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Valable ZigZag

4.5

The Elliott wave theory is an interpretation of processes in financial markets that relies on a visual model of waves on price charts. The Valable ZigZag indicator displays the wave structure of the market, which can be used to make trading decisions.

The Valable ZigZag indicator is more stable and does not often change its direction like the classic ZigZag indicator, misleading traders. This is achieved through the use of fractals in the construction of indicator waves.

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Valable ZigZag is primarily a trend indicator. It sets the main direction in which a trader should trade, but it can also serve as an indicator of entering the market.

For example.

Install the indicator on the H4 timeframe chart, and the direction of the last wave will show you the direction of the trend. Having chosen the trend trading direction, switch to the H1 timeframe and enter the market at the breakdown of the last peak directed towards the selected trend (see Figure 2).


Advantages of the Valable ZigZag indicator.

  • The basis of the constructions is the price reversal levels;
  • Changes direction only when the last local maximum/minimum is broken;
  • Sets the right direction of trading;
See examples of successful trades made using this strategy (see Figure 3). The indicator is not a full-fledged trading system, but when used in addition to the readings of the higher timeframe, you can make a good profit (see Figure 4).

I recommend to use the indicator as part of the trading system Owl - Smart Levels. The trading system includes the basic principles of trading on a global trend and 3 simple indicators that have been tested for a century.

  • Have a look at the weekly trade reviews by clicking on the link >>

The indicator is equally well applicable both in the Forex market and in the stock market. And it works just perfectly on commodity markets and indices. Just look at the figures 5, where the indicator has perfectly plotted the full on the S&P500 index. Even in a fairly young cryptocurrency market, the indicator honors itself perfectly, and gives a clear understanding of the market phase.

Settings of the Valable ZigZag indicator.

The basic indicator on which the main logic is tied is the Full Fractals indicator, so there are only 2 main settings and 2 additional ones in external variables:
  1. Candles on the left – determines the number of bars on the left to build a fractal.
  2. Candles on the right – determines the number of bars on the right to build a fractal
  3. Number of bars to calculate – the number of bars on the chart to be calculated.
  4. Show info panelon/off info panel
Download and use the Valable ZigZag indicator for free! I hope it will bring you a good profit in the market, and you, in gratitude for this, leave a positive review and share your results in the comments.

Sergey Ermolov is with you, subscribe to my updates!



Reviews 11
Detleff Böhmer
2678
Detleff Böhmer 2024.01.16 16:12 
 

Gute Arbeit, DANKE!

Juan_Carlos_Kratos
147
Juan_Carlos_Kratos 2023.06.16 21:33 
 

Gratamente sorprendido, el primer indicador de éste tipo en el que puedes variar la sensibilidad de las señales, sigo haciendo pruebas, pero la verdad es que me gusta bastante y le veo muchas posibilidades de utilizarlo en mi estrategia de traidig

_Striker_
109
_Striker_ 2023.05.12 11:09 
 

Отличный индикатор. Спасибо. Очень помогает в торговле. Одна рекомендация или просьба: сделать возможность сдвига информационной панели по осям X и Y. Дело в том, что я использую два индикатора с разными настройками на одном графике и хотелось бы видеть две панели, например одну под другой, и при совпадении сигналов принимать решение. Также не помешал бы алерт при смене направления. В остальном всё прекрасно. Спасибо за Вашу работу

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James.Bill
84
James.Bill 2024.07.08 13:20 
 

User didn't leave any comment to the rating

vandreifx
224
vandreifx 2024.05.18 09:33 
 

User didn't leave any comment to the rating

Detleff Böhmer
2678
Detleff Böhmer 2024.01.16 16:12 
 

Gute Arbeit, DANKE!

Juan_Carlos_Kratos
147
Juan_Carlos_Kratos 2023.06.16 21:33 
 

Gratamente sorprendido, el primer indicador de éste tipo en el que puedes variar la sensibilidad de las señales, sigo haciendo pruebas, pero la verdad es que me gusta bastante y le veo muchas posibilidades de utilizarlo en mi estrategia de traidig

_Striker_
109
_Striker_ 2023.05.12 11:09 
 

Отличный индикатор. Спасибо. Очень помогает в торговле. Одна рекомендация или просьба: сделать возможность сдвига информационной панели по осям X и Y. Дело в том, что я использую два индикатора с разными настройками на одном графике и хотелось бы видеть две панели, например одну под другой, и при совпадении сигналов принимать решение. Также не помешал бы алерт при смене направления. В остальном всё прекрасно. Спасибо за Вашу работу

Sergey Ermolov
183762
Reply from developer Sergey Ermolov 2023.05.12 11:22
Спасибо за хорошую оценку. Алерт при смене тренда есть в текущей версии индикатора
votija.63
376
votija.63 2023.04.18 20:08 
 

No funciona

philippe germain
2747
philippe germain 2023.04.11 13:25 
 

Repainting indicator. Waste of time.

Raymond Clemens
144
Raymond Clemens 2023.04.09 18:01 
 

Shows' the trend good like it very much.

Aleksandr Karelin
1856
Aleksandr Karelin 2023.03.02 15:22 
 

User didn't leave any comment to the rating

angel
315
angel 2023.02.13 13:39 
 

User didn't leave any comment to the rating

Amato Riz
42
Amato Riz 2023.02.03 04:28 
 

A very cool indicator. It shows trends perfectly.

Reply to review
Version 2.4 2023.05.02
- added trend reversal notifications
Version 2.3 2023.02.23
The settings have been removed from the logs
Version 2.2 2023.02.22
- Fixed the error of the late reversal of the indicator
- The extreme ZigZag has been moved along the first fixed candle
Version 2.1 2023.02.14
The calculation logic has been completely updated. Now it works more stably, does not crash when switching timeframes. Starts the calculation from the very beginning of the story.