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Your ZigZag looks like it's too slow, can you set it to a shorter length?
You are missing some swings on it. If you had it quicker, you would have another swing there. And if you are buying, and price on the 377 makes a LL, you must have a DB to take a trade.
Can you help answer these questions from other members on NexusFi?
I did,nt post about this indicator before, but it gives you a numerical number on MA slope and can be downloaded from futures.io (formerly BMT) indicators under MA Slope Multi. I have set it to WDS 21.
That's what I was referring to when I said I tried to tweak the SC ZigZag as similar as possible to the ZigZagUTC. I find this SC ZigZag pretty weird.
Can you post your chart so I can compare?
As for the 377 tick chart, I thought, but I might be mistaken, that on the 377 chart, for longs, a LL could take place if there was a divergence on the Stochastics, as was the case here. Or is it only if a DB with divergence forms?
yes it was, I did not take it as we were very close to the days highs. Market looking very sluggish on the highs
We started off the day around 7:30 cst down nearly 100 points and this huge rally has been a 130 point swing off the lows, a period of congestion is probably in order
Just to confirm, what forrestang and I were discussing, for a long setup on the 377 tick chart, is a LL permitted as long as we get a divergence on the stochastics, or does it have to form a DB (meaning no LL allowed) with divergence?
No I dont trade LL divergence - if price does there must be a dbl btm in price. many times if it does dbl btm it will occur inside the ZigZag swings and appear as a head & shoulders look.
These are very hard to see to the un trained eye, so I advise you to stick to the basic setup
