ZigZag Oscillator
Posted: Fri Apr 28, 2017 3:36 am
LUA Original: viewtopic.php?f=17&t=10714
Description:
This indicator calculates the ZigZag values but the result is displayed in a subwindow as an oscillator, having the difference between price and the last ZZ point.
Formula goes as follows:
ZigZag_osc=100*(Price-Base)/Base, where
Base - the starting price of the current branches zigzag indicator.