Sena Zigzag Swing High-Low Marker

Sena Zigzag Swing High-Low Marker analyzes price movements to detect swing points such as highs and lows, then connects them using a zigzag structure for clear market visualization. It’s a powerful visual tool for traders who focus on price structure and turning points.

What It Does:
Identifies swing structures including:

Swing High (Higher High – HH)

Swing Low (Lower Low – LL)

Lower High (LH)

Higher Low (HL)

Marks these points on the chart using color-coded labels:

🟩 Green: Higher Highs and Higher Lows

🟥 Red: Lower Highs and Lower Lows

Connects swing points with zigzag lines to reveal wave formations and market structure.

Where It’s Useful:
In price action strategies

For identifying trend direction and trend reversals

To determine support and resistance levels

In detecting classical chart patterns like head and shoulders, wedges, triangles, etc.

Settings & Customization:
The zigzag depth parameter can be adjusted to better fit different timeframes.
Users should optimize settings (depth, sensitivity) based on their preferred chart and trading style.

It is flexible and adaptable for multi-timeframe use.

Important Notes:
This indicator is developed for educational and technical analysis purposes only.

It does not generate buy or sell signals.

As it relies on a rule-based algorithm, it cannot interpret context like the human eye.

Final decisions should always be supported by manual analysis.

I hope this tool helps you improve your price structure analysis and chart reading skills.

— Developer: C. İnanç ÖZYALIM | Dedicated to Sena ❤️