Sunday, September 26, 2021
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SimpleZZ

The indicator draws on the price chart a simple ZigZag, for which you need to specify only the step value. A break point is added when the length of the ZigZag leg (step) is exceeded.

The indicator provides two possible options for specifying the step:

  1. in points
  2. in percentage

The indicator has two input parameters:

  • Step calculation method – step calculation method;
  • Step size – step value.
Fig.1 H4, step in points: 800 points
Fig.2 H4, step in percentage: 50%


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