The trend determination is based on ZigZag indicator. An each trend is marked with rectangle with different colors. The information about trend (h-size, v-average volume, s-speed in pips/hour) is displayed in the upper/lower corners. The current trend is considered from the beginning of the last rectangle.
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The Advices:
It’s possible to use this indicator for the analysis of the Ellott Waves and for the trading using the information of the price velocity changes.
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![Figure 1. Typical ZigZag with input parameters [12;5;3] and [12;0;0]](https://i0.wp.com/tradingrobots.net/wp-content/uploads/2024/03/Professional-ZigZag-indicator-for-MetaTrader-5.png?resize=150%2C150&ssl=1 "Professional ZigZag - indicator MetaTrader 5")
