Watch video here: https://youtu.be/Pb6Jmz04FaY?si=zrS1nxOHJnZmtddh
Here is the Swing Structure indicator loaded on 5 minute chart of crude oil:
The purpose of the Zigzags is to map out the structure of the market. When the market is generating higher highs and higher lows, the market structure is up. When there is a series of lower highs and lower lows, the market is in a down structure. You can view the Zigzags with or without the labels, customize the colors, and even change the Swing Strength to adjust the size and frequency of the swing lines.
Here is the same chart with a larger Swing Strength:
You can customize the Swing Strength to your preference.
You can download the zip file (see link below) so you can import the software directly into the Tickblaze platform to use in your trading. If you want to access the source code, you can find everything you need here:
https://github.com/Tickblaze/Tickblaze.Scripts.ARC.
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