eDoubleZigZag EA is based on “ZigZag” indicator
EA opens long/short positions based on the analysis of two legs of the last top of older zigzag and number of tops of younger zigzag. Position is opened on the basis of encounter alert.
By default, older zigzag is the indicator with following values:
Indicator's parameters for a younger zigzag are:
Calculation is held once per day.
k - number of tops of younger zigzag rate expressed in legs of the older one;
k2 – price difference ration expressed in tops of the older zigzag;
h – calculation hour.