The zigzag trend indicator described by Spyros Raftopoulos in this issue can be easily implemented in NeuroShell Trader using NeuroShell Trader’s ability to call external Dynamic Linked Libraries. Dynamic Linked Libraries may be written in C, C++, Power Basic and Delphi.
We’ve created ZigZagPnts and ZigZag Trend indicators that you can download using the link below.
After downloading the custom indicators, you can insert them by doing the following:
1. Select “New Indicator…” from the Insert menu.
2. Select the Custom Indicator category.
3. Select the ZigZagPnts and ZigZag Trend indicator.
4. Select the parameters as you desire.
5. Select the Finished button.
After downloading the zigzag indicators, you can easily insert them or combine them with any of our 800 built-in indicators into a chart, prediction or trading strategy.
In addition, if you decide to use the zigzag trend indicator in a prediction or trading strategy, the coefficients may be optimized by the Genetic Algorithm built into the NeuroShell Trader Professional or NeuroShell DayTrader Professional. This can provide you with your own custom version of the ZigZagTrend that fits your data best. (Note that as described in the article, the ZigZagPnts indicator should not be used for trading/backtesting.)
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