Zigzag in ticks coloured by Dow Theory

Zigzag by number of ticks

It's colored following the trend according to Dow's theory that in order to have a bullish trend we need rising tops and bottoms and bearish trend we need falling tops and bottoms!


data:

Buffer 1: Line data

Buffer 2: Line's color

Buffer 3: Last Breakpoint (Most recent break)

Buffer 4: Last Last Breakpoint

Buffer 5: Last Last Last Break Point

Buffer 6: Last x 4 Break Points (to conclude the pivot)

Buffer 7: Price / Wave / Leg Direction (-1 Low, 0 Undefined, 1 High)

Buffer 8: Direction of the trend or where are the tops and bottoms taking us? (-1 low, 0 undefined and 1 high)