Originally Posted by xard777

Hi Exciter135,

Yes, a lot of people do go on about the repainting of the zigzag and derivatives thereof.

I myself find that the zigzag is the most useful tool in identify the main trend and current market direction.

I also like the Fibonacci sequence and have been applying it to zigzag and 3 semafor indicators with much success.

fibo seq...1,1,2,3,5,8,13,21,34,55,89,144,233,377,610...

from above seq I am using on 3 semafor (13,34,89)

and on zigzag I am using...
zigzag 5 (610,5,3) White width 22
zigzag 4 (233,5,3) Crimson width 16
zigzag 3 (89,5,3) Lime width 10
zigzag 2 (34,5,3) Blue width 4
zigzag 1 (13,5,3) White dot

I am also using Stochastic (5,3,3) signalmode 3 and waiting for the crossover before considering entering the market on a 30min chart.

I hope this helps in your search for a suitable strategy.

All the best

Xard777