Zig Zag with its channel - indicator for MetaTrader 4

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Uploaded: 30.03.2009
Content: zigzag_ws_chanel.rar (1,57 kB)


Zig Zag channel with its indicator for MetaTrader 4, can help visually identify certain price patterns.

The standard Zig Zag added drawing "boundaries" of the channel. Lines connect all the top, and all the lower peaks.

Depth - the minimum number of bars, on which there will be a second maximum (minimum) less (more) Deviation in the pips than the previous one, that is, ZigZag can always diverge and converge (move or entirely) by more than Deviation, ZigZag can only after Depth bars. Backstep is the minimum number of bars between the maximum (minimum)

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