DOWNLOAD Forex Zig-Zag on Parabolic Trading System – The Zig-Zag indicator is a basic tool that analysts use to find out when a security’s trend is reversing.
By determining the support and resistance areas, it helps to identify significant changes in price while filtering out short-term fluctuations, thus eliminating the noise of everyday market conditions.
- Time Frame: M5 or higher
- Currency Pairs: Any
- ZigZag on Parabolic
- VAR Moving Average
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- Use a demo account or a small live account first to practice this trading system
- VAR Moving Average: Green Dot
- ZigZag on Parabolic: The Green Dots VAR Moving Average indicator above the Parabolic
- RSI line: Above the level 55
- VAR Moving Average: Red Dot
- ZigZag on Parabolic: The Red Dots VAR Moving Average indicator below Parabolic
- RSI line: Below the level 45