Hi,

As you know that there are a lot of kinds of ZigZags and ZigZag's strategies. But not all of you know that the ZigZag itself has 2 channels: outside and inside. The outside channel can be used as stop loss levels and as profit targets, the inside channel - as trailing stop and for precise entries.
So please take a look at the advanced MTF UniZigZagChannel_v1.5 which has both channels plus Buy/Sell signals with advanced Box alerts.
Also you can apply 4 methods to build ZigZag by using 3 parameters ReversalValue, RetraceMethod and ATRperiod:

  • periodic (eg. ReversalValue=12, RetraceMethod=0)
  • percent (eg. ReversalValue=0.5, RetraceMethod=1)
  • in pips (eg. ReversalValue=20, RetraceMethod=2)
  • ATR's multiplier (eg. ReversalValue=3, RetraceMethod=3,ATRperiod=50)


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Regards,
Igor