- June 15, 2013
- Posted by: Forex Wiki Team
- Category: FX Ind
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Author: | Denis Orlov (2011.01.13 09:32) | ||
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Shortly:There is a large quantity of various Zigzags and the majority of it, with difficult algorithms, don't give required result. Besides the work principle and adjustment happens very hard to understand. I have decided to write my own Zigzag and accordingly named it by my name.)) It is the Zigzag with a simple, clear and natural principle of work . It shows impulses and corrections which are important to you . Zigzag doesn't redraws since it only draws the impulses which are already exist . Options and work principle:extern double MinRatio=0.33; It means the relation of a new impulse to previous to which the Zigzag will react. I.e. the new line will be constructed only if current impulse is not less than 0.33 of previous. 0.5 - not less than half 0.75 - not less than three quarters etc.
extern int MinPoints=20; The filter which cuts too small movements, i.e. market noise. Designates size of the minimum impulse for reaction, in points. I.e. the Zigzag doesn't react to an impulse, which less than MinPoints.
extern int ForcePoints=50; This parameter allows to react to considerable recoils even if they less than MinRatio. For example, after sharp movements. If parameter MinPoints is established to more than ForcePoints, ForcePoints will be automatically raises to the same size.
extern bool ByClose=False; The interesting parameter, allows to draw the Zigzag being guided by the Close-prices and ignoring market noise of High and Low.
extern int History=5000; It's just the History. ) |
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Great indicator... Thanks very much!
02.06.2012 15:16 marty087
bnbb2004:
Is it me, but it appears that this indy repaints like the normal zig zag. Shows a sell signal today but tomorrow it will move to the next bar showing a new sell signal b/c the price is higher than the previous day. If I'm doing something wrong, please let me know. This zigzag repaints like the original one because it calls the original one and so it depends upon it's problem agains. Is there some one that knows a solid zigzag indicator that does not repaints ? 19.03.2011 20:58 giaras
bnbb2004:
Is it me, but it appears that this indy repaints like the normal zig zag. Shows a sell signal today but tomorrow it will move to the next bar showing a new sell signal b/c the price is higher than the previous day. If I'm doing something wrong, please let me know. What is that you call "a sell signal"? It depends on your own strategy. My ZZ just shows the impulses and corrections you define in the settings. 03.03.2011 16:29 denis_orlov
Is it me, but it appears that this indy repaints like the normal zig zag. Shows a sell signal today but tomorrow it will move to the next bar showing a new sell signal b/c the price is higher than the previous day. If I'm doing something wrong, please let me know.
30.01.2011 22:40 bnbb2004
Thanks 🙂 P.S. Unfortunately, probably, it is last my publication on this resource since administration don't arrange the conditions of placing of my works any more. All kind. Use and prosper.)) i agree with you. 17.01.2011 03:17 zzuegg
BlueSkyThinking:
As usual a great work from Orlow! 😉 Thanks 🙂 P.S. Unfortunately, probably, it is last my publication on this resource since administration don't arrange the conditions of placing of my works any more. All kind. Use and prosper.)) 14.01.2011 21:07 denis_orlov
phima16:
your ZZ_ORLOV indicator seem interesting, but I can't compile - error msg : Function "FindZZ0" is not referenced and will be removed from exp-file Thanks for your reply
This is not error, just a warning for programmers. Compile and use, it works. 14.01.2011 21:05 denis_orlov
your ZZ_ORLOV indicator seem interesting, but I can't compile - error msg : Function "FindZZ0" is not referenced and will be removed from exp-file
Thanks for your reply
14.01.2011 04:32 phima16
As usual a great work from Orlow! 😉
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