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Forex Zig-Zag on Parabolic MQ4 Trading System and Indicator


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

 

MetaTrader Trading Indicator
  • ZigZag on Parabolic
  • VAR Moving Average
  • RSI

 

BUY Rule

Trading NOTES

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  • VAR Moving Average: Green Dot
  • ZigZag on Parabolic: The Green Dots VAR Moving Average indicator above the Parabolic
  • RSI line: Above the level 55

 

SELL Rule

  • VAR Moving Average: Red Dot
  • ZigZag on Parabolic: The Red Dots VAR Moving Average indicator below Parabolic
  • RSI line: Below the level 45

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