Fractal Zig-Zag (No Repainting)
Free MT4 Indicator
This indicator is very simple: it shows signals triggered using Fractals and the original ZigZag indicator without any further filtering.
It does never -ever- repaint a past signal and therefore it useful to study the real behavior of the ZigZag -which does repaint- as a trading tool over time. As you can see, many signals are repainted by ZigZag indicator over time.
It depends on original MetaQuotes ZigZag indicator.