07-04-2008, 04:10 PM
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Senior Member
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Join Date: May 2006
Location: In the trading room !
Posts: 764
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Talking about ZigZag :
Show Must Go On, or Once Again about ZigZag - MQL4 Articles
The author claims it's less redrawing at 90 % than normal zigzag, at the end of article :
Quote:
Conclusion
As a result, we've got an indicator with an algorithm that is perhaps obvious, but never used by anyone before, delivered from some disadvantages of standard ZigZag and owning the following advantages:
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nodes are redrawn relatively less frequently, the redrawing being reasonable for both the swing and the previous price movement. At the same time, if they coincide on different TFs, then it is 90-95% probable that no redrawing will occur;
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the possibility of observing everything that happens on three larger TF on a single chart, and, as a result, the possibility discover the main trends without using any additional constructions or tools;
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using for ZigZag calculations any substandard TFs (from M5 to MN1) meeting any taste and need;
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efficiency, high speed of calculations, clear algorithm and code that can be easily corrected and improved.
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Just find it, test in progress 
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Picasso is the best !
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