Indicators: ZigZag_channel

[Automated-Trading]

ZigZag_channel:

A channel based on peaks and troughs of the ZigZag indicator.

Author: Nikolay Kositsin

[Vitaliy Kostrubko]

Absolutely useless indicator (!) .... builds a channel by current extremums ... nothing informative, alas ...

[Tom Bardo]

Vitaliy Kostrubko #:
Absolutely useless indicator (!) .... builds a channel by current extremums ... nothing informative, alas ...

You can use it as a support/resistance indicator and better recognize breakouts. not “useless” at all.