Zigzag - page 6
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One more question ... this ZZ indicator and DT_ZZ each has a single variable ... but they are different
How one can find appropriate values for these variables to draw the same ZZ lines by both indicators ?
ang_AZZ-fx-col-txt_v1 Modification
Could some programmer modify the attached zigzag indicator to also show swing value in pips?
Now only shows swing retracement percentages
Thanks...!!
Reposting ... just to remind.
==============
Usually zigzag is used as a filter.
But zigzag is not simpe indicator.
You may read it here:
The Zig Zag indicator is used primarily to help you
see changes by punctuating the most significant reversals.
It is very important to understand that the last "leg"
displayed in a Zig Zag chart can change based on
changes in the underlying plot (e.g., prices). This is
the only indicator in this book where a change in the
security's price can change a previous value of the indicator.
Since the Zig Zag indicator can adjust its values based on
subsequent changes in the underlying plot, it has perfect
hindsight into what prices have done. Please don't try
to create a trading system based on the
Zig Zag indicator--its hindsight is much better than
its foresight!
In addition to identifying significant prices reversals,
the Zig Zag indicator is also useful when doing Elliot Wave counts.
For additional information on the Zig Zag indicator,
refer to Filtered Waves by Arthur Merrill.and:
The Elliott Wave Theory is named after Ralph Nelson Elliott. Inspired by the Dow Theory and by observations found throughout nature, Elliott concluded that the movement of the stock market could be predicted by observing and identifying a repetitive pattern of waves. In fact, Elliott believed that all of man's activities, not just the stock market, were influenced by these identifiable series of waves.
With the help of C. J. Collins, Elliott's ideas received the attention of Wall Street in a series of articles published in Financial World magazine in 1939. During the 1950s and 1960s (after Elliott's passing), his work was advanced by Hamilton Bolton. In 1960, Bolton wrote Elliott Wave Principle--A Critical Appraisal. This was the first significant work since Elliott's passing. In 1978, Robert Prechter and A. J. Frost collaborated to write the book Elliott Wave Principle.
Interpretation
The underlying forces behind the Elliott Wave Theory
are of building up and tearing down. The basic
concepts of the Elliott Wave Theory are listed below.
Action is followed by reaction.
There are five waves in the direction of the main trend
followed by three corrective waves (a "5-3" move).
A 5-3 move completes a cycle. This 5-3 move then
becomes two subdivisions of the next higher 5-3 wave.
The underlying 5-3 pattern remains constant, though
the time span of each may vary.
The basic pattern is made up of eight waves
(five up and three down) which are labeled 1, 2, 3, 4, 5, a, b,
and c on the following chart.
Waves 1, 3, and 5 are called impulse waves.
Waves 2 and 4 are called corrective waves.
Waves a, b, and c correct the main trend made by waves 1 through 5.
The main trend is established by waves 1 through 5
and can be either up or down. Waves a, b, and c
always move in the opposite direction of waves 1 through 5.
Elliott Wave Theory holds that each wave within
a wave count contains a complete 5-3 wave count
of a smaller cycle. The longest wave count is called
the Grand Supercycle. Grand Supercycle waves are
comprised of Supercycles, and Supercycles are comprised
of Cycles. This process continues into Primary,
Intermediate, Minute, Minuette, and Sub-minuette waves.The better way to see about how to use zigzag is the following:
- the channel trading system here https://www.mql5.com/en/forum/173261 (read this thread from the beginning for explanation about how to use zigzag).
- Elliott and patterns: see this post and check Harmonic section for more advanced zigzag.
To say a true Harmonic people understand more about zigzag.
zigzag system
I have some funny idea.
Do you know that many forex teams from many countries tried to develop the zigzag system? Yes, it is the true.
But everybody knows that indicator (zigzag) can not be usable for the forex at all. So, What did they develop in this case?
Next week we will start to develope our very strategical system.
Zigzag system.zigzag is very useful but we have to cobine with other indicator for confirmation especially candle stick,
im using zigzag as a trend indi but with combination of other indi and it is very useful to me.
zigzag is very useful but we have to cobine with other indicator for confirmation especially candle stick, im using zigzag as a trend indi but with combination of other indi and it is very useful to me.
zigzag was not useful.
zigzag is very usefill just because of some few guys who made some development many years ago on some forex forums. So, it may be good to know them.
I mean: zigzag is very usefull for you just because of 2 persons who did it usefull many years ago on some forex forums.
yes, they were the first who did it.
We should always think about the people who was the first.
zigzag was not useful.
zigzag is very usefill just because of some few guys who made some development many years ago on some forex forums. So, it may be good to know them.
I mean: zigzag is very usefull for you just because of 2 persons who did it usefull many years ago on some forex forums.
yes, they were the first who did it.
We should always think about the people who was the first.who ever made or design zigzag i give my salute to theme i only reply on zigzag because it is one
indicator that fits on my trading methology and this zigzag is the one who give me 5100$ out of 262capital in just 5 days. On my own hamble way in analysis that involve zig zag, it is very useful
on h1 time frame with confirmation of candlestick indicator. Beside analysis is individualism it is defend for every person how he interprit or asses patterns.
... 5100$ out of 262capital in just 5 days...
We should promote the people who are developing for free helping the other people. And we should promote free trading systems developed by free developers for free to help the other people.
But I do not see any reason why we should promote you.
I do not like internet flooders sorry - it is too much jub for me for them with nothing as the results for everybody.
We should promote the people who are developing for free helping the other people. And we should promote free trading systems developed by free developers for free to help the other people. But I do not see any reason why we should promote you.
yes it did im promoting zigzag and as i said im proud of beacause of there help , now how can i be a flooder after a notification from you and follow what your advise , replying on a thread which i posted
is considered flooder i think thats unfair. Im promoting my self i dont think so if your telling the truth
Besides it a general discussion we can discuss up and down in our experience. Because your a administrator on this forum it dos not mean your right all the time.
I am not right all the time. And on our forum - the members can critisize moderators/admins.
But I am sorry - this thread about zigzag was started by me.
Same as the other threads about zigzag (started by me):
https://www.mql5.com/en/forum/172952
https://www.mql5.com/en/forum/172923
https://www.mql5.com/en/forum/173098
https://www.mql5.com/en/forum/173099
https://www.mql5.com/en/forum/173144
https://www.forex-tsd.com/forum/debates-discussions/116-something-interesting-please-post-here
https://www.mql5.com/en/forum/172904/page2
https://www.mql5.com/en/forum/172904
https://www.mql5.com/en/forum/173009
https://www.mql5.com/en/forum/173377
https://www.mql5.com/en/forum/173145
and more and more.
So, you can create your own thread and make your thread popular.
It is much better that to jump from one popular thread to the other thread with forex axiomas/tips.
tulisan,
1. you should improve your english, to be understood in posts and more importantly to read some books about money management.
2. ... 5100$ out of 262capital in just 5 days...
It is the insult of the intelligence and sanity, of the very kind people here, providing beginners (like you) with tools to help them make it in the markets. What is worse, its just wrong example for newbies (again like you).
For your information, you made roughly 2000% on your account, in 5 days.
Anyways, newdigital just didnt want to waste his time telling you, that you made it on demo, while blowing out other 10 or 50 demo accounts at the same time. Cause only way to make such thing is to to be insanely overleveraged,be lucky and be on demo.
Second thing what newdigital wanted to say is, the this information is not helping anyone. Thats why he called it flood, which is precisely what it is.
Have a good one and try to learn something here, before posting..
j.