Nonparametric

Nonparametric Zig Zag, A-la Clyde Lee Patterns – indicator MetaTrader 5

by
Nonparametric Zig Zag, A-la Clyde Lee Patterns
The upward ZigZag segment starts when bullish (rising) patterns for High and Low has appeaed on the current bar. The same is for the downward ZigZag segments. The ZigZag line (ZigZagLineBuffer) is plotted starting from the beginning of the segment up to begining of the opposite segment. The number under the bar indicates the pattern … Read more

Nonparametric Zig Zag, Out of Price Walk – indicator MetaTrader 5

by
Nonparametric Zig Zag, Out of Price Walk
Nonparametric zigzag. The monotonicity condition for the ascending segment of the zigzag: the High of any subsequent bar must not be lower than any Low of the ascending segment. Similarly, for the descending segments of the ZigZag. The ZigZag line (ZigZagLineBuffer) is plotted from the lowest High to the highest Low and vice versa. The … Read more