# Universal ZigZag Channel

This is a discussion on Universal ZigZag Channel within the Trading tools forums, part of the Trading Forum category; Hi, As you know that there are a lot of kinds of ZigZags and ZigZag's strategies. But not all of ...

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1. ## Universal ZigZag Channel

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.
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)

Regards,
Igor

2. Yes, it is interesting kind of zigzag.

3. This is the other screenshot for this indiocator:

I am trying to understand how to use it in trading ...

4. This is percent zigzag:

5. Dear Igor

Is it possible to add Center line in Inside Channel ?
Center line = Inside Channel High + Low/2 (shown in picture)

Thanks

6. Originally Posted by secretcode
Dear Igor

Is it possible to add Center line in Inside Channel ?
Center line = Inside Channel High + Low/2 (shown in picture)

Thanks
Hi secretcode,

Sorry but there is no possibility to plot a middle of the channel because all 8 external buffers are already used.

Regards,
Igor

Hi secretcode,

Sorry but there is no possibility to plot a middle of the channel because all 8 external buffers are already used.

Regards,
Igor
OK, Thanks Igor for kind explanation

Best Regards
secretcode

8. I just want to remind about the other zigzag indicator: Universal ZigZag Semaphore

9. Hi,

Regards,
Igor

10. You can probably use the median of a Donchian channel

Bye

Zilliq

Originally Posted by secretcode
Dear Igor

Is it possible to add Center line in Inside Channel ?
Center line = Inside Channel High + Low/2 (shown in picture)

Thanks

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