fractal Zigzag indicator
Hello everyone. This indicator is very useful. It tells about highs a lows of a trend. I have attached an image where u can see how it changes direction once trend is changed.
wow. It looks great but I think it will have one drawback like most other indicators of this type have. It may change the highs or lows as a new high or low is formed. So it may assist but I think it is not good to use it alone for entry or exit.
Originally posted by Sashawow. It looks great but I think it will have one drawback like most other indicators of this type have. It may change the highs or lows as a new high or low is formed. So it may assist but I think it is not good to use it alone for entry or exit.
I have same question in my mind. I have seen similar indicators but it is very hard for any indicator to perfectly figure out lows and highs. I have seen other fractal indicators and they also give wrong highs and lows.
The good or ill of a man lies within his own will. – Epictetus
It will happen rarely. This is an improved fractal indicator. Developer is confident that once this indicator decides a low or high, it will change only due to fundamental factor but never due to technical factor. So I think the best time to use it is when there is no important news coming.
Originally posted by JogiIt will happen rarely. This is an improved fractal indicator. Developer is confident that once this indicator decides a low or high, it will change only due to fundamental factor but never due to technical factor. So I think the best time to use it is when there is no important news coming.
Actually technical analysis r of many types. So I think, other than fundamental factor, some technical factors may not agree with this indicator. Because even if technically it is predicting correctly, then it would be a complete system and not just an indicator. Do u think it is that powerful?
Yes. It changes lows and highs once new low and high is formed. But it will change once u refresh it. Actually it is an improved version of fractal indicator. It gives u filtered highs and lows. But relying only on this indicator will be a big mistake.
The good or ill of a man lies within his own will. – Epictetus
hey jogi.... Man I wasnt expecting that u would fall for such small trick. These indicators always change highs and lows as the market changes. You will never see any wrong highs and lows if used on past data. But it will show 90% wrong highs and lows when used on live data.
I am sure u havnt tried fracals before otherwise u would have known it.
Stick to your rules
Hahaha uniquetrader. I dun think he "fell" for it. He has also written that it will change highs and lows but he is of the view that it will happen rarely. Also I dun think he is going to test it directly on a real account :D
Hello, anyone using auto-trading currently?