MultiZigZag - multiple ZigZag indicator
MultiZigZag - indicator of the ZigZag family. The main difference of the MultiZigZag indicator is that it simultaneously builds lines of three timeframes on one chart: H1, H4 and Daily. This makes it possible to orient in the trading situation more mobile.
In addition, this version MultiZigZag indicator is lightweight for PC, because it does not recalculate all data completely at each tick. A fourth Zigzag indicator can also be included in the operation if necessary.
Commentary from ForTrader.org: MultiZigZag indicator is a good modification of the popular ZigZag algorithm, which can become the basis for trading strategies .