ZigZag ind not work?

Questions about MultiCharts .NET and user contributed studies.
maxzhi
Posts: 10
Joined: 10 Aug 2017

ZigZag ind not work?

Postby maxzhi » 13 Mar 2019

Hey. I add the ZigZag_pcnt or ZigZag_pnts indicator to the chart, but nothing is displayed on the chart. I tried different timeframe and indicator settings. Why?

regards,

User avatar
Svetlana MultiCharts
Posts: 211
Joined: 19 Oct 2017
Has thanked: 1 time
Been thanked: 52 times

Re: ZigZag ind not work?

Postby Svetlana MultiCharts » 19 Mar 2019

Hello, maxzhi,

It is required to find the correct RetracePct input for each symbol. By default, the input value is quite big.
Usually the suitable value is from 0 to 1.

maxzhi
Posts: 10
Joined: 10 Aug 2017

Re: ZigZag ind not work?

Postby maxzhi » 19 Mar 2019

Hello, maxzhi,

It is required to find the correct RetracePct input for each symbol. By default, the input value is quite big.
Usually the suitable value is from 0 to 1.
RetracePct is mean the number of bars? For example, if the last leg was down and we're looking for a new up leg on a 9-Bar Zig Zag(RetracePct=9), the high must make a higher high that previous 9 bars in order to confirm an up leg.

Regards,

User avatar
Svetlana MultiCharts
Posts: 211
Joined: 19 Oct 2017
Has thanked: 1 time
Been thanked: 52 times

Re: ZigZag ind not work?

Postby Svetlana MultiCharts » 20 Mar 2019

maxzhi,

RetracePct - minimum percentage difference between swing points to plot.

maxzhi
Posts: 10
Joined: 10 Aug 2017

Re: ZigZag ind not work?

Postby maxzhi » 20 Mar 2019

maxzhi,

RetracePct - minimum percentage difference between swing points to plot.
Thank you Svetlana,
is there a ZigZag indicator in which the leg is calculated based on a high / low 1 bar ( or n-bars)?
regards,

User avatar
Svetlana MultiCharts
Posts: 211
Joined: 19 Oct 2017
Has thanked: 1 time
Been thanked: 52 times

Re: ZigZag ind not work?

Postby Svetlana MultiCharts » 02 Apr 2019

maxzhi,

There isn’t such an indicator in the list of pre-built studies. You can modify the code by your own, or search for the required indicator in the Internet and import it in MultiCharts:
https://www.multicharts.com/trading-sof ... ng_Studies


Return to “MultiCharts .NET”