This indicator shows the market structure break (msb) and order blocks (ob). Msb occurs after the breakout old high when the price make lower lows or occurs after the breakout old low when the price make higher highs. OB occurs after the msb, ob is the last bullish candle before high if msb is bearish but if the msb is bullish then ob is the last bearish candle before low.
Zigzag Lenght - A number for the zigzag calculation Show Zigzag - Show/Hide Zigzag lines Fib Factor - Fib level for the breakout confirmation. For example if new high larger than old high to low fib 1+fib_factor when the down trend then it's a breakout.
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Added breaker and mitigation blocks. Breaker and mitigation blocks are the block in the low area formed before last high. Last bearish candle for bearish and last bullish candle for bullish are mitigation or breaker blocks.
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Added display settings
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Changed some default values
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- Copy Paste bug fixed :) - Added alert to msb
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Some Bug Fixed
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- The bug that caused the alarm delay has been fixed. (MSB) - Added timeframe option. You can only select current timeframe or higher timeframe. Zigzag only shows in current timeframe.
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Optional time zone selection feature has been removed.
An alarm triggering when the price touches the box has been added (It triggers for every candle!).
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Delete old/broken boxes option added
Note: I'm working on new more accurate alert system (probably from telegram)
@EmreKb Many thanks for this great price action indicator. I am just wondering if you can able to make the zigzag line to have an option to
sharpie0319
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@EmreKb What I was saying is an option to change color for upline or downline of Zigzag and an alert when Zigzag established plotted a line> Thank you once again.
Trendoscope
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Something new to learn. Thanks for detailed description.
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