interesting variation of zig zag
Do you have mq.4?
No I don't
I'm wondering if theres an MACD-Zigzag indicator made available? its basically an macd with Zigzag lines indicating the MACD's peaks and lows. i appreciate somebody shares it. Thank you
ZigZag of MACD ...
Here is a regular ZigZag in which price is replaced with macd values (it does what you ar looking for)
Once again thank you very much for sharing.
I notice that Macd has a better way of showing the peaks and lows unlike in charts where the classical zigzag seems to redraw every time a new record has been surpassed from previous bars. hopefully this indicator may indicate it better most especially convergence and divergence. i got this idea from one of your indicators (i think) which is the Rsi channel that has Zigzag feature.
And this version too
ZigZag with patterns and values
what if there is divergency, I hope you can give a mark in zig zag.......