ZigZag is NOT ZigZag!

MKFXTrader · Post by **MKFXTrader** » Fri Aug 01, 2014 8:22 am

Big Be » Fri Aug 01, 2014 9:04 am wrote:I got a couple surprises - good ones. The channel indi is actually a competently written indi. By "Coders Guru" explains why. And the change you wanted turned out to be one of the easiest I have been asked for. So here you are.

I don't know how you are using it (I would like to see). I would set ExtBackstep to 1 and suggest trying ExtDepth at 18 and up to see what works best. Set ExtDeviation per what I wrote above.
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Thank you so much Big Be.

I'm using the recommended setting for SD from second post. Just to confirm it is for 5 digit broker. 5.0 not .5 for SD. Default was set at .5 when I first downloaded it from your 1st page..

I'm currently using:

ExtDepth: 12
ExtDeviation : 5.0
ExtBackstep : 3

on the 4hr TF.

Post by **Big Be** » Fri Aug 01, 2014 8:33 am

I changed the Object names very slightly so that the old and new can be compared on the same chart. Or the two Corrected versions of Channels can be compared on the same chart to find best settings. Change colors in one to tell them apart.

Latest version is on page 7.
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Post by **fxozgirl** » Fri Aug 01, 2014 8:35 am

MKFXTrader » Fri Aug 01, 2014 7:37 am wrote:
fxozgirl » Thu Jul 31, 2014 9:35 pm wrote:
MKFXTrader » Fri Aug 01, 2014 5:47 am wrote:Big Be,
Any help with request please?

MKFXTrader, this last post on this thread (before yours yesterday) was in 2012. I have not seen BigBe around the forum for some time, so no point getting frustrated, it is not likely you are going to get a response from him.

Perhaps try sending him a private message, he may respond in this manner.
Thank you. I did not even notice to look.

Hi MKFX, I see you managed to get in contact with Big Be

Big Be...welcome back and thanks for some more great work

MKFXTrader · Post by **MKFXTrader** » Fri Aug 01, 2014 8:39 am

Big Be » Fri Aug 01, 2014 9:33 am wrote:I changed the Object names very slightly so that the old and new can be compared on the same chart. Or the two Corrected versions of Channels can be compared on the same chart to find best settings. Change colors in one to tell them apart.
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The only thing that I wish could be improved is on some instances a horizontal break should draw and trigger an alert instead of a TL that goes nowhere. You should never draw a TL on a lower low to lower low or HH to HH. I attach a chart for your review. You can see the blue horizontal line is dawn perfect. The red one should just be a horizontal line of that HL where I have the arrow. Same thing would be done for uptrend. Hope it's understandable. This is GOLD chart on 15min TF for example only. Is that something that can be easily fixed? Much would be greatly appreciated.

Post by **Big Be** » Fri Aug 01, 2014 8:42 am

MKFXTrader,
You need to interpolate between the values I gave for other timeframes. For H4 go between 5 and 30, try 10 to 15.

MKFXTrader · Post by **MKFXTrader** » Fri Aug 01, 2014 8:44 am

fxozgirl » Fri Aug 01, 2014 9:35 am wrote:
MKFXTrader » Fri Aug 01, 2014 7:37 am wrote:
fxozgirl » Thu Jul 31, 2014 9:35 pm wrote:
MKFXTrader » Fri Aug 01, 2014 5:47 am wrote:Big Be,
Any help with request please?

MKFXTrader, this last post on this thread (before yours yesterday) was in 2012. I have not seen BigBe around the forum for some time, so no point getting frustrated, it is not likely you are going to get a response from him.

Perhaps try sending him a private message, he may respond in this manner.
Thank you. I did not even notice to look.
Hi MKFX, I see you managed to get in contact with Big Be

Big Be...welcome back and thanks for some more great work

Post by **Big Be** » Fri Aug 01, 2014 8:51 am

Thank you fxozgirl and MKFXTrader.

MKFXTrader · Post by **MKFXTrader** » Fri Aug 01, 2014 8:52 am

Big Be » Fri Aug 01, 2014 9:42 am wrote:MKFXTrader,
You need to interpolate between the values I gave for other timeframes. For H4 try between 5 and 30, try 10 to 15.

I'll try and play around with the other settings over the weekend. Using this on the 4hr Tf filters out a lot of noise. Hopefully you can write the request above. That would be so awesome. Love your work Big Be.

Post by **Big Be** » Fri Aug 01, 2014 8:54 am

MKFXTrader,
I don't quite get it. Pretend I am a school kid and make it real clear to me.
Thanks,

MKFXTrader · Post by **MKFXTrader** » Fri Aug 01, 2014 9:02 am

Big Be » Fri Aug 01, 2014 9:54 am wrote:MKFXTrader,
I don't quite get it. Pretend I am a school kid and make it real clear to me.
Thanks,

Ok. If you see the chart I attached, where the beginning of the LL, it should not draw down to the lower low because once a zigzag line is created on that upmove(small retrace) the TL should be a horizontal at the first point of that low where I have the arrow. Once price breaks the horizontal, you receive the alert. TL is never drawn the way it is drawn displayed by the red TL. Hope it makes a little sense because my English is not so good. I attach another chart