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.
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