Hello,

We would like to see an indicuator (swing lines/zigzag), with the followig criteria:

1. Swing lines connect either Highs or Lows of individual bars - never Open or Close.
2. If the next bar has a higher high and a higher low (or the same low) when compared to the previous bar, then the swing line goes up connecting the high of the next bar.
3. If the next bar has a lower high (or same high) and a lower low when compared to the previous bar, then the swing line goes down connecting the low of the next bar.
4. If the next bar is an inside bar (lower high and higher low than the previous bar), ignore it and don’t plot a line on it at all – wait for the next bar.
5. If the next br is an outside bar (higher high and lower low), plot a swing line on the high of an outside bar if the following bar (one after the outside bar) has a lower low than the outside bar, OR plot a swing line on the low of an outside bar if the following bar (one after the outside bar) has a higher high than the outside bar.

When I purchased Metastock, I was told that anything could be coded in MS: indicators, back testing systems etc. I hope that to be true.

Thanks

Damien