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Re: Something interesting please post here (Metatrader)

bilbao, Mon May 01, 2017 2:52 am

Road Map indicator: The better alternative to the ZigZag indicator, using Wave Theory

A safe journey is only possible on a road with good marking and proper road signs.

The indicator shows:

  • impulse waves (bold sloping lines);
  • corrective waves (thins sloping lines);
  • upward wave series (blue color);
  • downward wave series (purple color);
  • wave series length (the numbers near the Zig Zag vertices);
  • wave series breakthrough levels (short green and red lines);
  • targets for Take Profit (the Fibonacci grid from the start of the wave series).
  • The Zig Zag is non-standard, the idea for plotting was taken from the wave theory of Stanislav Chuvashov

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