equi

Zig Zag 12.7: Equi-Zig and Delta/Volume Shading

This video highlights some exciting new visual presentation options available to the Zig Zag Indicator: Equi-Zig, Delta Shading, and Volume Shading. The Equi-Zig option draws each leg of the Zig Zag in a variable width reflective of the volume of the leg. The Delta and Volume Shading colors each leg with a shade reflective of the magnitude of the delta or volume respectively. With Equi-ZIg, the user may choose the maximum width in pixels; each leg is drawn with a width that is a percentage of that max width.

Equi-Indicator (EquiVolume)

This chart shows an example of the Equi-Indicator with width based on Volume. Note, that in this example, the actual price bars of the chart have been set to Invisible. Although this is the most common use, the Equi-Indicator can do the same for any indicator listed in its preferences window.

Equi-Indicator (EquiVolume)

The Equi-Indicator creates price bars with a width based on the Indicator specified in the preferences. The most common use of the Equi-Indicator is to create bars with their width dectated by the amount of Volume in the bar. Although this is the most common use, the Equi-Indicator can do the same for any indicator listed in its preferences window.