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"Depth" setting in ZigZag indicator
Posted: Wed Jun 08, 2016 2:37 pm
by sqaguru
What is the purpose of the "Depth" setting for the ZigZag indicator? How does it change the behavior of the indicator? Thanks
Re: "Depth" setting in ZigZag indicator
Posted: Thu Jun 09, 2016 7:38 am
by FX Helper
Hello,
Depth is the minimal amount of bars where there will not be the second maximum (minimum).
Re: "Depth" setting in ZigZag indicator
Posted: Thu Jun 09, 2016 11:15 am
by sqaguru
I'm not sure that I understand that definition. Can you illustrate it? Thanks
Re: "Depth" setting in ZigZag indicator
Posted: Fri Jun 10, 2016 6:44 am
by FX Helper
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.
Re: "Depth" setting in ZigZag indicator
Posted: Wed May 15, 2019 1:03 am
by AcharyaK
I am looking for a zigzag indicator that accepts 3 parameters.
Re: "Depth" setting in ZigZag indicator
Posted: Thu Sep 26, 2019 11:18 am
by Elena1
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