Ultimate ZigZag is unique in that it makes it very easy to identify the reversal price in order to create a new zigzag line in the opposite direction. Instead of using a minimum price change to calculate highs and lows, the Highs and Lows of a period of prior bars is used to determine new swings.
- Option to require bar to close above or below the pivot high to establish a new swing.
- Display text for pivot price, swing range in ticks, cumulative volume per swing, total number of bars per swing and time of pivot .
- Display dots at pivots, color background based on trend direction, and box each zigzag leg.
- Show reversal price where once broken, a new zigzag leg will be established.
- Draw Fibonacci retracements on zigzag legs whose range is greater than a user-defined minimum range.
- Display developing zigzag high/low and reversal.
- Color Trail line based on Trend colors.
- Paint bars based on Trend.
- Highlight swing pivots.
- Create a channel connecting pivots.
- Market Analyzer, Strategy Builder, and SuperDOM ready.
- LifeTime License for 2 computers.
Available for NinjaTrader 8.