Parabolic_ZZZ - graphical indicator

Graphic representation Parabolic_ZZZ indicator sounds like a popular Zigzag indicator - on the graph we also see "teeth" drawn along the extrema.

Parabolic_ZZZ - graphical indicator

The Parabolic_ZZZ indicator is based on the standard Parabolic SAR and has its settings. On the peaks of the presented waves there are marks about the last price for clarity of use. Fibonacci levels are automatically built on the last two waves formed. The last line on the current chart is red - it is an unfinished wave yet.

Commentary from ForTrader.org: Parabolic_ZZ indicator is clearly written by the trader for his own needs, as it clearly reflects the work of the trading strategy. However, it can be useful in trading as a visual tool, especially on high timeframes.

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