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Date/Time: Sun, 24 Nov 2024 15:36:13 +0000



Post From: Measuring retracements (ZIG ZAG)

[2013-11-05 20:57:34]
kona808 - Posts: 12
Hi,

Have scanned through the studies in SC, I was wondering if there is any way of quickly (automatically) displaying the retracements on the chart.

For example, using the Zig Zag study but instead of displaying down leg distances, display the percentage retracement of previous leg. So if price moves up, then retraces half of that value, a "50%" is displayed.

Condition would be that price does not retrace more than 100% of the previous up leg (as this would start a new down leg)