This indicator predicts next ZigZag move based on historical ZigZag edges probabilities. It processes available history for calculating density distribution of ZigZag edges and conditional probability of their consecutive pairs. Then it uses the probabilities for estimating levels where future extremums (reversal points) may appear.

This indicator builds zigzag by HZZM indicator, but does not display zigzag itself. You may use HZZM for zigzag visualization.

nclick="viewGallery_GalleryManager.GoToPrev();"> nclick="viewGallery_GalleryManager.GoToPrev();">

ta itemprop="image" content="https://c.mql5.com/31/29/zigzagprobability-screen-4043.png" />

nclick="viewGallery_GalleryManager.GoTonext();"> nclick="viewGallery_GalleryManager.GoTonext();">