PREMIUM DOWNLOAD Forex Zig Zag MBFX RSI Swing Trading System (Best Trend Momentum Strategy for Scalping, IntraDay and Swing Trading). The Zig Zag indicator is easy to understand and apply. Price changes below a specific threshold, normally 10% or 20%, are removed from trendlines through a filtration process.
Most trading software or online trading platforms have simple input fields that allow you to set the parameters of your own Zig Zag preferences.
Keep in mind that the higher you set the price change threshold, the less sensitive the indicator becomes. Too low of a spot results in an ineffective Zig Zag; not enough noise is removed. Too restrictive and you may miss profitable price trend data. Most default settings have the threshold between 8% and 15%.
The MBFX Timing indicator is one of the indicator of the well known “MOSTAFA BELKHAYATE” system.
In fact this oscillator could be compared to a classic stochastic. It displays in percentage the current movement of the price around a mean calculated by the a dynamic scale.
Forex Zig Zag MBFX RSI Swing Trading Rules
The “Forex Zig Zag MBFX RSI Swing Trading” system is an trend momentum strategy for scalping, intraday and swing trading.
- Scalping trading time frame : 5 min and 15 min
- Intraday trading time frame : 30 min to 240 min
- Swing trading time frame : 240 min and daily
Metatrader Trading Indicators
- MBFX Timing
- PJ-Over RSI
- AK Zig Zag 1
- AK zig zag pointer
- ZigZag pointer-1
- Sigal Bars V3 Daily
- AK zig zag pointer
- KFSE candle
- KFSE RSI bars
- KFSE Stoch bars
- FX system
- FX timing
- Zig Zag Pointer Arrow below the price
- Price upward above EMA 20, EMA 8, and IMAX3
- MBFX Timing upward and blue color
- SEFC Bull Bear blue bars
- PJ-Over RSI blue bars
- Signal Trend green color
- Zig Zag Pointer Arrow above the price
- Price downward below EMA 20, EMA 8, and IMAX3
- MBFX Timing downward and blue color
- SEFC Bull Bear red bars
- PJ-Over RSI red bars
- Signal Trend red color
ZigZag Trading Note
How to trade using Zig Zag – On first glance the ig Zag appears to be the holy grail of trading, but you have to remember that the values are plotted after the price closes.
So, you will want to use the indicator to monitor the health of the primary trend, and not a tool for actively trading the market.