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Indicators: ZigZag on Parabolic

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Automated-Trading 2011.10.31 17:15 

ZigZag on Parabolic:

This indicator builds ZigZag based on the Parabolic SAR indicator. This is an advanced ZigZag version marking extreme values on a chart with less lag.

The standard ZigZag looks for a new extreme value following the price percent deviation from a previous extreme value. This new indicator keeps track of a price crossing with Parabolic SAR.

Author: Nikolay Kositsin

ZigZag on Parabolic

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