Re: Zig-Zag Indicators MT4

131
mrtools wrote: Thu Feb 23, 2023 10:09 am Made a new version but the mtf works on everything except offline charts.
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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.
Fig. 1. ZigZag Oscillator + ZigZag, ZigZag pivot point = 0

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


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




Re: Zig-Zag Indicators MT4

138
These users thanked the author Jedidiah for the post (total 3):
Knight, SijjiN, Akela
Be patient therefore, brethren, until the coming of the Lord. Behold, the husbandman waiteth for the precious fruit of the earth: patiently bearing till he receive the early and latter rain.
Behold, we account them blessed who have endured. You have heard of the patience of Job, and you have seen the end of the Lord, that the Lord is merciful and compassionate.

Re: Zig-Zag Indicators MT4

139
These users thanked the author Jedidiah for the post:
SijjiN
Be patient therefore, brethren, until the coming of the Lord. Behold, the husbandman waiteth for the precious fruit of the earth: patiently bearing till he receive the early and latter rain.
Behold, we account them blessed who have endured. You have heard of the patience of Job, and you have seen the end of the Lord, that the Lord is merciful and compassionate.


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