How to Apply on The markets? ZigZagZug Indicator For MT4 is Used to ride strong trends. But how to find out when such a trend appears?
The answer comes from understanding trending conditions. One of the easiest ways to do that is to look for the price action to form higher highs and lower lows. More precisely, in a bullish trend (i.e. the price moves to the upside) the price action constantly makes higher highs and higher lows. Effectively, the market keeps breaking the highs while the swings lower aren’t strong enough to break below the previous low.The same is valid in a bearish trend (i.e. the price moves to the downside), only this time the market forms a series of lower lows and lower highs. While falling, the bearish trend’s bounces or spikes arent’ strong enough to break the previous swing’s highs. The inability of price to do that keeps the ZigZagZug indicator’s line intact.
