Attachments: ZigZag Charm

ZigZag Charm

#1
First Post: Edited Jun 14, 2017 8:30am May 1, 2017 7:01pm | Edited Jun 14, 2017 8:30am

yousername
Joined Mar 2017 | Status: Working smart and hard | 2,949 Posts

I'd like to begin with "The piano can't kill the player because it doesn't like the sound of the music'"

WESTWORLD Series https://gomovies.to/film/westworld-s...html?ep=506388

Inserted Video

The videos above are allegory to traders, EA, back testing, winning, losing, life etc.
Those robot hands are the zigcharm lines guiding traders, put things in order and give clear perspective.

Anyhow

I'm trying to play a music score of a MACD into a chart in a form of a zigzag. That way we dance to its music. Treat the buyer/seller as the piano player, market instrument (i.e. EURUSD, GBPUSD, USDJPY etc) as the piano, we who use zigzag is the dance participant. 1 moves forward, 2 moves backward, 3 moves forward, like tap dance.

Medium uses a 12,26,9 MACD
Soft uses 4,5,3 MACD
Hard uses 21,55,7 MACD

The new leg is created when the Signal and Macd line crossed over.
From this you will get the idea of the market structure of the MACD

Input on each Time frame.
There are 3 type of sensitivity: soft, medium, hard.
For higher time frame D1 and above, better use soft.
For lower time frame use any kind of sensitivity is ok.

Basically Medium and Hard is too see the outline of the trend.
Soft is to see the inner working of the outline trend.
You will see it in action in the next few posts or pages of this forum.

Attached Image (click to enlarge)

Click to Enlarge

Name: zigCharmInput.png
Size: 50 KB

In the data window, pay attention to the Bias.
When the Bias switches from -1 to 1, that mean we have a new lower low or higher low which means either be a bullish reversal or a correction.
Goes the same when it changes from 1 to -1

Attached Image (click to enlarge)

Click to Enlarge

Name: zigCharmInAction.png
Size: 30 KB

It is a powerful indicator when combine it with 2 EMAs 26 and 12 and have a comprehensive knowledge in market structure!
Example will be shown
Everyone is welcome to share their ideas applying this zigzag.
I appreciate your time and comments.

new default template with zigCharm2 set
Example should some where in page 8 or page 9. Link will be updated.
https://www.forexfactory.com/showthr...99#post9836799
Wave Analaysis template https://www.forexfactory.com/showthr...65#post9837465
If experiencing issue with the GUI, try change the chart period forward backward.

Just updated the template with EMA 12 and 26 with Shift 3 and ichi cloud

Here's some amusement to enjoy

Inserted Video

NEW BUILD ZIGCHARM3XDVL_5

can be DOWNLOADED HERE
https://www.forexfactory.com/showthread.php?p=9975098#post9975098

THIS INDI DOESN'T TELL YOU BUY/SELL SIGNAL. THERE ARE SOME WORKS THAT NEEDS TO BE DONE ON YOUR END WHICH REQUIRES YOUR TRADING EXPERIENCE. THIS INDI HELPS TRADERS TO IDENTIFY WINNING SETUPS, SUPPORT RESISTANCE, HARMONIC, REVERSAL PATTERN, ELLIOT WAVE, DEMAND AND SUPPLY, OverBought, OverSold, DIVERGENCE, HIDDEN DIVERGENCE. HOPEFULLY WITH THIS INDI TRADERS CAN TAKE BETTER AND CLEAR DECISION BEFORE PULLING THE TRIGGER!

GOD BLESS YOU

Attached File(s)

zigCharm2.ex4 35 KB | 1,366 downloads | Uploaded May 6, 2017 5:32am

default.tpl 348 KB | 893 downloads | Uploaded May 6, 2017 8:52am

zigcharm ema ichi.tpl 258 KB | 1,014 downloads | Uploaded May 6, 2017 9:08am

zigcharm wave analysis.tpl 353 KB | 927 downloads | Uploaded May 7, 2017 3:21am

This is not investment/trading advise. Will not hold accountable for loss

#2
May 1, 2017 7:10pm May 1, 2017 7:10pm

ChipsAvocado
| Joined Aug 2016 | Status: Trader | 10 Posts

Subscribed.
Thank you for sharing, yousername

#3
Edited 8:41pm May 1, 2017 7:11pm | Edited 8:41pm

yousername
Joined Mar 2017 | Status: Working smart and hard | 2,949 Posts

Before we go to the example.

I want to give overview of the DataWindow.
Several points to point out

1. The data window of this indicator, the output name will change whenever the sensitivity of that particular period is change.
For instance D1 uses Medium, so the the Index output will be Index medium.

2.
- ZigZag Price is the low/high zigzag appeared at what price
- OS/OB is Oversold 1 or Overbought -1
- Index is at what index or candle does the high/low appear at. Let say the high appeared at 10, that mean 11th candles from the right or from candle 0.
- Bias is the bias of the market, bearish -1 or bullish 1

This is not investment/trading advise. Will not hold accountable for loss

#4
May 1, 2017 7:13pm May 1, 2017 7:13pm

yousername
Joined Mar 2017 | Status: Working smart and hard | 2,949 Posts

Quoting ChipsAvocado

Disliked

Subscribed. Thank you for sharing, yousername

Ignored

Thanks I appreciate it.
Maybe you guys can give some feedback on this Indicator please.
Or maybe share your own strategy using this indicator would be cool!

