"Depth" setting in ZigZag indicator
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"Depth" setting in ZigZag indicator
What is the purpose of the "Depth" setting for the ZigZag indicator? How does it change the behavior of the indicator? Thanks
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Re: "Depth" setting in ZigZag indicator
Hello,
Depth is the minimal amount of bars where there will not be the second maximum (minimum).
Depth is the minimal amount of bars where there will not be the second maximum (minimum).
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- Posts: 40
- Joined: Wed May 04, 2016 7:52 pm
Re: "Depth" setting in ZigZag indicator
I'm not sure that I understand that definition. Can you illustrate it? Thanks
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Re: "Depth" setting in ZigZag indicator
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.
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.
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Re: "Depth" setting in ZigZag indicator
I am looking for a zigzag indicator that accepts 3 parameters.
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- Joined: Wed Jun 12, 2019 4:37 am
Re: "Depth" setting in ZigZag indicator
Hi!
I can help you to create such a zigzag indicator.
I can also convert indicator/EAs into various formats intended for different platforms, such as MT4/MT5, Forex Tester, Trading View and Ninja Trader, test your EAs or indicators and make changes needed to improve their performance substantially using our advanced backtesting tools and algorithms.
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I can help you to create such a zigzag indicator.
I can also convert indicator/EAs into various formats intended for different platforms, such as MT4/MT5, Forex Tester, Trading View and Ninja Trader, test your EAs or indicators and make changes needed to improve their performance substantially using our advanced backtesting tools and algorithms.
Contact me to make a new step towards automated trading 4xdev.team@gmail.com
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