Instead of tracing price movement via a line, it connects three points and draws a triangle filled in either blue or red color. This variant of the standard indicator offers more visualization. This strategy will use a modified version of the MT4 ZigZag indicator, the “ Zig zag 2vf“. Instead, it is based on the ZigZag indicator that is standard in the MT4 platform. The Triangle retracement Strategy For MT4 is not a price action strategy that depends on triangle chart patterns that most traders interpret as an indication of a trend continuation. It’s a versatile forex scalping trading system that can be applied to trade all kinds of forex currency pairs and fits all sorts of timeframe charts. It mainly works based on Zig zag 2vf but uses a few more indicators. Triangle Retracement System is an MT4 Strategy that gives easy-to-use buy/sell signals.
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