Support Board
Date/Time: Sat, 23 Nov 2024 21:25:13 +0000
Post From: zigzag not working accurately
| [2013-08-06 23:12:19] |
| George - Posts: 60 |
|
Don't I only use Calculation mode 2 or 3, not 1. I know you are very busy and you do a great job constantly updating and improving this platform. The Technical Studies Reference states that the minimum retracement amount must be exceeded. To compare the Zigzag with the Point and Figure, The P&F turns exactly, everytime at the reversal amount, it does not need to be exceeded and the ZZ needs to have the minimum retracement amount by exceeded by 1 tick. So, if you are using a 1 tick chart and the main graph is a P&F chart and you apply the ZZ study to the P&F, you set the ZZ reversal amount at 1 tick less than the P&F reversal amount, and they should turn at the exact same price everytime, and they do. But if you make a separate 1 tick chart with the ZZ set at minimum retracement amount 1 tick less than the reversal amount of a separate 1 tick P&f chart, they do not always turn at the same time. Whenever you find the time to look into this it will be greatly appreciated. |