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This script is for
MetaTrader 4
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Name:
Ma Cross Based Zig Zag NRP
Author: zzuegg (2011.01.13 09:33)
Rating: 10
Downloaded: 12315
Download:
 MaBased-ZigZag.mq4 (3.3 Kb) View

Description:

Hello fellow traders.

I have to admit i am addicted to zigzag indicators in the last time. But it was always hard to develop a system based on zigzag because of the repainting. So i developed this MaCross Based ZigZag. I have never seen a similar way of creating ZZ's so it may interest somebody. May be a bit late for counter trend Zag's but for trendfollwing Zig's it seems to be fast.

In addition to allow some kind of visual backtesting the indicator draws dot's when the ZigZag indicator get's updatet. Trough this also iterating backwards to find the ZZ value is not necessary since the dot's are drawn at the same price.

Red dot means new upper peak

Blue dot means new lower peak

Of course are the MA's fully adjustable..

//edit:

found a bug attached is the corrected version.

Image:


3 comments  To post a new comment, please log in or register
Thanks, very much! A great Idea!
24.12.2012 12:41 hoz

GREAT JOB!!

I like this indicator it is a masterpiece i have tried many time to adjust my zig zag settings without success, at last God has use you to show me what i have been looking for, for more than two years now. I will be greatful if you will be my mento and friend. thanks for your good heart for reliezing this great soft ware especialy for me!

please i would like to have your contacts to chat with you.

Thanks From Auscar

19.03.2011 10:40 auscar
18.01.2011 00:26 zzuegg