zigzag clarification - Trading Software

zigzag clarification

srishail
2010-08-17 14:16:27

Guru in zigzag indicator i want to plot formula for zigzag 10. zigzag 20 ,like 44, 100 ,and 200 for all these periods .my quetion is i want to screen those scripts in which
all zigzag periods come in same line like what i showed in the earlier image

QuantShare
2010-08-18 10:16:00

Best Answer

Here is the formula:
max(absolute(zigzag(close, 44) - zigzag(close, 10)), max(absolute(zigzag(close, 10) - zigzag(close, 20)), max(absolute(zigzag(close, 20) - zigzag(close, 100)), absolute(zigzag(close, 100) - zigzag(close, 200))))) < 0.3

Please note that the zigzag function uses future bars and it should not be used in backtesting.

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