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Zig Zag Expert
As suggested by Spyros, I made the same indicator, with perc:= 5, 10, 15, 20.
The name also should be appropriately changed.

Expert
{Highlights}
Uptrend 1
==================
Fml( "ZigZag Fixed 3%" ) + Fml( "ZigZag Fixed 5%" ) + Fml( "ZigZag Fixed 5%" ) + Fml( "ZigZig Fixed 10%" ) + Fml( "Zigzag Fixed 15%" ) + Fml( "Zigzag Fixed 20%" ) = 6
==================
I have just made ONE difference, giving MORE weight to the 5% ZZ, because I feel that it would be indicative of an early change, as well as establishing a major reversal.
Then the Uptrend 2, Neutral, Trend Continue, Downtrend 1, Downtrend 2, and Downtrend are changed only the value of six. The 6 is changed to 4, 2, 0, -2, -4 and -6 respectively. So we would have in all, Seven highlights.

I have not yet got around to writing a commentary, but quite simply, I feel it is redundant.

The colours will show the change of trends.
 


Zig Zag Expert

TRENDS:

Bullish:

ZZ:= (
Fml( "ZigZag Fixed 3%" ) + Fml( "ZigZag Fixed 5%" ) +
Fml( "ZigZag Fixed 5%" ) + Fml( "ZigZig Fixed 10%") +
Fml( "Zigzag Fixed 15%") + Fml( "Zigzag Fixed 20%"));
zz > 1

Bearish:

ZZ:= (
Fml( "ZigZag Fixed 3%" ) + Fml( "ZigZag Fixed 5%" ) +
Fml( "ZigZag Fixed 5%" ) + Fml( "ZigZig Fixed 10%") +
Fml( "Zigzag Fixed 15%") + Fml( "Zigzag Fixed 20%"));
zz < 1


HIGHLIGHTS:

Uptrend1 - Blue:

Fml( "ZigZig Fixed 3%" ) + Fml( "ZigZig Fixed 5%" ) +
Fml( "ZigZig Fixed 5%" ) + Fml( "ZigZig Fixed 10%") +
Fml( "ZigZig Fixed 15%") + Fml( "ZigZig Fixed 20%") = 6

Uptrend2 - Green:

Fml( "ZigZig Fixed 3%" ) + Fml( "ZigZig Fixed 5%" ) +
Fml( "ZigZig Fixed 5%" ) + Fml( "ZigZig Fixed 10%") +
Fml( "ZigZig Fixed 15%") + Fml( "ZigZig Fixed 20%") = 4

Neutral - Dk Blue:

Fml( "ZigZig Fixed 3%" ) + Fml( "ZigZig Fixed 5%" ) +
Fml( "ZigZig Fixed 5%" ) + Fml( "ZigZig Fixed 10%") +
Fml( "ZigZig Fixed 15%") + Fml( "ZigZig Fixed 20%") = 2

Trend Continue - Magenta:

Fml( "ZigZig Fixed 3%" ) + Fml( "ZigZig Fixed 5%" ) +
Fml( "ZigZig Fixed 5%" ) + Fml( "ZigZig Fixed 10%") +
Fml( "ZigZig Fixed 15%") + Fml( "ZigZig Fixed 20%") = 0

Downtrend1 - Cyan:

Fml( "ZigZig Fixed 3%" ) + Fml( "ZigZig Fixed 5%" ) +
Fml( "ZigZig Fixed 5%" ) + Fml( "ZigZig Fixed 10%") +
Fml( "ZigZig Fixed 15%") + Fml( "ZigZig Fixed 20%") = -2

Downtrend2 - Dk Magenta:

Fml( "ZigZig Fixed 3%" ) + Fml( "ZigZig Fixed 5%" ) +
Fml( "ZigZig Fixed 5%" ) + Fml( "ZigZig Fixed 10%") +
Fml( "ZigZig Fixed 15%") + Fml( "ZigZig Fixed 20%") = -4

Downtrend - Red:

Fml( "ZigZig Fixed 3%" ) + Fml( "ZigZig Fixed 5%" ) +
Fml( "ZigZig Fixed 5%" ) + Fml( "ZigZig Fixed 10%") +
Fml( "ZigZig Fixed 15%") + Fml( "ZigZig Fixed 20%") = -6

 

 
 
created by HHP
 
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