Valable ZigZag

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Scalperology Ai MT5

Global

Pairs:

AUD/JPY

AUD/USD

EUR/AUD

EUR/GBP

EUR/JPY

EUR/NZD

EUR/USD

GBP/USD

NZD/USD

USD/CAD

USD/CHF

USD/JPY

30-Day Profit: 0%

7-Day Profit: 0%

Support: 24х7 via Telegram

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Breakopedia Ai MT5

Global

Pairs:

AUD/JPY

AUD/USD

EUR/AUD

EUR/GBP

EUR/JPY

EUR/NZD

EUR/USD

GBP/USD

NZD/USD

USD/CAD

USD/CHF

USD/JPY

XAU/USD

XAG/USD

XBT/USD

30-Day Profit: 0%

7-Day Profit: 0%

Support: Developer

Test it Free🚀

What is Valable ZigZag?

Valable ZigZag is an advanced indicator designed to display the market's wave structure.

Unlike traditional ZigZag indicators, it utilizes fractals, resulting in fewer false signals and a more stable performance.

This indicator is utilized to determine the direction of trends and potential entry points in the market.

Usage in Trading

It's recommended to install Valable ZigZag on the H4 timeframe to identify the overall trend direction.

After determining the trend on a higher timeframe, traders can switch to M1 or H1 timeframes for entry signals at the breach of a recent peak.

This approach facilitates trend-following strategies while minimizing risks associated with market reversals. 🚀

Key Advantages

Robust construction based on price reversal levels enhances accuracy.

It only changes its direction when the last local maximum or minimum is broken, reducing misleading signals.

Applicable across various markets, including Forex, stocks, commodities, and indices like the S&P500. 📈

Provides insight into market phases, which is beneficial in rapidly evolving environments, such as cryptocurrency trading.

Settings and Configuration

Two main settings revolve around the fractal construction:

Candles on the left – defines the bar count for building fractals.

Candles on the right – similarly defines bar count on the right side.

Additional settings may include the total number of bars for calculation and the option to display an info panel.

Integral Strategies

It can be integrated into larger trading systems, such as the Owl - Smart Levels system, which incorporates broader trend following principles.

Not a standalone trading system but significantly enhances performance when combined with other indicators and market analysis techniques.

Understanding the full capabilities of Valable ZigZag empowers traders to refine their strategies, ultimately leading to more profitable outcomes. 💰