Zigzag indicator with Volume statistics?

Discussion in 'Trading' started by ninZa.co, Aug 8, 2023.

  1. ninZa.co

    ninZa.co Sponsor

    We aim to merge the Zigzag indicator with volume data to create a robust Price Action trade setup.
    Which looks something like this:

    [​IMG]

    Here's a short explanation:
    To spot an Upward swing point ↑:
    • Sell volume declines gradually while the buy volume increases.
    • The market is in a downtrend, and the price exceeds the Top right before it.
    To spot a Downward swing point↓:
    • Buy volume declines gradually while sell volume goes up.
    • The market is in an uptrend, and the price surpasses the Bottom right before it.
    Yes, we know that Trading includes risks, but with a good strategy and strong profit/loss commitment, you can totally boost the winning chance higher, making sure your winning amount outweighs your losses...

    So what else would you add to your Price action trades to make a more informed decision?
     
    Last edited: Aug 8, 2023
    Sprout likes this.
  2. mikeriley

    mikeriley

    This is almost close to my main strategy..scary

    VOLUME rules.
     
    Jadeyxx17 likes this.