OptX - ZigZag Triangle with Market Appetite

OptX - ZigZag Based Dynamic Triangle with Market Appetite Indicator

This protected script automatically detects and draws the latest converging triangle patterns using ZigZag pivot points. It combines classic price geometry with a proprietary "Market Appetite" momentum metric to highlight potential breakout strength.

Key Features:
- Automatically identifies recent swing highs and lows
- Draws upper resistance and lower support lines to form a triangle
- Includes a dashed diagonal line for visual structure
- Fills the triangle with dynamic color intensity and opacity reflecting current market momentum
- Clearly labels active resistance and support levels
- On breakout (within configurable bars after pivot), shows breakout conviction as a percentage (BO 0-100%)

Market Appetite Concept:
A custom momentum indicator that measures market intensity by analyzing normalized changes in both price and volume volatility:
- Recent price and volume movements are standardized and combined
- Scaled relative to recent extremes over an extended lookback
- Higher values indicate stronger momentum, resulting in more intense triangle fill and higher breakout percentage labels
- Designed to gauge the underlying conviction in price moves

Trend-adaptive coloring (based on 20-period SMA):
- Bullish conditions: green/blue tones
- Bearish conditions: red/gray tones

Ideal for spotting triangle breakouts with built-in momentum assessment.

Settings include full customization of ZigZag sensitivity, colors, fill opacity, appetite calculation period, breakout detection window, and line styles.

This is an original indicator combining ZigZag-based triangle detection with a unique price-volume momentum evaluation – developed independently and not derived from simple combinations of existing public scripts.