fxcodebase-backup
ZigZag Moving Average
Source: https://fxcodebase.com/code/viewtopic.php?f=38&t=64528
Forum: 38 · Topic 64528 · 1 post(s)
ZigZag Moving Average
Apprentice · Thu Mar 16, 2017 1:00 pm
LUA Original: viewtopic.php?f=17&t=3485
Description:
MT4 version of the LUA original ZigZag Moving Average.
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.
Note: The ZigZag.mq4 indicator is called within the code so make sure you have it installed in the indicators folder.