Technical analysis comprises several approaches to the study of price movement which are interconnected in the framework of one harmonious theory. The Zigzag Fractal Indicator, one of the generally favorite trading indicators, is calculated on the ground of the quickness & direction of a stock's price fluctuation If the Zigzag Fractal Indicator is moving sideways & is not generating effective highs & lows, it is in a doubtful market trend. The stability of short period & medium term trade signs will be higher when you apply Zigzag Fractal Indicator along with, for instance moving average.
Download : ZZ MTF XO A.mq4
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