Trading Systems: Show Must Go On, or Once Again about ZigZag
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New article Show Must Go On, or Once Again about ZigZag has been published:
About an obvious but still substandard method of ZigZag composition, and what it results in: the Multiframe Fractal ZigZag indicator that represents ZigZags built on three larger ons, on a single working timeframe (TF). In their turn, those larger TFs may be non-standard, too, and range from M5 to MN1.
A huge amount of ZigZag versions proves the existence of a constant and persistent interest in this indicator. A quite worthwhile interest. This is perhaps the only indicator that directly affects trader's emotions forcing the immediate actions with its bright vivid graphical representation of the main market movements. Apparently, this can be the only explanation of the phenomenon, with the majority's thorough understanding that this indicator is not intended for production of direct trading signals, nevertheless they continuously attempt to maximally approach it to the current market situation. Observing the endless redrawing of the last forecasting fracture is a doubtful advantage, especially when perceiving it.
Let's discourse a little. Believe it or not, but this is the beginning of everything.
Author: Rider