ZZ based only on pips | Forex Factory

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ZZ based only on pips

  • #1
  • First Post: Edited 2:25pm Feb 19, 2017 1:50pm | Edited 2:25pm
I am looking for a ZZ that starts a retracement leg, only after price has retraced a minimum amount of pips (user input; variable).

Does anyone have one that does only this and is not based upon anything other than price limits?
Attached Image (click to enlarge)
Click to Enlarge Name: ZZ pips min up.png Size: 83 KB
Attached Image (click to enlarge)
Click to Enlarge Name: ZZ pips min up2.png Size: 64 KB
  • #2
  • Feb 20, 2017 11:28am Feb 20, 2017 11:28am
Nobody has one or can point in the right direction? Internet search has been unsuccessful.
  • #3
  • Feb 20, 2017 11:38am Feb 20, 2017 11:38am
Maybe this search will help you out > zigxpips close_nmc.mq4
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  • #4
  • Feb 20, 2017 12:07pm Feb 20, 2017 12:07pm
Quoting Js3mwtRc
Maybe this search will help you out > zigxpips close_nmc.mq4
Thank you!

works very nice.
  • #5
  • Sep 10, 2017 11:30pm Sep 10, 2017 11:30pm
Quoting Dt3
I am looking for a ZZ that starts a retracement leg, only after price has retraced a minimum amount of pips (user input; variable). Does anyone have one that does only this and is not based upon anything other than price limits?{image}{image}
Did you ever find what you were hunting for ? I wouldn't mind experimenting with the same thing.
  • #6
  • Sep 20, 2017 3:37pm Sep 20, 2017 3:37pm
Quoting ShuffleKing
{quote} Did you ever find what you were hunting for ? I wouldn't mind experimenting with the same thing.
zigxpips close_nmc.mq4 is the closest to what I was looking for but there can be a good distance from close to high or low. Also, it is a resource hog.
  • #7
  • Sep 20, 2017 3:46pm Sep 20, 2017 3:46pm
ZigZag is never going to be a predictive signal on its own and it will always repaint, as it should. ZZ is one of those indicators you use to give you clues to price-action by evaluating the areas that price rejected in the past or can also be used to make derivative indicators like auto-fibo. So if you're looking to turn ZZ into a super non-repainting predictive indicator you're gonna have a bad time.
  • #8
  • Sep 22, 2017 5:17am Sep 22, 2017 5:17am
Quoting Dt3
{quote} zigxpips close_nmc.mq4 is the closest to what I was looking for but there can be a good distance from close to high or low. Also, it is a resource hog.

Found these in the " something interesting " thread. Could be pretty useful. I'm gonna test them out for a bit to see how I like them myself. Hope they help
Attached File(s)
File Type: ex4 MathTrader7_LegVolumeIN.ex4   42 KB | 316 downloads
File Type: mq4 AllVolumeAverage_v2 600+_2.mq4   26 KB | 292 downloads
  • #9
  • Sep 26, 2017 7:44am Sep 26, 2017 7:44am
Quoting Nicholishen
ZigZag is never going to be a predictive signal on its own and it will always repaint, as it should. ZZ is one of those indicators you use to give you clues to price-action by evaluating the areas that price rejected in the past or can also be used to make derivative indicators like auto-fibo. So if you're looking to turn ZZ into a super non-repainting predictive indicator you're gonna have a bad time.
Thanks for the info, but that's not why I asked for it.
  • #10
  • Sep 26, 2017 11:47pm Sep 26, 2017 11:47pm
Quoting Dt3
{quote} Thanks for the info, but that's not why I asked for it.
My apologies for not understanding your request... Here is a test to create a new leg after n points.
Attached File(s)
File Type: mq4 NewLegZigZag.mq4   3 KB | 301 downloads
  • #11
  • Last Post: Sep 27, 2017 6:34am Sep 27, 2017 6:34am
Quoting Nicholishen
{quote} My apologies for not understanding your request... Here is a test to create a new leg after n points. {file}
I want to find out the frequency of V line moves based on the user input of bars/minutes. As well as frequency of tops and bottom?
Can that be done by this indicator?
Thank you.
Attached Image (click to enlarge)
Click to Enlarge Name: V lines projector.png Size: 94 KB
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