Fractal ZigZag (never repaints)

Fractal ZigZag (never repaints)

This indicator is very simple: it shows signals triggered using Fractals and the original ZigZag indicator without any further filtering.

It does never -ever- repaint a past signal and therefore it useful to study the real behaviour of the ZigZag -which does repaint- as a trading tool over time.

You should complement signals with your own trading strategy or edit the source code to do it.

As you can see, many signals are repainted by the ZigZag indicator over time.

 

Recommendations:

  • Do not trade this indicator by itself
  • You can use this indicator template to filter zigzag signals with your trading strategy

Features:

  • Adjustable ZigZag parameters
  • You decide whether evaluate bar zero or not
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