Average Zigzag Range (AZR)

2021年8月12日

Here is an attempt calculate Average Zigzag Range (AZR). This can be used similar to ATR. Using AZR instead of ATR for trailing stop calculation may yield better outcome in trend trading.

Logic is simple.

• Calculate zigzag based on ZigzagLength
• Calculate distance between each zigzag pivots
  
• Calculate simple moving average of last MALength pivots
  
• Use DoubleMA option to further smooth AZR using a Secondary Moving Average

2021年8月12日

發行說明

Added option to print separate AZR for Zigzag Highs and Lows