Pattern Indicator ABC_RG_VV_zhig: Trade on Wave Patterns
ABC_RG_VV_zhig pattern indicator, authored by a forum user forexsystemsru.com P123, is designed to recognize the following basic 5-wave patterns by zigzag vertices and shading:
- trend pulse 12345 or i-ii-iii-iv-v;
- волна Вульфа 1w 2w 3w 4w 5w — 6ww;
- triplet with a central triplet = A-B(avs)-C;
- elementary triple ABC (3-wave pattern);
- diagonal abcde;
- divergent diagonal of several types, including a divergent triangle;
- horizontal triangles of several types (Gorizontal Inclined, Inclined Running, Inclined Skewed, Running Skewed), which are used as bundles in combinations in place of wave B or 4th;
- as well as many modifications, for which up to 17 zigzag break points + up to 5 correction points are used to determine.
The modifications of the base 5-wave pattern are logical conditions, based on which the "buckling" of the preceding waves and figures to the base pattern takes place, and the attempt to determine a larger wave pattern. It should be understood that the determination of the base pattern and its modifications is carried out by the logical analysis of tops, obtained at this particular given step of a zigzag indicator. It is necessary to take into account, that the zigzag can both skip important points from the point of view of BA and give "unnecessary" points when determining the tops. When you change the step, the model may also change. The adequacy and applicability of the obtained markings and figures is solely the trader's own decision.
ABC_RG_VV_zhig pattern indicator has advanced settings, a guide to their settings can be downloaded along with the indicator.
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