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Oleg Popov  
Francisco Garcia #:

Que marco de tiempo aconsejas?

Gracias

Any timeframe, the main value is "Point" (the price size for each pair should be selected depending on the volatility of this pair on the selected Timeframe).

But in order to better understand the work with the indicator (default settings are 500 points), a pair, for example, AUD USD, timeframe = M5.
Duplicate the last 5 levels of the indicator on the chart. After that, check all these 5 levels on the timeframes M1 and M15, as well as M30 and H1, they match everywhere (i.e. on these timeframes, volatility is within 500 points).
And now let's look at H4 - we see that only 3 levels have coincidences (i.e., on this timeframe, the volatility is above 500 points).
And on D1 it is even worse (i.e. on this timeframe the volatility is much higher than 500 points).

AUDUSDM5

AUDUSDM15

AUDUSDH1

AUDUSDH4

AUDUSDDaily

Francisco Garcia  
Oleg Popov #:

Cualquier período de tiempo, el valor principal es "Punto" (el tamaño del precio para cada par debe seleccionarse según la volatilidad de este par en el período de tiempo seleccionado).

Pero para comprender mejor el trabajo con el indicador (la configuración predeterminada es 500 puntos), un par, por ejemplo, AUD USD, marco de tiempo = M5.
Duplica los últimos 5 niveles del indicador en el gráfico. Después de eso, verifique todos estos 5 niveles en los plazos M1 y M15, así como en M30 y H1, coinciden en todas partes (es decir, en estos plazos, la volatilidad está dentro de los 500 puntos).
Y ahora echemos un vistazo a H4: vemos que solo 3 niveles tienen coincidencias (es decir, en este período de tiempo, la volatilidad está por encima de los 500 puntos).
Y en D1 es aún peor (es decir, en este período de tiempo la volatilidad es mucho mayor que 500 puntos).





Gracias.

Dr Michael Dominic Watson  

Hi,


Which option do I use for "This is used to start" ? When using the ZigZag indictor? Also, what is the Canal option for?


Oleg Popov  

If “This is used to start”= (#6)i_PointZigZag.
For example, how does it work for a sell signal:

1. The senior indicator shows a low trend.

2. The market price (Bid) breaks through the lower level of the reversal of the minor indicator.

We are entering the sale(sell), expecting that the low trend on the senior indicator will continue.


For example, how it works for a buy signal:

1. Senior(750(HS)) the indicator shows a riding trend.

2. The market price (Bid) breaks through the upper level of the reversal of the minor (100(S)) indicator.

We enter the buy, expecting that the riding dynamics on the senior indicator will continue.


Oleg Popov  

If used to start (#7) i_Point ZigZag.
For example, how it works for a sell signal:

1. Senior(750(HS)) the indicator shows a low trend.

2. The last segment of the senior(750(HS)) the indicator looks up.

3. The market price (Bid) breaks through the lower level of the reversal of the minor (100(S)) indicator.

We are entering the sell, expecting that the low trend on the senior indicator will continue.

For example, how it works for a buy signal:

1. Senior(750(HS)) the indicator shows a uptrend.

2. The last segment of the senior(750(HS)) the indicator looks down.

3. The market price (Bid) breaks through the upper level of the reversal of the minor (100(S)) indicator.

We enter the buy, expecting that the uptrend on the senior indicator will continue.

Oleg Popov  

If used to start (#70)_Canal. 

The start of trading occurs at the moment of the breakdown of the reversal level of the "Point Zig Zag" indicator.

If the market turns around and the price breaks through the opposite reversal level of the "Point Zig Zag" indicator, a Canal is created.


Alessandro Furlani  

Hi Oleg, i'm using this very interesting indicator also in my EA but i need some explanation about the repaint.

As obvious any Zig Zag repaint following the price, i need to know after how many bars the PointZigZag consider a level fixed (and put the point) or which is the condition to determine the draw of the line and the start of a new segment.

Thank you

Oleg Popov  
Alessandro Furlani #:

Hi Oleg, i'm using this very interesting indicator also in my EA but i need some explanation about the repaint.

As obvious any Zig Zag repaint following the price, i need to know after how many bars the PointZigZag consider a level fixed (and put the point) or which is the condition to determine the draw of the line and the start of a new segment.

Thank you

Hi Alessandro,
if you showed me a screenshot showing the redrawing of the indicator, it would be easier for me to explain the reason for the redrawing.

Alessandro Furlani  
Oleg Popov #:

Hi Alessandro,
if you showed me a screenshot showing the redrawing of the indicator, it would be easier for me to explain the reason for the redrawing.

It is no possible to show the repaint with a picture, i need to make a video.....Is it really so difficult for you explain at what condition a new line is started to draw ? Please 

Oleg Popov  
Alessandro Furlani #:

It is no possible to show the repaint with a picture, i need to make a video.....Is it really so difficult for you explain at what condition a new line is started to draw ? Please 

Redrawing is possible only on the zero bar if the bar size is larger than the indicator value.
The redrawing depends on the size of the indicator and the timeframe on which the indicator is installed.
Read the comment #2, maybe they will help you.

Alessandro Furlani  
Oleg Popov #:

Redrawing is possible only on the zero bar if the bar size is larger than the indicator value.
The redrawing depends on the size of the indicator and the timeframe on which the indicator is installed.
Read the comment #2, maybe they will help you.

I read all the thread but i found mny info to enter at the market not to exit. Using your indicator, i have found very good strategy to enter at the market following the trend but what i'm searching is a good strategy to exit, both TakeProfit and StopLoss. For the moment i'm setting up the StopLoss as a fixed amount of pips, for TakeProfit i'm working on a mechanism that follow the trend and wait to exit until the ZigZag segment is finished and another one start. The problem i'm facing is that the finish of the new segment move forward so, my TakeProfit hit the first point and is not able to follow the move forward because i haven't found a method to check when a segment is finished and another one is tarted to draw. THat's why i'm asking you to better understand when the indicator works. Could you help me ? I'm sure it's an easy task for who has developed the indicator.

Oleg Popov  
Alessandro Furlani #:

I read all the thread but i found mny info to enter at the market not to exit. Using your indicator, i have found very good strategy to enter at the market following the trend but what i'm searching is a good strategy to exit, both TakeProfit and StopLoss. For the moment i'm setting up the StopLoss as a fixed amount of pips, for TakeProfit i'm working on a mechanism that follow the trend and wait to exit until the ZigZag segment is finished and another one start. The problem i'm facing is that the finish of the new segment move forward so, my TakeProfit hit the first point and is not able to follow the move forward because i haven't found a method to check when a segment is finished and another one is tarted to draw. THat's why i'm asking you to better understand when the indicator works. Could you help me ? I'm sure it's an easy task for who has developed the indicator.

A new zigzag line will be drawn when the price passes a distance equal to the indicator value from the last point of the already drawn line (future extreme).

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