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ZigZag and Moving Average (ZMA)
Source: https://fxcodebase.com/code/viewtopic.php?f=17&t=3485
Forum: 17 · Topic 3485 · 2 post(s)
ZigZag and Moving Average (ZMA)
Alexander.Gettinger · Mon Feb 21, 2011 5:34 am
Standard realization of ZigZag is taken for base of the indicator. From each node is drawn MA with increasing period. For example: “A” is a node of ZigZag. ZMA[A]=Price_close[A], ZMA[A+1]=(Price_close[A]+Price_close[A+1])/2, ZMA[A+2]=(Price_close[A]+Price_close[A+1]+Price_close[A+2])/3 and etc.
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MQ4/MT4 version. viewtopic.php?f=17&t=3485
The indicator was revised and updated
Re: ZigZag and Moving Average (ZMA)
Apprentice · Fri Feb 17, 2017 10:24 am
Indicator was revised and updated.