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Zig Zag

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Hello,

I Don’t understand the 3 parameters for the Custom Indicator:ZigZag.

1/ Extdepth

2/ Extdeviation

3/Extbackstep.

Could someone explains what means those 3 parameters.

For others softwares, I use to have 3 parameters (Price field, Reversal Amount and Percent or Point).

Best regards.

[Deleted]
Briefly
  • ExtDepth - The size of the window within significant highs or lows are looked after. That is, a significant high or low must be highest (or lowest) value in the window.
  • ExtDeviation - This parameter is useless. It has no influence on the results. (At least this is what I've found.)
  • ExtBackstep - If a significant high or low is found then the indicator nullifies the previously found high or low respectively within ExtBackstep distance.

Hope it helps
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