this indicator creates the market structure with a little delay but perfectly. each zigzag is always drawn from highest to lowest. It also signals when the market structure is broken. signals fade over time.
The table above shows the percentage distance of the price from the last high and the last low.
zigzags are painted green when making higher peaks, while...
This is script is build up based on Zig Zag Indicator and modify according to WR idea if market structure to define new HH and new LL.
The idea of this indicator is to determine Trend Up (HH and New HH) and Trend Down direction (LL and New LL).
Below is the example of the inidcator:
If you have any suggestions, comments or interested to use this script,...