Trading view has very simple & Easy to use tools in it , People just complicate and try to make forecast which often fall to make move
i have used the Zig Zag Indicator for understanding the Wave Count , although i take account of Higher time frame but for you Guys to understand i am using 4 Hour chart , i have made an Modification in the Zig Zag Tool , in the place of Regular setting i have replaced to Most effective settings
the settings are
20 Period
3 Stander ed deviation
Chart time frame 4 Hour , it does not matter on what time frame you use , but must consider the termination of current trend /Wave count will occur on that particular time frame based only
As Professional Analyst for me its easy but for many its difficult to understand so one who is reading or trying to understand wave theory this post might help them
Good luck and keep learning
i have used the Zig Zag Indicator for understanding the Wave Count , although i take account of Higher time frame but for you Guys to understand i am using 4 Hour chart , i have made an Modification in the Zig Zag Tool , in the place of Regular setting i have replaced to Most effective settings
the settings are
20 Period
3 Stander ed deviation
Chart time frame 4 Hour , it does not matter on what time frame you use , but must consider the termination of current trend /Wave count will occur on that particular time frame based only
As Professional Analyst for me its easy but for many its difficult to understand so one who is reading or trying to understand wave theory this post might help them
Good luck and keep learning
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