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Will it work with the non-NET version of Sierra? A year ago or so when this version became available I switched to it, they said the .NET version would be gone by the end of last year and they are a bit late with that... I've had a lot of problems with the spreadsheet stuff in my version.
It seems FT is counting the smaller rotations inside his 2.5/3pt higher rotations.
For those that use the zigzag you could plot 2 different zigzags. One for the higher rotation and the other for the smaller.
Funny, I use similar histogram but is for the volume. Nice way to see divergences.
Never looked at it as a way to mark each lower rotation inside the higher one, but then again, I already can see that looking at the chart and how many smaller rotations are inside the higher one and their length.
For me the smaller rotation are great for trailing stops.
If I become half a percent smarter each year, I'll be a genius by the time I die
If spreadsheets don't work in the non .NET version I doubt this will work.
without actually having any knowledge of code I have no idea how to reference the ZIGZAG high and low values. Though I have used a similar concept for a while, I just measure swings in relation to average price, I find it removes a lot of the noise from while leaving most of the relevant info. This can be achieved with just the "subgraphs difference" study.
Hopefully someone with more experience with custom studies can chime in.
Look at the price panel, where the zigzag is plotting. Above the zigzag is the +/- difference between swings. That value matches the panel 2 histogram.
The histogram panel is plotting bar-by-bar the difference between swing levels.