• Overview
  • Reviews
  • Comments
  • What's new

ZigZag Wave Medvedev Close

This ZigZag is a follow-up of the ZigZag series based on the efficient model of their formation. The current one is called the Wave because it is generated from more frequent fluctuations of the ZigZag https://www.mql5.com/en/market/product/12438 making it as close as possible to the market uncertainty and allowing the indicator to visualize the hidden fluctuations that are more significant in terms of determining the probable price movements. The indicator is presented in its "pure" form with no support/resistance lines and indicators like Andrews' Pitchfork and Fibonacci levels. Thus, you are able to use the initial ZigZag model and form your own understanding of the market. This ZigZag is formed by Close prices.


Parameters

  • MinBars - amount of calculated bars. The default value is 1 000. 0 - all bars.

Constructive suggestions and feedback are highly appreciated.

No reviews
Version 1.3 - 2016.01.04
Replaced the zero bar recalculation order.
Version 1.2 - 2015.12.23
Changed the parameters.
Version 1.1 - 2015.11.26
Fixed the indicator start algorithm.