ZZFractalsNBars MT4
- Indicatori
- Sergey Lazarenko
- Versione: 1.0
- Attivazioni: 5
The ZigZag works as follows:
On the left part of the chart, it finds a pivot point with the NumderOfBars parameter, which is a bottom.
If the price action draws a top with the NumderOfBars parameter after this bottom, then the ZigZag draws a line from the bottom to the top.
If the price action makes a new deeper Low, without forming a top, then the ZigZag extends the descending line to the new bottom.
If the pivot point with the NumderOfBars parameter on the left side of the chart is a top, the algorithm is calculated inversely.
