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.
This post has been selected as an answer to the original posters question
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.
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).
The following 18 users say Thank You to Fat Tails for this post: