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ZigZag indi which dynamically adjusts to volatility
I am looking for a ZigZag indicator (NinjaTrader) which dynamically adjusts to volatility. Perhaps ATR or similar. I can't exactly describe what i try to accomplish - i want to play with the values to get a visual approximation to a third party indicator.
Thanks Koepisch
Can you help answer these questions from other members on NexusFi?
Here you go. Attached is a simplified version of the NinjaTrader Zigzag indicator, which automatically adjusts to volatility.
You can apply it to any instrument and any timeframe, the legs of the Zigzag indicator will autoadjust to the bar size. This is achieved by calculating the miminum deviation as a multiple of the average true range instead of using a percentage or a fixed value.
(<-- this should be the german standard for saying "thank you")