Formula
where the basic level - is the starting price of the current branches zigzag indicator.
Performance
Above presented daily schedule Real Networks (RNWK). Zigzag indicator located on top of the price bars, built as a sequence of red trend line, a zigzag oscillator built into the bottom of the graphics in the form of histograms, using the parameters shown below.
Options
. price - meaning the price used in calculating the (closure (maximum + minimum) / 2, etc.)
. use a maximum / minimum - if this option is marked, it will be the maximum and minimum extremes to calculate zigzag branches.
. The minimum price change (%) - Interest, which should move the price to create a new branch.
. Type of construction, color and style - the user defines what will be built as the final oscillator (histogram or line), as well as its color.
. Additional lines at the level of X% - can be held more horizontal lines, at any percentage level. For example, if you choose 10%, a further two lines - one at 10% and one at -10%.
Description
Oscillator offers a zigzag way to consider information provided by zigzag indicator, in another form, and fluctuates around zero. The indicator represents the percentage change in each bar of the current price of the base price of the current branches zigzag indicator. If a zigzag is currently in an upward trend, the oscillator zigzag would be above zero. Similarly, when the indicator is in a zigzag descending trend, zigzag oscillator will be below zero. Manual can be held more horizontal lines, at any percentage level. For example, if the value of additional lines identified in 10%, the lines will be held at 10% and -10%. Usually, additional lines are held at the minimum price change in percentage, it is clear to see when the price reached a minimum required level.
ZZO = 100 * (current - baseline) / baseline
where the basic level - is the starting price of the current branches zigzag indicator.
PerformanceAbove presented daily schedule Real Networks (RNWK). Zigzag indicator located on top of the price bars, built as a sequence of red trend line, a zigzag oscillator built into the bottom of the graphics in the form of histograms, using the parameters shown below.
Options
. price - meaning the price used in calculating the (closure (maximum + minimum) / 2, etc.)
. use a maximum / minimum - if this option is marked, it will be the maximum and minimum extremes to calculate zigzag branches.
. The minimum price change (%) - Interest, which should move the price to create a new branch.
. Type of construction, color and style - the user defines what will be built as the final oscillator (histogram or line), as well as its color.
. Additional lines at the level of X% - can be held more horizontal lines, at any percentage level. For example, if you choose 10%, a further two lines - one at 10% and one at -10%.
DescriptionOscillator offers a zigzag way to consider information provided by zigzag indicator, in another form, and fluctuates around zero. The indicator represents the percentage change in each bar of the current price of the base price of the current branches zigzag indicator. If a zigzag is currently in an upward trend, the oscillator zigzag would be above zero. Similarly, when the indicator is in a zigzag descending trend, zigzag oscillator will be below zero. Manual can be held more horizontal lines, at any percentage level. For example, if the value of additional lines identified in 10%, the lines will be held at 10% and -10%. Usually, additional lines are held at the minimum price change in percentage, it is clear to see when the price reached a minimum required level.
Forex Magazine
based on www.linnsoft.com
based on www.linnsoft.com
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