DislikedThinking further... the idea I had earlier to see if there is any "magical dance" between the (say) M15 Zigzag and M5 ZZ and whether a confluence or a crossover between the two give more directional bias. I think it does (visually speaking an inspecting some volume related stuff that comes standard with Sierra as part of this indicator. BUT, it tried to enable a simple crossover strategy between the two ZZs and the algo (delivered with Sierra) gets confused on tick chart. it is opening trades randomly and only at the start of the next tick once...Ignored
for profitable trades > it enters late, produces immediate drawdown but eventually goes into a long running profit
for losing trades > it enters early, produces instant win but eventually goes into a long running loss.
Connundrum but that is what ZigZags do. it is in their DNA and we cannot fight that. The scorpion will always sting as it is in his nature!
So BACK TO MEDIAN. I think Median is where the focus should be. it's the center of gravity for price to oscilate and vascilate and I believe a market neutral strategy could be devised only by DIVERGENCE technique that will work across all market conditions and all trading styles across any charting type or timeframe. It holds the universal ingredients imo. Every time you predict a "range" or "Scale", failure is bound to happen imo. Back to researching medians! Got to nail this soon or move on!
Staying in my lane...
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