"Depth" setting in ZigZag indicator

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sqaguru
Posts: 40
Joined: Wed May 04, 2016 7:52 pm

"Depth" setting in ZigZag indicator

#1 Postby sqaguru » Wed Jun 08, 2016 2:37 pm

What is the purpose of the "Depth" setting for the ZigZag indicator? How does it change the behavior of the indicator? Thanks

FX Helper
Posts: 1382
Joined: Mon Apr 01, 2013 3:55 am

Re: "Depth" setting in ZigZag indicator

#2 Postby FX Helper » Thu Jun 09, 2016 7:38 am

Hello,

Depth is the minimal amount of bars where there will not be the second maximum (minimum).

sqaguru
Posts: 40
Joined: Wed May 04, 2016 7:52 pm

Re: "Depth" setting in ZigZag indicator

#3 Postby sqaguru » Thu Jun 09, 2016 11:15 am

I'm not sure that I understand that definition. Can you illustrate it? Thanks

FX Helper
Posts: 1382
Joined: Mon Apr 01, 2013 3:55 am

Re: "Depth" setting in ZigZag indicator

#4 Postby FX Helper » Fri Jun 10, 2016 6:44 am

That's what I've got from a MQL4 forum:

Depth is the minimal amount of bars where there will not be the second maximum (minimum) Deviation pips higher or lower than the previous one. I.e., ZigZag can always diverge, but it can converge (or completely draw together) more than at the Deviation value only after Depth bars.

AcharyaK
Posts: 1
Joined: Wed May 15, 2019 1:00 am

Re: "Depth" setting in ZigZag indicator

#5 Postby AcharyaK » Wed May 15, 2019 1:03 am

I am looking for a zigzag indicator that accepts 3 parameters.

Elena1
Posts: 18
Joined: Wed Jun 12, 2019 4:37 am

Re: "Depth" setting in ZigZag indicator

#6 Postby Elena1 » Thu Sep 26, 2019 11:18 am

Hi!

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