Indicator Zig Zag indicator. Morning kindly assist in explaining how the Zig zag indicator work and the best way to use it effectively. Thanks in advance..

[Ramela01]

Can't seem to use the Zig zag indicator correctly. Please help in explaining the concept and when to buy and sell using the indicator...

 

[fxforum]

Zigzag indicator is effectively to identify high-low price movement. It can be more accurately if we combine with other support-resistance indictors, such as RSI / Stochastic overbought-oversold areas.

 

[Gauer]

Zigzag is a lagging indicator. It might look great on a historical chart and it fools you into thinking you can trade those signals. In realtime it repaints a lot.

So the best way to use it is if you have a method that gives you a entry opportunity after a swing on the zigzag has been really printed and confirmed.

On those zigzag semafor indicators , the buy / sell signal is when you get the confluence of 3 zigzag swings on the same spot. In order to confirm that it won´t repaint, you have to wait until at least a 3rd swing is printed on the indicator. And that is not even a guarantee because the slowest zigzag has a big leg.

Run the indicator on the strategy tester in visual mode and you will see...

 

[EaseIt]

Zigzag is a lagging indicator. It might look great on a historical chart and it fools you into thinking you can trade those signals. In realtime it repaints a lot.

So the best way to use it is if you have a method that gives you a entry opportunity after a swing on the zigzag has been really printed and confirmed.

On those zigzag semafor indicators , the buy / sell signal is when you get the confluence of 3 zigzag swings on the same spot. In order to confirm that it won´t repaint, you have to wait until at least a 3rd swing is printed on the indicator. And that is not even a guarantee because the slowest zigzag has a big leg.

Run the indicator on the strategy tester in visual mode and you will see...

Agree on this, it does repaint, unless you custom it and try to prevent repaint you, will be stuck on this

 

[forexforumWON]

Zigzag is a lagging indicator. It might look great on a historical chart and it fools you into thinking you can trade those signals. In realtime it repaints a lot.

So the best way to use it is if you have a method that gives you a entry opportunity after a swing on the zigzag has been really printed and confirmed.

On those zigzag semafor indicators , the buy / sell signal is when you get the confluence of 3 zigzag swings on the same spot. In order to confirm that it won´t repaint, you have to wait until at least a 3rd swing is printed on the indicator. And that is not even a guarantee because the slowest zigzag has a big leg.

Run the indicator on the strategy tester in visual mode and you will see...

Repainting is a problem in using Zig zag. Sometimes repainting can be as many as 6 ot 7 times. Would you have any idea how I can solve this problem? Thanks