ZigZag Charm | Foreign exchange EA download-MT4/MT5 resources-MetaTrader 5 resources

I want to start with "The piano can't kill the player because it doesn't like the sound of the music"

Westworld series https://gomovies.to/film/westworld-s...html?ep=506388









The video above is an allegory for traders, EAs, backtesting, winning, losing, life, etc.
These robotic hands act like zigzag lines that guide the trader, sorting things out and providing a clear perspective.

anyway

I'm trying to play the MACD's score into a chart in a zigzag pattern. So we can dance to the music. Think of the buyers/sellers as the piano players and the market instruments (i.e. EURUSD, GBP/USD, USDJPY, etc.) as the piano, and we who use zigzag are the participants in the dance. 1 forward, 2 backward, 3 forward, like a tap dance.

Medium uses 12, 26, 9 MACD
Soft use 4,5,3 MACD
Hard to use 21, 55, 7 MACD

When a signal line and a Macd line cross, a new leg is created.
From it you will understand the market structure of MACD

Enter within each time frame.
There are 3 types of sensitivity: soft, medium, and hard.
For higher time ranges D1 and above, it is better to use soft.
For shorter time frames, any type of sensitivity will work.

Basically, Medium and Hard see the outline of the trend too clearly.
Soft is a look at the inner workings of the silhouette trend.
You'll see this in action in the next few articles or pages in this forum.



In the data window, note the bias.
When the bias switches from -1 to 1, it means we have a new lower low or higher low, which means either a bullish reversal or a correction.
The effect is the same when changing from 1 to -1


When used in conjunction with the 2 EMAs 26 and 12, it is a powerful indicator and provides a comprehensive understanding of the market structure!
Examples will be shown. Everyone is welcome to share their ideas for applying this zigzag.
Thank you for your time and comments.

The new default template example with the zigCharm2 set should be somewhere on page 8 or 9. The link will be updated.
https://www.forexfactory.com/showthr...99#post9836799
Wave analysis template https://www.forexfactory.com/showthr...65#post9837465
If you encounter problems with the GUI, try changing the chart period forward and backward.

Just updated the templates for EMA 12 and 26 using Shift 3 and ichi cloud

Here are some fun things to enjoy


index
Glossary
https://www.forexfactory.com/showthr...gy#post9863992

Concept 3 The wise men gazed into the sky looking for the Star of Bethlehem
https://www.forexfactory.com/showthr...47#post9848747

Reference frame concept
https://www.forexfactory.com/showthr...59#post9850659

Identifying the Star of Bethlehem
https://www.forexfactory.com/showthr...81#post9872981
https://www.forexfactory.com/showthr...65#post9838265

Use Dwarf/Star of Bethlehem or Eye of Needle (EON) as SR. In other words, an anchor
https://www.forexfactory.com/showthr...77#post9844177
https://www.forexfactory.com/showthr...08#post9838208
https://www.forexfactory.com/showthr...49#post9838249

Identify temporary S/R or FibEx to confirm trend movement
https://www.forexfactory.com/showthr...09#post9836809

Identify momentum
https://www.forexfactory.com/showthr...81#post9837381

Identify overbought and oversold
https://www.forexfactory.com/showthr...64#post9903164
https://www.forexfactory.com/showthr...96#post9903196
https://www.forexfactory.com/showthr...03#post9903203

Identify trends/sideways
https://www.forexfactory.com/showthr...19#post9836819

Combining ZigCharm with the Ichimoku example
https://www.forexfactory.com/showthr...41#post9836941
https://www.forexfactory.com/showthr...48#post9836948

Combining ZigCharm with Fib Fan
https://www.forexfactory.com/showthr...83#post9898983

Identifying Elliott Waves
https://www.forexfactory.com/showthr...65#post9837465

Identify TP
https://www.forexfactory.com/showthr...99#post9831299 (scroll down)
https://www.forexfactory.com/showthr...78#post9836978

Breakout strategy
https://www.forexfactory.com/showthr...40#post9875940
https://www.forexfactory.com/showthr...98#post9875498

failed dwarf
https://www.forexfactory.com/showthr...21#post9873121
https://www.forexfactory.com/showthr...98#post9873198
https://www.forexfactory.com/showthr...12#post9873212
https://www.forexfactory.com/showthr...55#post9875555 (warning)

Snake's Tongue (evil harmonic pattern)
https://www.forexfactory.com/showthr...ue#post9862062
https://www.forexfactory.com/showthr...ue#post9862062
https://www.forexfactory.com/showthr...ue#post9866166
https://www.forexfactory.com/showthr...ue#post9866301

Quantity/supply and demand
https://www.forexfactory.com/showthr...78#post9899078

Divergence/Hide Divergence
https://www.forexfactory.com/showthr...78#post9899078
https://www.forexfactory.com/showthr...10#post9902910
https://www.forexfactory.com/showthr...23#post9902923
https://www.forexfactory.com/showthr...54#post9902954
https://www.forexfactory.com/showthr...80#post9902980
https://www.forexfactory.com/showthr...87#post9902987
https://www.forexfactory.com/showthr...99#post9902999
https://www.forexfactory.com/showthr...60#post9903060
https://www.forexfactory.com/showthr...73#post9903073

trade example
https://www.forexfactory.com/showthr...50#post9844150
https://www.forexfactory.com/showthr...55#post9844155
https://www.forexfactory.com/showthr...77#post9844177
https://www.forexfactory.com/showthr...74#post9840874
https://www.forexfactory.com/showthr...42#post9844242
https://www.forexfactory.com/showthr...28#post9844328
https://www.forexfactory.com/showthr...92#post9848892
Please explore the entire thread. Too many to list

Newly created

Can be downloaded here
https://www.forexfactory.com/showthread.php?p=9975098#post9975098

This INDI will not tell you a buy/sell signal. You need to do some work, which requires your trading experience. This Indian index helps traders identify winning setups, support-resistance, harmonics, reversal patterns, Elliott waves, demand and supply, overbought, oversold, divergence, hidden divergence. Hopefully, Indian traders can make better and clearer decisions before pulling the trigger!

G O D BL E Y O U