PRT ZigZag Settings on 5MIN and 15MIN
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Hi,
Am trying to get the “waves” with the ZigZag on my graph in order to read the trend easier. (I know ZigZag is repainting, and that’s ok for me)
Basically I am looking for “higher highs” and “higher lows” to say “uptrend” ; and for “lower lows” and “lower highs” to say “downtrend”.
I use this as a filter to trade then only in the direction of the trend, if any trend (I try to enter when stochastic is extreme).
My timeframes are 5 min and 15 min (trading in 5 minutes with confirmation of the trend on the 15 minutes). I trade main pairs and indexes.
I use the following parameters on PRT ZigZag : 0.13% ( 5min) and 0.20% (15min). But I am not fully convinced about those settings.
If somebody here uses a quite similar simple apoproach to trade, I would be happy to read his ZigZag settings OR if not ZigZag the tool(s) he is using to “read” the waves.
Many TX in advance;
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Topic Details
| Forum: | General Trading: Market Analysis & Manual Trading |
| Language: | English |
| Started: | 02/22/2018 |
| Status: | Active |
| Attachments: | 1 files |
