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ZigZag Channel

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This is recreation of Donchian Channel - Pivot High Low indicator present here:
Donchian Channel - Pivot High-Low


But, instead of traditional pivot high lows, this is based on pivots created from zigzag indicator.

This indicator is created on top of existing Zigzag indicator using lines array:
ZigZag (Using Line Array)


Parameter HighLowLength refers to number of zigzag lines back which can be used to calculate top and bottom of donchian channel.
Notas de prensa
Added option waitForConfirmation.

Difference it makes is as shown in the picture below:
imagen

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La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.