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ZigZag deviation type

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    ZigZag deviation type

    Hello, NT experts,

    The ZigZag deviation type has 2 options: points and percentage. I would like to know the exact definitions of points and percentage.

    Now I assume the following: if the prior ZigZag is a swing high, then the percentage is the (ZigZag_Immediate_prior_HighBar_price - current_price)/ZigZag_Immediate_prior_HighBar_price. If this percentage is greater than the input value, then ZigZag is ready to find the next ZigZag low.

    Let me know if that makes sense.

    #2
    binwang2,

    The DeviationTypes are used when determining if you are over the high/low deviations. That information is then used to determine whether or not to set a new high/low or not.

    bool isOverHighDeviation = (deviationType == DeviationType.Percent && IsPriceGreater(highSeries[1], (lastSwingPrice * (1.0 + deviationValue * 0.01))))
    || (deviationType == DeviationType.Points && IsPriceGreater(highSeries[1], lastSwingPrice + deviationValue));
    Josh P.NinjaTrader Customer Service

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