TAF Indicator: A Channel Based on a Simple Zigzag Algorithm
Summary
The document identifies TAF as a channel indicator whose algorithm is described as resembling a basic Zigzag. It names the original author and notes that an MQL4 version was first implemented and published in 2008. Beyond that brief description, it does not explain the channel’s calculation, parameters, chart interpretation, or how a trader might use it.
No trading rules, examples, performance evidence, or comparison with other channel or Zigzag tools are provided. The description is therefore useful only as a minimal pointer to the indicator’s general character and history. Readers cannot infer from this material how the channel responds to price changes or whether it repaints, nor can they assess its suitability for a strategy without consulting a fuller specification and testing it independently.
Key ideas
- TAF is described as a channel indicator using an algorithm similar to a simple Zigzag.
- The document credits Poul_Trade_Forum as the author.
- An MQL4 implementation was published in 2008.
- The document provides no formula, trading rules, examples, or performance evidence.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.