I am trying to use the Zig function with a Change param based on the asset's volatility. However, vol changes as time goes by, so can I use for Change a variable that changes over time?
If so, when does the Zig function use the value of the variable? Right afer a peak/through? Example: Using Array = close, let's assume Bar #1 is a trough and based on the volatility calculations, Change = 5% on that bar. (If 5% were fixed, Zig would search for a 5% drop on Close to find the next peak.) However, on bar #8, vol has dropped and Change now equals only 3%. Will the next peak be found at a 5% or 3% drop?
