KNJ ZigZag with Value Indicator For MT4 Intro
Table Of Contents:
- KNJ ZigZag with Value Indicator For MT4 Intro
- What is the difference?
- Trading by KNJ ZigZag with Value Indicator For MT4
- Pros of KNJ ZigZag with Value Indicator For MT4
- Cons of KNJ ZigZag with Value Indicator For MT4
- General Advice While Using KNJ ZigZag with Value Indicator For MT4
This screenshot is for the indicator KNJ ZigZag with Value Indicator For MT4 on the hourly time frame for the GBPUSD currencies pair, from the first look for you on the screenshot, you will think that it is a usual ZigZag indicator, but it is not, continue reading to know why!
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By reading this article, you will learn more about the KNJ ZigZag with Value Indicator For MT4, and all of its features based on the knowledge we have about it, and the information that is available about it on the internet as well, starting from the ZigZag part, to the pivot and swing part.
What is the difference?
First of all, let us show you how the ordinary ZigZag words, then we will place the difference between it and the KNJ ZigZag with Value Indicator For MT4. Usually, the ZigZag can get used for identifying your entry points and locating or spotting the bottoms and highs; also, it can be used to help in the patterns, harmonic, channels trading, and Fibonacci placing. What the ZigZag is doing is that it mark for you the tops and bottoms by drawing a trend between them, which comes at the end with the ZigZag pattern that you see when it locates more than top and bottom. With that said, you may be able to get the excellent market price turns from the ZigZag at a low level than doing it by Elliott Waves analysis. You can use the ZigZag tops and bottoms as support and resistance, or supply and demand levels if you are trusting the areas that were drawn for you by the ZigZag, and mostly if these tops and bottoms are trustworthy, you should have found them already while doing your standard analysis. One of the best patterns that you can use the ZigZag to identify is the AB=CD pattern, which is a very strong pattern to rely on it while trading, but there are two types of people when it comes to this pattern, some of them enter after the BC area targeting the CD, and some of them will wait the who pattern to end then enter a trade opposite to the last direction that way done by the pattern with a target 50 to 100% of the whole pattern size. Tell us which one is you? Do you trade while the models still getting built or you get into your trade after the pattern gets done? Until you answer that even for yourself to know the best way to merge it trading by the ZigZag, let us go back to the KNJ ZigZag with Value Indicator For MT4 to tell you more about its other features. After the ZigZag part, the KNJ ZigZag with Value Indicator For MT4 still have pivots value, while shows you the price that the top or bottom reached by shadows ( the chosen candles by the KNJ ZigZag with Value Indicator For MT4 maximum move whether up or down ) and then you can see the swing value, which tells you that if you have entered your trade from the last top or bottom the KNJ ZigZag with Value Indicator For MT4 chose, how many points you would be having now as profits, considering that you will exit your trade in the next top or bottom that the KNJ ZigZag with Value Indicator For MT4 specified to you. Let us take a look on the KNJ ZigZag with Value Indicator For MT4 code:
As always, you can download all the system and the KNJ ZigZag with Value Indicator For MT4, from the article download process.
In that picture, you can see the KNJ ZigZag with Value Indicator For MT4 parameters.
And you can edit these parameters based on your choice, as you are not forced to use the same settings that any indicator comes with it.
Trading by KNJ ZigZag with Value Indicator For MT4
Here we will give you some ideas for trading while using the KNJ ZigZag with Value Indicator For MT4, to be able to have the best results you can have, the KNJ ZigZag with Value Indicator For MT4 can help you identifying the AB=CD pattern so you can trade on it, also it has the ability to make you catch the Bat pattern, so that you can generate your trade on it, for sure it will not give you alerts once it find they patterns, it is your role to be in focus to find the patterns while the KNJ ZigZag with Value Indicator For MT4 is drawing the tops and bottoms on the chart, moreover the KNJ ZigZag with Value Indicator For MT4 can be used along with the fibonacci as the ZigZag in most cases are doing three waves phase, or the market price correction waves, so that you need to know that the price will respect the fibonacci in that case more than the KNJ ZigZag with Value Indicator For MT4 or ZigZag generally, so that it gives you the chance to filter the trades in more advanced way than just trading on every top or bottom that the KNJ ZigZag with Value Indicator For MT4 draw for you, it helps you also while trading on channels or specific patterns as it should filter these areas and patterns for you, so that you can be able to ignore the useless or weak areas, so in that example, the KNJ ZigZag with Value Indicator For MT4 helped you to ignore a trading area, and in the previous one the fibonacci helped you to ignore a top or bottom of KNJ ZigZag with Value Indicator For MT4, so that you have now an overview on how you can filter the KNJ ZigZag with Value Indicator For MT4 by the fibonacci, then the areas that are left for trading, you can filter them more by the KNJ ZigZag with Value Indicator For MT4 with the channels or patters that you see, so for example if you see a ten trading tops or bottoms by keeping filtering them in these different ways you may come up at the end with two out of this ten which is trusted to trade on, they you can take them to trade on by your normal trading strategy, that may deny one of this areas to you, so you have the strongest trading area at the end. Thus, that means you can never rely on KNJ ZigZag with Value Indicator For MT4 alone must make it filter and get it filtered.
And for technical analysis that is an example for the KNJ ZigZag with Value Indicator For MT4 With it:
Disclaimer: always remember all that we write here is our opinion, mind your account, and your decisions carefully.
Pros of KNJ ZigZag with Value Indicator For MT4
It has many advantages that we mentioned above already, but this will happen if you were able to do the many filtering ideas that we have mentioned.
Cons of KNJ ZigZag with Value Indicator For MT4
You can’t depend wholly on the KNJ ZigZag with Value Indicator For MT4, using it only will put you in bad losses always, you must add it beside other stuff to filter it, and a separated strategy to place the trade at the end ( explained in the trading heading ).
General Advice While Using KNJ ZigZag with Value Indicator For MT4
Our general advises today, would be that you need to read the article more than one time, to focus well on the many edits and advanced tricks that we provided to do with that indicator, so you can start having good results.
