patternsmart is not responsible for the accuracy or content of any The companiesĪnd services listed on this website are not to be considered a recommendationĪnd it is the reader's responsibility to evaluate any product, service, orĬompany. It's not recommended to use any single indicator as sole evaluation criteria. Purposes only and should not be considered a solicitation to buy or sell aįutures contract or make any other type of investment decision. This website is for educational and informational Please check the screenshots below to get some ideas of how to properly set the inputs.
The fastest way to access your fav inputs is saving it as Templates.ĭeviation percent value 0.01-0.065 is good for Forex in 1 to 5 minutes chart, but it may not work well for stocks or futures. In most case, Stocks have higher percentage change than Forex and Futures. The price percentage change of Stock, Forex and Futures vary widely in the same timeframe.
You can change "bars to load" by following the pic below. The bigger the Deviation value is, the more bars you need to load. In general, 800 bars is good, but it also depends on the ZigZag Deviation value you set. The indicator may not work properly if there was not enough bars on the chart. Please check the images below for a better understanding. If "Use Recent ZigZag" is enabled, the indicator will use the most recent stable ZigZag, otherwise it will use the previous one.
It has all the inputs of Zigzag and two additional inputs for Fibonacci extension, if you checked "Show Extra lines", it will plot the Fibonacci retracement of 0.236, 0.382 and 0.618 above and below the 0% and 100%. It also applies to all adjacent Zigzag points.įor example, if you used a percentage deviation type and set the deviation value to 0.1, the value difference between two adjacent Zigzag points must greater than $0.1. The value of Point is the actual price amount, if you set deviation value to 1, the value difference between each Zigzag point must greater than $1. When you use point as the deviation type, it means that the value difference between two adjacent Zigzag point must be greater than the input point which is the deviation value. It also applies to all adjacent Zigzag points. For example, if you used percentage deviation type and set the deviation value to 0.1, then the value difference between each Zigzag point must greater than 0.1%.
0 kommentar(er)
