Zig zag indicator

hmp

Well-Known Member
#1
Hi
This is what I found while searching other forums & copied it here for our use.I know there are lot of masters here like amibrokerfan,Ramdas,KelvinHand,shivani,khushi,suktam and others who are helping us and their contribution here is invaluable.Thanks a lot to all of them.
I request all of them pl. go thru the following para and help us in solving this matter.
Pl.remember this is not my article.This goes as follow.

I manually trade very profitably with the ZigZag Indicator.

I want to build an EA to trade for me.

To build this EA, I need to know the direction of the new line, and the exact price at when it first forms.

YES, I know this price will retrace and I want it to repaint (the line get longer).

The EA I will build will open a LIMIT order when the "new line price" is known, and it will take profits from the repainted line's value.

So, can anyone help me with the code that will alert me in some way (on chart is fine) the Bid or Ask price of when the new line FIRST forms.
 
#2
Kindly let me know how you are trading with ZigZag indicator, i am unable to follow the last signal will change when you load next day price and the last signal will changes when you delete one day price.

what i am trying to say is i don't know what to do next day?
 

amitrandive

Well-Known Member
#3
Hi
This is what I found while searching other forums & copied it here for our use.I know there are lot of masters here like amibrokerfan,Ramdas,KelvinHand,shivani,khushi,suktam and others who are helping us and their contribution here is invaluable.Thanks a lot to all of them.
I request all of them pl. go thru the following para and help us in solving this matter.
Pl.remember this is not my article.This goes as follow.

I manually trade very profitably with the ZigZag Indicator.

I want to build an EA to trade for me.

To build this EA, I need to know the direction of the new line, and the exact price at when it first forms.

YES, I know this price will retrace and I want it to repaint (the line get longer).

The EA I will build will open a LIMIT order when the "new line price" is known, and it will take profits from the repainted line's value.

So, can anyone help me with the code that will alert me in some way (on chart is fine) the Bid or Ask price of when the new line FIRST forms.
Hi

A Zig-zag indicator looks to the future.Sometimes the signal repaints and sometimes , a signal appears after many number of bars.Kindly elaborate how you use this manually:confused::confused::confused:
 

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