Indicator Wave Cipher Fib ZigZag Trend Finder for TradingView

Currency Pairs: Any

Timeframes:  Any

Minimum Deposit: Any

Recommended Account Type: ECN or Raw Spread

Leverage: From 1:30 to 1:1000

Recommend broker: Roboforex
Recommend Vps: GoVPSFX
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Indicator Wave Cipher Fib ZigZag Trend Finder for TradingView is a versatile indicator that combines wave analysis, Fibonacci levels, and ZigZag to identify market trends and key turning points. It is designed to simplify technical analysis and improve the accuracy of trading decisions.

Key Features:
– ZigZag-Based: Filters out price noise by highlighting significant highs and lows using the ZigZag algorithm without redrawing signals.
– Fibonacci Levels: Automatically plots key retracement and extension levels (0.236, 0.382, 0.5, 0.618, 0.786) based on wave movements to predict support/resistance zones.
– Wave Analysis: Identifies market waves to help recognize trends and corrections, including patterns such as Elliott Waves.
– Trend signals: Generates entry/exit signals based on Fibonacci crossovers and wave direction changes.
– Customizability: Allows you to adjust ZigZag parameters (Depth, Deviation, Backstep), Fibonacci sensitivity and visual elements.
Application:
The indicator is suitable for all timeframes and assets. It helps traders identify entry/exit points, confirm trends and find reversal zones. For example, a buy signal can be formed when the price bounces off the 0.618 Fibonacci level in combination with ZigZag confirmation. For increased accuracy, it is recommended to use with other indicators such as RSI or MACD.