Smoothing ZigZag Swings with XMACandles
Summary
The document describes a ZigZag indicator built from XMACandles indicator candles. It characterizes the result as a smoothed form of ZigZag, which presents price movement as swings using the underlying candle representation. This is an indicator description rather than a complete trading system: it does not specify entry or exit rules, parameter choices, or how to interpret signals in a particular market.
The indicator depends on a separately compiled XMACandles file being available in the platform's Indicators folder. Without that dependency, the described indicator will not operate correctly. The document provides no charts, backtest, performance evidence, or discussion of repainting and other ZigZag limitations, so it does not establish whether the smoothing improves decisions or results.
Key ideas
- The indicator derives ZigZag swings from XMACandles indicator candles.
- Its purpose is to provide a smoothed representation of price swings.
- Operation requires the compiled XMACandles indicator dependency.
- No trading rules or performance evidence are provided.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.