This indicator is very simple: it shows signals triggered using
two different ZigZag indicators (fast and slow) without any filtering.
It does never -ever- repaint a past signal and therefore is useful to
study the real behavior of the ZigZag indicator -which does repaint- as a trading
tool over time.
As you can see, many signals are repainted by ZigZag indicator over time. Fractals have been used to reduce the number of highs and lows painted.
It depends on original MetaQuotes ZigZag indicator -attached-.
The Acceleration/Deceleration Indicator (AC) measures acceleration and deceleration of the current driving force.Average Directional Movement Index (ADX)
The Average Directional Movement Index Indicator (ADX) helps to determine if there is a price trend.