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Indicators: Channel ZZ

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MetaQuotes Software Corp.
Moderator
189350
MetaQuotes Software Corp.  

Channel ZZ:

A brand-new version of Channel ZZ indicator

Author: Андрей

Karlis Balcers
7387
Karlis Balcers  

Thank you!

Profitful year 2010!

FXIA
75
FXIA  

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.

Комбинатор
16626
Комбинатор  
FXIA:

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.

MQL4 Comments
16316
MQL4 Comments  

hello

what this numbers represents?

Комбинатор
16626
Комбинатор  
mmmmmm:

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).

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