The periods for each of the three zigzags vary. These are small, medium, and large dots. Instead of putting zigzag lines on the chart, this indicator draws dots at the zigzag places.
The three levels of the indicator differ by the maximum and lowest values of three separate periods: short-term rapid, medium-term slow, and long-term slow. The dots vary in size and color, and they are numbered 1 to 3.
The colors of the circles symbolize how you will trade and where the markets will move. The orange circle represents number 1, purple marks number 2, and the yellow circle illustrates number 3.
You can also adjust the settings of the dots depending on the shorter or longer-term strategy.
This indicator generates BUY and SELL signals at dot 3. The other two dots mark short-term market momentum. While looking for trading signals, forex traders should enter at dot 3.
