Metastock Exploration Formula

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Metastock Indicator Formula

Zig Zag Validity

Formula:

perc:=Input("Percent",2,100,10);
Z:=Zig(C,perc,%);
last:=ValueWhen(1,
( Z > Ref(Z,-1) AND Ref(Z,-1) < Ref(Z,-2) )
OR
( Z < Ref(Z,-1) AND Ref(Z,-1) > Ref(Z,-2) ),
Ref(Z,-1));
pc:=(C-last) * 100 / last;
pc:= Abs(pc);
SD:=(z>Ref(z,-1) AND Ref(z,-1)>Ref(z,-2)) OR (z Ref(z,-1) res:=If(pc>=perc ,1,0);
If(Alert(res,2) AND SD,1,res);

Did you know ...

How can I back-adjust historical price data for futures contracts in MetaStock?

MetaStock provides a back-adjustment feature for futures contracts. To back-adjust historical data, go to the "Tools" or "Preferences" menu, select "Data" or "Futures," and enable the back-adjustment option. MetaStock will handle the back-adjustment automatically.