Road Map indicator: an alternative to the classic ZigZag
Road Map indicator is a variant of the popular ZigZag trend indicator, built, in contrast to the classical version, on the principles of Stanislav Chuvashov's wave theory.
![Road Map indicator](https://i0.wp.com/files.fortrader.org/uploads/2015/09/Road-Map-391x293.png?resize=391%2C293)
The Road Map indicator plots the following markup on the price chart:
- pulse waves (thick oblique lines);
- Correction waves (thin oblique waves);
- series of waves upwards (blue);
- series of waves downward (purple);
- wavelengths (numbers near the ZigZag vertices);
- breakdown levels of a series of waves (short green and red lines);
- targets for taking profit (Fibonacci grid from the start line of the wave series).
According to ForTrader.org experts, Road Map indicator - is an excellent alternative to the ZigZag indicator, which can be used not only in trend trading strategies, but also become a powerful tool for analyzing the currency market.
Other modifications of the ZigZag indicator
![EMMA indicator](https://i0.wp.com/files.fortrader.org/uploads/2014/11/EMMA-443x214.png?resize=443%2C214)
![Cor Zig Zag indicator](https://i0.wp.com/files.fortrader.org/uploads/2014/07/EURUSDH111-443x227.png?resize=443%2C227)
![Parabolic_ZZZ - graphical indicator](https://i0.wp.com/files.fortrader.org/uploads//2012/01/Parabolic_ZZ-443x214.png?resize=443%2C214)