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Zig Zag indicator calculation

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    Zig Zag indicator calculation

    Hi,

    I'm trying to use the zig zag indicator in my trading strategy but I do not understand how it is calculated in the ninjatrader. Can you help me to explain how its calculated based on the setting I use below?

    Deviation type: Points
    Deviation value: 0.5

    #2
    Hello neshnix89,

    Thank you for your post.

    From the help guide on ZigZag indicator: Description - The ZigZag indicator highlights trends based on user defined threshold values and helps filtering the noise in price charts, it's not a classical indicator but more a reactive filter showing extreme price points. In processing it's calculations it can update it's current direction and price extreme point based on newly incoming data, the current developing leg should be thought of temporary until a new leg in opposite direction has been set.

    If you are using the ZigZag indicator with a deviation value of 0.5 Points, the ZigZag indicator would look for high or low points based on a 0.5 Point deviation.

    ZigZag Indicator - https://ninjatrader.com/support/help...nt8/zigzag.htm

    More information may be found in this forum post - https://ninjatrader.com/support/foru...-zag-indicator

    Let us know if we may assist further.
    Brandon H.NinjaTrader Customer Service

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