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Zigzag Targets
Here is the formula for the deviation oscillator from William Cringan's "Zigzag Targets" in this issue.

To input a new formula into MetaStock, select Indicator Builder from the Tools menu, select New, and enter the following formula:


Zigzag Targets

x:=Input("number of time periods in average",10,200,40);
x2:=x*2;
pd:=C-Mov(C,x,E);
hpd:=HHV(pd,x2);
lpd:=LLV(pd,x2);
nf:=200/(hpd-lpd);
((pd-lpd)*nf)-100

 

--Scott Brown
Equis International
www.equis.com
Source / From: TOP
http://www.traders.com

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