Forex encyclopedia

Random article: Zig-Zag indicator
Zig-Zag indicator is a famous indicator (overlapping) represented by lines that connect extreme prices (minimum and maximum).  Zig-Zag measures price changes as percentage and ignores those does not matching certain criterion. In other words, Zig-Zag is a price filter of a particular kind, because it is able to filter insignificant fluctuations of price. Until change for a scheduled percentage takes place, the line moves along with price. When price changes for the value beyond scheduled value , the line takes a reversal into another side. Thus, chart price is formed by curves (zig zag).
Popular article: Wolfe Waves Indicator
Wolfe Waves – one of the numerous methods for market analysis. The method based on Wolfe Waves does not imply indicator, it uses wave analysis. An author of strategy is a professional trader and analyst Bill Wolfe. The difference of analysis based on Wolfe Waves from Elliot Wave Theory is that analysis is made on the spot, because marking is not required on high or low time-frames.
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