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I've been using ZZ to find S&R levels and having some success. On a Renko chart I've been using 2 bricks to set a secure ZZ level but once in a while it still repaints after the two bricks. I've been trying to figure out a way around this using the ZZ settings but haven't had much luck.
Is there a simple logic on how to break down when ZZ is secure and won't repaint?
Can you help answer these questions from other members on NexusFi?
2. Depending on the platform, zigzags will have different ways of recognizing when a turn has come, and so when the zig or zag is over. Sometimes it may decide a turn has happened, and then subsequent bars may make it change. In any case, it will always be determined after the fact, and the criteria will vary with the platform.
Without knowing the trading platform, it will be hard for anyone to give an informed answer to the question.
Bob.
When one door closes, another opens.
-- Cervantes, Don Quixote
I'm building the strategy on CQG-IC. My other solution is to use a fractal 'type' indicator to find the reversal levels but it's less adaptable than the ZZ was, but so far it seems to be much more reliable. I've got to roll it out to real-time testing to see if it's going to work however.