This is not investment/trading advise. Will not hold accountable for loss

#5
May 1, 2017 7:23pm May 1, 2017 7:23pm

yousername
Joined Mar 2017 | Status: Working smart and hard | 2,949 Posts

USDJPY daily

Notice the EMAs 12 and 26 crossed
The red boxes transitioned the Bias from 1 to -1.
We should take the trade on the open of the second bar that is shown in the vertical line.

There is price bounce off the EMAs, which mean a trend continuation or we just had a correction of the 1st or 3rd bearish/bullish legs.

Attached Image (click to enlarge)

Click to Enlarge

Name: Untitled.png
Size: 16 KB

This is not investment/trading advise. Will not hold accountable for loss

#6
May 1, 2017 7:28pm May 1, 2017 7:28pm

yousername
Joined Mar 2017 | Status: Working smart and hard | 2,949 Posts

GBPUSD H4 (Medium sensitivity)

Notice the EMAs 12 and 26 crossed
The red boxes transitioned the Bias from -1 to 1.
We should take the trade on the open of the second bar that is shown in the vertical line.

There is price bounce off the EMAs, which mean a trend continuation or we just had a correction of the 1st or 3rd bearish/bullish legs.

Attached Image (click to enlarge)

Click to Enlarge

Name: Untitled.png
Size: 25 KB

This is not investment/trading advise. Will not hold accountable for loss

#7
May 1, 2017 7:34pm May 1, 2017 7:34pm

yousername
Joined Mar 2017 | Status: Working smart and hard | 2,949 Posts

GOLD D1 (Soft sensitivity)

Notice the EMAs 12 and 26 crossed
The red boxes transitioned the Bias from -1 to 1.
We should take the trade on the open of the second bar that is shown in the vertical line.

There is price bounced off the EMAs, which mean a trend continuation or we just had a correction of the 1st or 3rd bearish/bullish legs.

Attached Image (click to enlarge)

Click to Enlarge

Name: Untitled.png
Size: 17 KB

This is not investment/trading advise. Will not hold accountable for loss

#8
May 1, 2017 7:49pm May 1, 2017 7:49pm

yousername
Joined Mar 2017 | Status: Working smart and hard | 2,949 Posts

EURUSD H4

In this example we combine 2 ZigZag Medium (red) and Soft (green).
Use the medium as the outline of the trend.
Soft as the inside trend in the outline trend.

As seen in the screenshot
Leg 1,2,3 Medium zigzag consists of several soft zigzags.
In leg 2, we have a correction and then follow with an impulse move to the downside 3rd leg.
Notice leg 2 medium and soft zigzag bounces off the EMAs

Attached Image (click to enlarge)

Click to Enlarge

Name: Untitled.png
Size: 24 KB

This is not investment/trading advise. Will not hold accountable for loss

#9
May 1, 2017 7:58pm May 1, 2017 7:58pm

yousername
Joined Mar 2017 | Status: Working smart and hard | 2,949 Posts

Takin the risk buying EURUSD based of 4hr
a 4th and 5th leg in the making.
Took the risk buying this market before the medium leg (Red, 4th leg) correction is made.

Attached Image (click to enlarge)

Click to Enlarge

Name: Untitled.png
Size: 31 KB

This is not investment/trading advise. Will not hold accountable for loss

#10
May 1, 2017 8:10pm May 1, 2017 8:10pm

yousername
Joined Mar 2017 | Status: Working smart and hard | 2,949 Posts

Head and Shoulder on EURUSD Weekly (Soft sensitivity)

The Neckline of N1 just got broke off.
So now we might have a possible first impulse leg to the upside on the Weekly chart.

Attached Image (click to enlarge)

Click to Enlarge

Name: Untitled.png
Size: 29 KB

This is not investment/trading advise. Will not hold accountable for loss

#11
May 1, 2017 8:13pm May 1, 2017 8:13pm

yousername
Joined Mar 2017 | Status: Working smart and hard | 2,949 Posts

A recommended video on a head and shoulder pattern

Inserted Video

This is not investment/trading advise. Will not hold accountable for loss

#12
May 1, 2017 8:28pm May 1, 2017 8:28pm

yousername
Joined Mar 2017 | Status: Working smart and hard | 2,949 Posts

Quoting yousername

Disliked

Input on each Time frame. There are 3 type of sensitivity: soft, medium, hard. For higher time frame D1 and above, better use soft. For lower time frame use medium to hard. {image} In the data window, pay attention to the Bias. When the Bias switches from -1 to 1, that mean we have a new lower low or higher low which means either be a bullish or a correction. Goes the same when it changes from 1 to -1 {image} It is a powerful indicator when combine it with 2 EMAs 26 and 12 Example will be shown {file}

