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ZigZag and Moving Average (ZMA)

PostPosted: Mon Feb 21, 2011 5:34 am
by Alexander.Gettinger
Standard realization of ZigZag is taken for base of the indicator.
From each node is drawn MA with increasing period.
For example:
"A" is a node of ZigZag.
ZMA[A]=Price_close[A],
ZMA[A+1]=(Price_close[A]+Price_close[A+1])/2,
ZMA[A+2]=(Price_close[A]+Price_close[A+1]+Price_close[A+2])/3 and etc.

ZMA.png


Download:
ZMA.lua
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MQ4/MT4 version.
viewtopic.php?f=17&t=3485

The indicator was revised and updated

Re: ZigZag and Moving Average (ZMA)

PostPosted: Fri Feb 17, 2017 10:24 am
by Apprentice
Indicator was revised and updated.