PRT ZigZag Settings on 5MIN and 15MIN

• 02/22/2018 at 4:26 PM #63545
  Toto le Heros

  Hi,

  Am trying to get the “waves” with the ZigZag on my graph in order to read the trend easier. (I know ZigZag is repainting, and that’s ok for me)

  Basically I am looking for “higher highs” and “higher lows” to say “uptrend” ; and for “lower lows” and “lower highs” to say “downtrend”.

  I use this as a filter to trade then only in the direction of the trend, if any trend (I try to enter when stochastic is extreme).

  My timeframes are 5 min and 15 min (trading in 5 minutes with confirmation of the trend on the 15 minutes). I trade main pairs and indexes.

   

  I use the following parameters on PRT ZigZag : 0.13% ( 5min) and 0.20% (15min). But I am not fully convinced about those settings.

  If somebody here uses a quite similar simple apoproach to trade, I would be happy to read his ZigZag settings OR if not ZigZag the tool(s) he is using to “read” the waves.

  Many TX in advance;

  

  Toto le Heros

  Participant

  Topics: 52

  Replies: 96

  Been thanked: 10 times
  06/04/2018 at 11:21 AM #72196
  Jan

  Hallo Toto le Heros,

  not sure if it helps you, but have you already seen the code Nicolas uses in his adjusted ZIG ZAG indicator ?  https://www.prorealcode.com/prorealtime-indicators/zigzag-average/

  The Zig Zag indicator uses by default the Close.

  For higher highs of ZIG ZAG you could add the code  peak = ZigZag[Percentage](high) and for lower Lows the trough = ZigZag[Percentage](low)  and let them be returned in the graph, as additional ZIG ZAG lines.

  Kind regards,

  Jan

  

  Jan

  Participant

  Topics: 10

  Replies: 90

  Been thanked: 29 times
  06/04/2018 at 12:49 PM #72208
  Toto le Heros

  Thanks Jan Wind, I will have a look at that.

  

  Toto le Heros

  Participant

  Topics: 52

  Replies: 96

  Been thanked: 10 times
• Author
  Posts