zigzag indicator that can plot only highs or lows of each price swing
Does anyone have a zigzag indicator that plots only swing low's or swing high's? The current zigzag indicator in Ninja plots swing highs and lows. I am looking for one that has as an input the "price type". In the "price type" you select either "high" or "low" and the indicator plots only the low or high swings and not the low and then the high and back to low and so on.
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Thanks redratsal. That is helpful. I also got a reply from Ninja on how to set up the zigzag the way I have been searching to do. It works fine now. Here is their message:
The ZigZag indicator does allow you to specify the price type. It is no longer the PriceType option but instead can changed from the Input series option.
To use the Open value to calculate the plot for the ZigZag indicator do the following:
Right-click the chart > select 'Indicators...'.
Select the ZigZag indicator in the active indicators on the left.
If it has not been added, add it by selecting it from the list of indicators above, then click the 'New' button.
In the parameters on the right, under Data, click the value for Input series > next, click the ellipsis '...' button to open the Input Series window.
In this window you will see the data series you have applied to the chart with a plus preceding it. Select the price type here. For example to use the High price select High.
Click OK to close the Input Series window. Click OK to close the Data Series window.
Below is a link to the help guide on Working with Indicators. Please refer to the section 'How to edit an indicator's parameters' should you need a reference. Working with Indicators
My question has been answered. Thanks everyone for your help.
Last edited by rkost; February 14th, 2013 at 12:27 PM.
Reason: My question has been answered