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It is AO and RSI is in Black which i use to create those Fibs and Channels .. if you put AO and RSI ( in black ) zoom out you will get the same result.
I am new user. I read the next post but i cant understand how can i get best result from zup indicator and what the
best setting for this indicator.
1) what s the usage of this indicator and how combine it with zup_v78 : CZigZag + DT_ZZ_nen + ZigZag_new_nen4 + Swing_ZZ_1 ?
2) whats the best setting and whats changing in zup_v78 ?
ZUP it is a shorcut. The full name of it is "Zigzag Universal Pesavento". ZUP is created by Nen - Eugeni Neumoin to find Harmonic Patterns. Harmonic Patterns mostly are found by well known trader Larry Pesavento. First you shoud learn about all Harmonic Patterns what they are and how do they look like. You should learn all retracements of them. Harmonic Patterns are called XABCD formations as well. To trade them according to Larry Pesavento method learn how to find D and trade after D. There is no shortcut in this method.
ZUP that is created by Nen ( credit always to him because you can have it for free !!!) is a very big tool. There is spiral, chanels, Fibo Zones, Andrew's Pitchfork in this tool and even more. You can do many things with ZUP's and there are many settings. There is no the best settings because everyone trades by himself and uses what he likes. Trading it is an art.
ZUP it is a shorcut. The full name of it is "Zigzag Universal Pesavento". ZUP is created by Nen - Eugeni Neumoin to find Harmonic Patterns. Harmonic Patterns mostly are found by well known trader Larry Pesavento. First you shoud learn about all Harmonic Patterns what they are and how do they look like. You should learn all retracements of them. Harmonic Patterns are called XABCD formations as well. To trade them according to Larry Pesavento method learn how to find D and trade after D. There is no shortcut in this method.
ZUP that is created by Nen ( credit always to him because you can have it for free !!!) is a very big tool. There is spiral, chanels, Fibo Zones, Andrew's Pitchfork in this tool and even more. You can do many things with ZUP's and there are many settings. There is no the best settings because everyone trades by himself and uses what he likes. Trading it is an art.
In ZUP_v78 are implemented Equilibrium lines.
thanks pucio
but can you tell me whats your trading system and setting that you use it with zup ?
thanks pucio
but can you tell me whats your trading system and setting that you use it with zup ?
I use a lot of settings. My trading method is based upon Larry Pesavento patterns so I use harmonic method combine with Median Line. I trade Harmonic Patterns from different dimensions.
Red line is a line that is called Equilibrium. Equilibrium means balance so this line shows balance between action and reaction forces of the XABCD pattern. You can call it Median Line as well. Yellow lines are reaction lines. You can use it as resistance, target lines, lines that help you find D as well.
I use a lot of settings. My trading method is based upon Larry Pesavento patterns so I use harmonic method combine with Median Line. I trade Harmonic Patterns from different dimensions.
