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Still looking for the zig zag formula & how it is created in MetaStock.
Thanks for the suggestion on zig zag validity, but this indicator is not
what I am looking for. Zig zag validity uses MetaStocks zig function.
Instead, I am looking to see how MetaStock mathematically calculates the zig
zag. I would like to know how MetaStock is able to create a linear line
that zigs & zags with the percent switch points. The simple indicator that
I created works great for 1 linear line from point A to point B, but when it
comes to having it switched at predefined percentage points, i'm lost.
Searching Stocks and Commodities magazine archives, I came across the 10%
Swing Filter which is the basic idea of the zig zag. It can be found in the
February 1997 issue. The formula is written in a spreadsheet manner. It
works, but I cannot see how it can be implemented into the MetaStock
language to draw linear lines.
Thanks,
Steve
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