It includes a small bit of 'intelligence' in that it is made specifically to deal with ambiguous situations when a bar spans across the length of your desired ZigZag. In this case some ZZs don't know wether to plot an Up or Down move. This ZZ figures most of those situations out correctly. Although there are times it can be wrong if the desired ZZ is set too small for the volatility of the instrument.
Included are "real time" options so that the latest developing swing will plot Live, once it has reached the based threshold set by the user.
This will plot both the Swings INtraday, as well as the Daily Swing or Main Move. All of which can be toggled on off.
The ShowPreswings option when set to true, will plot swings that occur BEFORE the minimum ZZ length has occurred. An arrow will plot once that minimum swing length has occurred.
Many customizable options included with this, to include full customization of all of the lines, colors and widths, distance the labels and lines appear from the highs/lows etc.
Category NinjaTrader 7 Indicators
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