Hi there,

i'm looking at this formula http://forum.equis.com/forums/thread/9921.aspx, i.e. complete zigzag indicator toolkit.

how can i plot this indicator correctly? and what does it do?

(1) when i insert the whole formula into my indicator builder and open in a new chart window, there are 5 parameters that i need to enter:

(2) say i set min reversal amount as 2, and method based on points, how should i set the criteria for the next 3 parameters?

(3) what is weighted close (wclose) and price variance (pvar)?

(4) what is nth peak/trough?

(5) what is Peaks/Troughs: [1]Values, [2]Signals, [3]ZigZagPeaks/Troughs: [1]Values, [2]Signals, [3]ZigZag

(6) is the output just 2 lines?

Thanks! dbv

Hi ping

thanks for your reply...

hmm interesting

(1) when i select peaks/troughs #3 (zigzag) and plot it on the price chart it produces exactly like this formula i m currently using:

{ High/Low ZigZag v2.0

Copyright © 2004-2008 Jose Silva.
For personal use only.
Not for re-sale or redistribution.
http://www.metastocktools.com }

{ User inputs }
change:=Input("ZigZag minimum reversal amount",.001,100000,5);
method:=Input("Method: [1]$ points, [2]% percent",1,2,2);
choose:=Input("ZigZag based on: [1]Hi/Lo, [2]Close",1,2,1);

{ ZigZag }
diffHi:=H-Ref(H,-1);
diffLo:=Ref(L,-1)-L;
x:=If(diffLo>diffHi,L,H);
zzPts:=
If(choose=1,Zig(x,change,$),Zig(C,change,$));
zzPer:=
If(choose=1,Zig(x,change,%),Zig(C,change,%));
zz:=If(method=1,zzPts,zzPer);

{ Plot on price chart }
zz

However, nth peak/trough value doesn't seem to matter.

If i plot it on a separate window,

(1) if peaks/troughs = signal (#2), then nth peak/trough must be 1

(2) if peaks/troughs = values (#1), then nth peak/trough # will affect the result

I still don't quite get what the indicator is trying to do...