ZigZag indicator

[Luis Felipe]

Very nice post. Thanks for this info.

 

[Mairaj khan]

How can we use. Can you please post some screenshots?

 

[impulsedj]

zig zag je celkom dobry indokator casto ho vyuzivam

 

[thilini]

i will test it.thanks for share

 

[juan96]

Have you used it? Is it use for scalping, swing, intra-day, or day trading?

 

[thrry]

The zigzag indicator is used to measure primary price movements that occur in the direction of the primary trend. Primary price movements do not recover a portion of the previous movement, and pass by the previous correction low or high. Most analysts who use the Fibonacci sequence and Elliott wave, design the length of the reduction or increase, multiplying by a certain ratio of the previous recovery.

Thanks. It works on 20/20 hindsight doesn't it? Still good to show what a perfect (unrealistic) indicator could do. Or what maximum result you could (not) reach.