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ZigZag - Normalized by Jose Silva

From: tan ming <reminiscenostalgia[at]hotmail.com>
To: equismetastock[at]yahoogroups.com <equismetastock[at]yahoogroups.com>
Date: Sunday, December 3, 2006, 10:34:06 AM
Subject: [EquisMetaStock Group] Zigzag Normalized

Can zigzag be normalized?

Eg all zigzag peaks at 1 and all zigzag tough at 0.

Claro

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From: Jose Silva <josesilva22[at]yahoo.com>
To: equismetastock[at]yahoogroups.com <equismetastock[at]yahoogroups.com>
Date: Sunday, December 3, 2006, 2:35:05 PM
Subject: [EquisMetaStock Group] Re: Zigzag Normalized

ZigZag - Normalized

{ Custom normalized ZigZag indicator
for Claro/Dan/sKy/tan ming.

http://www.metastocktools.com }

{ User inputs }
ch:=Input("Minimum reversal amount",.001,100000,5);
method:=Input("Method: [1]$ points, [2]% percent",1,2,2);
x:=Input("[1]Open [2]High [3]Low [4]Close [5]WClose [6]Pvar",1,6,4);
plot:=Input("ZigZag: [1]Normalized, [2]Real",1,2,1);

{ Select price field }
pr:=If(x=1,O,If(x=2,H,If(x=3,L,If(x=5,WC(),If(x=6,P,C)))));

{ Zig Zag }
zzPts:=Zig(pr,ch,$);
zzPer:=Zig(pr,ch,%);
zz:=If(method=1,zzPts,zzPer);

{ Peak/Trough signals }
pk:=zz=pr AND zz>Ref(zz,-1);
tr:=zz=pr AND zz<Ref(zz,-1);

{ ZigZag normalized }
zzNorm:=(Zig(pk-tr,1,$)+1)/2;

{ Plot normal ZigZag on chart,
normalized ZigZag in own window }
If(plot=1,zzNorm,zz)
ZigZag_Normalized
Source / From: TOP
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