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Re: Zig-Zag Indicators MT4

131 by mrtools
mrtools wrote: Thu Feb 23, 2023 10:09 am Made a new version but the mtf works on everything except offline charts.
Image

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About pivot setting in the indicator from Scriptor on the mt5 site:

Calculations:

Code: Select all

ZZOsc = 100 * (Close - LastZZ) / LastZZ
where:

Code: Select all

LastZZ - ZigZag price on the pivot point
If the pivot point is equal to zero, then the counting will be started from the nearest left ZigZag break or from the end of its last ray.
ZigZag_Oscillator0.png
Fig. 1. ZigZag Oscillator + ZigZag, ZigZag pivot point = 0

ZigZag_Oscillator1.png
Fig. 2. ZigZag Oscillator + ZigZag, ZigZag pivot point = 1


ZigZag_Oscillator2.png
Fig. 3. ZigZag Oscillator + ZigZag, ZigZag pivot point = 2
These users thanked the author mrtools for the post (total 2):
webshark, Chickenspicy



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