SebParticipant
Average
Hello,
I want to use the zigzagpoint with ATR as input in a strategy:
ZigZagPoint[2*averagetruerange[200]](close)
If I want to run the backtest I get an error that states that zigzagpoint is not supported.
Is there a way around this/an alternative?
ZigZag, ZigZagPoint, like DPO are not allowed in strategies because they are so-colled REPAINTING indicators, that is, at a later moment they draw in the past to plot the correct signal, which cannot be done live.
It can be useful, at times, for manual trading as you ARE watching the chart and can evaluate what’s happening. Automated strategies cannot.