ZigZag - Keep It Simple Stupid

Quoting nondisclosure00

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Does the "ZigZag" in this system differ from the stock one that is handed out by MetaQuotes (The zigzag lines themselves)? If so, can someone point me to the original thread?

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Quoting gniwre11

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derekw, I am not an expert in blocks. Did you took that operation and got to where that red square is? I would support what I wrote recently about letting the operation run more

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Quoting le celte

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{quote} Hi, I use this one in all systems. Simple, effective. Try it If you don't like I delete {image} Cheers jf {file} {file}

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Quoting 19monza64

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I Know that like all indi zig zag is not perfect but maybe filter the signal on the base of HH HL LH LL would help to follow the main trend and avoid some bad signal {image}

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Quoting samsha786

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{quote} See example below, Length = 16. Notice the quality of signals here vs. Length = 6. {image}

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Quoting samsha786

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{quote} That's exactly what ZigZag does... shows important reversal points. Add Fractals to your chart and you will see. This example, Length = 6. {image} Following the Rules in Post #1 helps in keeping you out of trouble. Increasing Length will give you fewer signals, but appears to be more reliable. See example below, Length = 16. Notice the quality of signals here vs. Length = 6. {image}

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Quoting 19monza64

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{quote} Yes, I understand this. What I meant is that the indicator should give the signal only if the sequence HH HL LH LL is respected. In this case you will have fewer signals but with a higher probability in many cases. So it should be unless proven otherwise. It is clear that if you trade only one currency you can easily verify it visually. With many currencies it could help.

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Quoting samsha786

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{quote} Try it, test it and let us know of your findings. Applying fractals is a quick way to determine if there's any value in that... see the charts that I posted with fractals applied on top of zigzag reversal points. What does it tell you?

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Quoting Headland

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{quote} Re the multizigzag v1.15 indicator It depends on what t/f you put the indicator on (I think it is just one t/f so put on the 15min it will signal when the 15min zz changes.) It is up to you whether you enter immediately just on the indicator alarm alone, or whether you filter this signal from this indy with other analysis tools.

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Quoting samsha786

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{image} SELL GBPJPY {image}SELL GBPAUD {image}SELL GBPNZD {image}SELL GBPCAD {image}SELL AUDNZD {image}SELL AUDCAD {image}SELL AUDUSD {image}SELL NZDCAD - Risky, price near previous swing buy. See blue symbol. {image}SELL NZDUSD - Risky, price near previous swing buy. See blue symbol. Notice the volatility (ATR) on these trades... moving upwards.

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Quoting 19monza64

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{quote} Hey man. Using lengh 16 more or less after how many pips do you get the signal?

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Quoting samsha786

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{quote} Difficult to answer, the algorithm is looking for extremes in price, within those 16 bars. Trades can and will fail - there's no guarantee that what's posted here will work out. Some of these have already closed in profit. Others will fail.

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Quoting 19monza64

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{quote} {image} https://forex-station.com/viewtopic....72454&start=20 No bad. What do you think? Keep an eye there are many ATR indi

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