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The % change parameter is used to indicate what the *minimum* movement must be before qualifying as a pivot. Each pivot point will be guaranteed to be at least that percentage above/below the last pivot point. All other lesser swings between the recognized pivots are just noise.
Using a smaller % will result in many more recognized pivots with very little noise in between. Using a larger % will result in fewer recognized pivots with more noise in between.
Mike
--- In amibroker@xxxxxxxxxxxxxxx, "murthysuresh" <money@xxx> wrote:
>
> i am trying to plot the peaks and troughs.
> i could use some help with the zigzag as i am confused with the paramter % change which is defined as a number. any ideas is appreciated.
>
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