Ignored

a template

Attached File(s)

default.tpl 2 KB | 464 downloads

This is not investment/trading advise. Will not hold accountable for loss

#13
May 1, 2017 8:34pm May 1, 2017 8:34pm

classy
Joined Jun 2012 | Status: Trader , Analyst and Mentor | 5,884 Posts

Quoting yousername

Disliked

For your information the logic of this zigzag is based of a MACD. I will explain it to you later. Medium uses a 12,26,9 MACD Soft uses 4,5,3 MACD Hard uses 21,55,7 MACD Input on each Time frame. There are 3 type of sensitivity: soft, medium, hard. For higher time frame D1 and above, better use soft. For lower time frame use medium to hard. {image} In the data window, pay attention to the Bias. When the Bias switches from -1 to 1, that mean we have a new lower low or higher low which means either be a bullish or a correction. Goes the same when it...

Ignored

nice ,i also like zizzag and have a lot indicator collections but you trading idea is cool .

your bias nesscheck is very good but it wil be great alarm/arroow or something visual in chart too ..imho

Say something meaningful or Silence!!

#14
May 1, 2017 8:44pm May 1, 2017 8:44pm

yousername
Joined Mar 2017 | Status: Working smart and hard | 2,949 Posts

Quoting classy

Disliked

{quote} nice ,i also like zizzag and have a lot indicator collections but you trading idea is cool . your bias nesscheck is very good but it wil be great alarm/arroow or something visual in chart too ..imho

Ignored

Thank you for your feedback. I really appreciate it
I will make a histogram for the Bias, to please trader's eyes.

This is not investment/trading advise. Will not hold accountable for loss

#15
May 1, 2017 9:08pm May 1, 2017 9:08pm

yousername
Joined Mar 2017 | Status: Working smart and hard | 2,949 Posts

USDCAD D1 (soft and hard)

Expecting a RED leg up is created sometime this week which will follow with a correction to the downside.
We also have an inside bar at the top of 2A, indicating a reversal or a retracement.

The correction target is 76.8% retracement of 2A before going higher
or
50% of 1A and 2A

Attached Image (click to enlarge)

Click to Enlarge

Name: Untitled.png
Size: 21 KB

This is not investment/trading advise. Will not hold accountable for loss

#16
May 1, 2017 9:42pm May 1, 2017 9:42pm

classy
Joined Jun 2012 | Status: Trader , Analyst and Mentor | 5,884 Posts

Quoting yousername

Disliked

{quote} Thank you for your feedback. I really appreciate it I will make a histogram for the Bias, to please trader's eyes.

Ignored

thanks for notice and nice word .Happy trading.

Say something meaningful or Silence!!

#17
Edited 11:13pm May 1, 2017 11:00pm | Edited 11:13pm

yousername
Joined Mar 2017 | Status: Working smart and hard | 2,949 Posts

USDCHF 4HR Medium and Soft

At the edge of the world.
Make or break moment.

The 1X could either be the 1st Bear's leg or just simply a bullish correction.
1X consists of 5 waves

a 3rd leg (3X) will be appear when we have a price breakout of 2X and the lower price than the 5th leg of 1X.

Attached Image (click to enlarge)

Click to Enlarge

Name: Untitled.png
Size: 38 KB

This is not investment/trading advise. Will not hold accountable for loss

#18
May 1, 2017 11:07pm May 1, 2017 11:07pm

yousername
Joined Mar 2017 | Status: Working smart and hard | 2,949 Posts

USDCHF D1 Alternative (Medium and Soft)

Overall trend is down because we have consecutive Lower High and Lower Low.
We could have a head and shoulder pattern appearing on the D1 chart.
So this chart is a must watch. Expect strong USD if it manages to break the "LH/Neck Line 1"

Attached Image (click to enlarge)

Click to Enlarge

Name: Untitled.png
Size: 36 KB

If the previous USDCHF 4hr analysis able to made the start of leg 3X, then we should expect to see a new lower low or a failed head and shoulder.

This is not investment/trading advise. Will not hold accountable for loss

#19
May 1, 2017 11:10pm May 1, 2017 11:10pm

yousername
Joined Mar 2017 | Status: Working smart and hard | 2,949 Posts

Quoting yousername

Disliked

Takin the risk buying EURUSD based of 4hr a 4th and 5th leg in the making. Took the risk buying this market before the medium leg (Red, 4th leg) correction is made. {image}

Ignored

Just closed the EURUSD with a total of 50 pips profit before the news.

This is not investment/trading advise. Will not hold accountable for loss

#20
May 1, 2017 11:29pm May 1, 2017 11:29pm

yousername
Joined Mar 2017 | Status: Working smart and hard | 2,949 Posts

AUDUSD D1 (Medium, and 26&12 EMA)

Bias slightly bullish

Attached Image (click to enlarge)

Click to Enlarge

Name: Untitled.png
Size: 37 KB

This is not investment/trading advise. Will not hold accountable for loss

0 traders viewing now

Options

Similar Threads

ZigZag Charm