The no lag zigzag foreign exchange indicator combines high and low peaks with a borderline (Observe EUR/USD H1 image beneath). High peaks illustrate resistance levels and low peaks support levels. In sequence higher high peaks illustrate that the market is trending upward. In sequence lower low peaks illustrate that the market is trending downward.
You can utilize this indicator in different ways. For instance, purchase a breakout on top of a high peak in an upward trend and auction a break beneath a low peak in a downward trend.
For purchase signal: In an upward trend, observe to purchase nearby the lowest peak. Observe to purchase a break on top of the highest peak.
For an auction signal: Ina downward trend, observe to auction nearby the highest peak. Observe to auction a break beneath the lowest peak.
- This forex indicator can be utilized on any recommended currency pairs.
- Applicable on any endorsed time frames.
- Suitable for any recommended trading sessions.
- Colors, Pct filter and length are the configurable options for this forex indicator
The EUR/USD One Hour Instance Chart
Utilize this forex Indicator at your own risk. Windsor Forex cannot be responsible for any losses associated with utilizing any forex indicator presented on the site. It’s not recommended to utilize this indicator on the real account without testing it on demo first.