Zig Zag + Breakout Long Signal

Description

This indicator combines a classic ZigZag with a long-only breakout logic.
A buy signal (small upward triangle) is generated when the price closes above the last confirmed swing high.

The ZigZag calculation can be based either on closing prices or on high/low prices, depending on the selected input option.
This allows the user to adjust the indicator to a more conservative (close-based) or more sensitive (high/low-based) behavior.

Each swing high can trigger only one breakout signal, preventing repeated entries on the same level.
The indicator is designed to help identify trend continuation setups and breakouts from consolidation phases.

An optional confirmed-pivot mode can be used to reduce repainting.

Disclaimer

This indicator is provided for educational and informational purposes only.
It does not constitute financial advice, investment recommendations, or a solicitation to buy or sell any financial instrument.

Trading involves risk, and past performance does not guarantee future results.
Always conduct your own analysis and use proper risk management before making trading decisions.