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This library is for
MetaTrader 4
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and Trade on the Go!

and Trade on the Go!

Name:
Channel ZZ [ ru ]
Author: TheXpert (2009.12.31 16:06)
Downloaded: 6031
Download:
 Channel ZZ_v2_en.mq4 (9.8 Kb) View


A brand-new version of the old indicator

Now it has more speed and functionality.

Merry Christmas and happy New Year!

5 comments  To post a new comment, please log in or register
mmmmmm wrote:

hello

what this numbers represents?

It also displays some statistics - the ratio between the length of the section and that of the previous one, the length of the section (by length we mean the height in points from the lowest to the highest point).

03.02.2010 13:46 TheXpert

hello

what this numbers represents?

01.02.2010 12:02 mmmmmm
FXIA wrote:

Channel Zig Zag indicator, but how or why does it form a channel surrounding the ZZ lines?

Not Zig Zag makes the channel but the channel processing makes Zig Zag. Have you tried to run it and to observe its behavior live? Or at least in visual mode?

Are they projected areas where price may go?

No, it's just a channel, but this channel is formed by price.

How may a ZZ indicator be used for a trade method or system when it repaints, people say repainting indicators can be used safely but never offer a way to show this with real trades or simulated.

Only the recent extremum repaints.


11.01.2010 11:55 TheXpert

Channel Zig Zag indicator, but how or why does it form a channel surrounding the ZZ lines? Are they projected areas where price may go? How may a ZZ indicator be used for a trade method or system when it repaints, people say repainting indicators can be used safely but never offer a way to show this with real trades or simulated.


11.01.2010 04:31 FXIA

Thank you!

Profitful year 2010!

01.01.2010 01:43 tsaktuo