ZigZag of Orlov Indicator
Topic: ZigZag of Orlov Indicator
It is the Zigzag with a simple, clear and natural principle of work . It shows impulses and corrections which are important to you . Zigzag doesn't redraws since it only draws the impulses which are already exist .
Options and work principle:
extern double MinRatio=0.33;
It means the relation of a new impulse to previous to which the Zigzag will react. I.e. the new line will be constructed only if current impulse is not less than 0.33 of previous.
0.5 - not less than half
0.75 - not less than three quarters etc.