Zig Zag Fibonacci Retracement indicator

markgreen1969

Hi,
I'm looking at adding the Zig Zag Fib Retracement indicator you have to my cBot as a filter, but it is drawing incorrectly.

When considering opening positions between 38.2 - 61.8% with a SL around 82% (as I am), the cBot wont recognise that its drawn incorrectly and may well allow a trade in the wrong direction.

What should happen - a run should run from Fib Ret point A (100) through to point B (0), the pullback should pullback from 0 through 38.2, 50 to 61.8 in that order.

Yours is in reverse - take a look at the image - yours is in red, cTraders is in white...

Thanks

markgreen1969

Here is the link to the indicator:

https://clickalgo.com/zig-zag-fibonacci-indicator

Mike

This looks like a bug, we will investigate.

Update

Found the problem, and will publish an update in a few days.

Mike

FIXED

This product has now been fixed and you can download the update from your ClickAlgo product downloads.

markgreen1969

Not very important but you have spelled Fibonacci wrong...

Mike

thanks for the feedback, this has been corrected and published.