About pivot setting in the indicator from Scriptor on the mt5 site:mrtools wrote: Thu Feb 23, 2023 10:09 am Made a new version but the mtf works on everything except offline charts.
Calculations:
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ZZOsc = 100 * (Close - LastZZ) / LastZZ
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LastZZ - ZigZag price on the pivot point
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