[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]

Re: ZigZag Formula

PureBytes Links

Trading Reference Links

Using the ZigZag indicator in an indicator is a very bad idea.  Unlike
most other indicators, the ZigZag can revise itself back into the
past.  The last Zig can move and even get absorbed back into the
previous Zag - not a good quality for a trading system indicator to

The ZigZag is very useful for spotting chart patterns in the past -
not much else IMHO.


---waheeb <WAHEEB@xxxxxxxxxxxxxx> wrote:
> I am trying to write an indicator and ZigZag is one of the
components, Does
> any one know the formula for ZigZag?
> I couldn't understand the turning points of this indicator. 
> If I set the reversal amount to be $10, where should it reverse and
do you
> calculate
> it from the previous point, one day before or one day after.
> Thanks in advance
> waheeb

Get your free @yahoo.com address at http://mail.yahoo.com