The cTrader Zigzag Alerts indicator helps you track price swings by plotting Higher Highs, Higher Lows, Lower Lows, and more. It also calculates Fibonacci retracements and expansions by comparing swings. The Zigzag line stays consistent across all symbols, timeframes, and price ranges for reliable analysis. You can now access the user guide directly from the chart at any time.
Key Features:
Adjustable Sensitivity: Customize how the indicator detects swings based on market conditions.
Label Options: Choose between abbreviated or full labels for clear visualization.
Font & Color Customization: Modify text size and define bullish/bearish colors for better readability.
Swing Labels & Prices: Display swing labels with corresponding prices for better insights.
Fibonacci Levels: View Fibonacci retracement and expansion levels for improved entry and exit points.
Alert Management: Pause all alerts instantly when needed.
Custom Comments: Add comments that appear in alerts for easy identification.
Multiple Alert Options: Receive alerts via sound, pop-ups, Telegram, or email.
Swing-Specific Alerts: Get alerts for selected swing types and pause alerts for a set time.
Fibonacci Alerts: Stay informed with alerts on Fibonacci retracements and expansions.
Consistent Zigzag Line: Unlike other indicators, this maintains uniform swing detection across all timeframes and price ranges.
cTrader Zigzag Alerts provides precise swing detection and alert customization, helping traders make informed decisions with confidence.
Video and Screenshots
Parameters
Play/Pause & Help
Pause All Alerts: Here you can pause all alerts from this indicator. Useful when you don’t need alerts anymore or when you want to reconfigure the parameters of the indicator and not get interrupted by alerts.
Show User Guide Button: This places a button on the chart, when you click it, it opens this user guide.
Zigzag Line
Sensitivity Level: Here you can change how sensitive the zigzag line detection is. A smaller sensitivity will generate more swings.
Zigzag Mode: Choose if you want the zigzag line to be created by considering the wicks of the bars or not.
Basic Label Settings
Abbreviations: Choose if you want the labels on the chart to be abbreviated or not. Enable this if you don’t want your chart cluttered.
Font Size: The font size for the labels on the chart.
Bullish and Bearish Colors: This indicator can differentiate the swing types by color, and here is where you can customize that.
Zigzag Labels
Show Swing Labels: Here, you can enable or disable the swing labels on the chart.
Show Prices: Use this to enable or disable the labels that show the price at the turning point of the swing.
Fibonacci Labels
Retracement To Last Swing: This will show the Fibonacci retracement of each swing in relation to the last swing.
Continuation Expansion: This will show the Fibonacci Expansion level for each swing in relation to the last swing that went in the same direction as the current swing.
Alerts
Comment: Write here a comment that will appear on the alert pop-up message or in the Telegram message. Useful if you want to add a note about what to do when the alert is triggered.
Sound Alerts: Enable or disable sound alerts.
Sound File: Choose the type of sound alert you want.
Pop-Ups: Here, you can enable or disable cTrader pop-up alerts.
Send Telegram: With this option, you can enable or disable Telegram alerts.
Telegram Bot Token and Bot ID: Place your Telegram bot credentials here.
Send Email: Here, you can enable or disable email alerts.
Your Email: This is the email you want the alerts to be sent to.
Swing Alerts
Type of Swing: Choose the type of swing you want the alerts for.
Swing Alerts Pause Mode: Choose if you want only one alert per swing, or if you want to pause the alerts with a timer (minutes).
Timer (Minutes): If you chose to pause the alerts by timer, here is where you choose how long the swing alerts will be paused after an alert is triggered.
Fibonacci Alerts
Retracement Alert: Enable or disable retracement alerts. Note that because of the nature of zigzag indicators, a swing is only formed after a certain distance from the last turning point. This can cause retracement alerts to be late, meaning that when the indicator detects a new swing, the retracement alert level might have already been surpassed.
Retracement %: This is the percentage you want the alerts for. This will be used as a minimum retracement level for an alert of this type to trigger because of the reason already explained.
Expansion Alert: Enable or disable Fibonacci Expansion alerts. This can suffer from the same problem as the retracement alerts, depending on the level you set in the next parameter.
Expansion %: The level you want the alerts for.
Lines
Here, you can customize the zigzag line plotted on the chart.