Combining Weighted Close Candles with ZigZag Arrows

Summary

The document briefly describes an indicator that combines weighted-close candlesticks, calculated from the high, low, close, and close again, with arrows associated with a ZigZag indicator. It notes that users can choose whether to display directional arrows. A later update also made minor changes to the candle formula.

The description identifies the indicator's components and configurable display option, but gives no calculation details beyond the weighted-close label, chart examples, entry or exit rules, or evidence of predictive value. It does not explain how the ZigZag component determines its arrows or whether past signals can change as new prices arrive. As a result, the post is a feature summary rather than a tested trading method, and users would need further documentation to assess signal timing or use it in a strategy.

Key ideas

• The indicator combines weighted-close candlestick bars with directional arrows from a ZigZag component.
• Arrow display can be switched on or off.
• An update made minor changes to the candle calculation.
• The description provides no trading rules, validation results, or details about signal stability.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.