... and the winner is

[wasp]

Whilst bored and watching the run up into Christmas I was playing with the million to one indicators available with my chart program.

One of last ones I looked at was the 'zigzag'... I think this has to win the award for the most stupid and pointless indicator I have ever seen! It extends to the point of a reversal, until, the price moves higher (or lower - depending on what your looking for) then it will up/down to each bar then as each candle/bar moves higher/lower, it follows it. There is no way it can show anything.

Unless I'm missing something, it really does seem the most bizarre and worthless invention!

Anyone think of any worse?

 

[Trader333]

.....There is no way it can show anything.

Based on that it is probably as much use as most other indicators in my view


Paul

 

[wasp]

Yeah but at least some can give a slight indication of whats happening, the zigzag one is a joke...

It's reversing, actually no, its moved higher, so we'll move the line up and 'now' its reversing, no its going up again, so we'll move the line again and now... (and so on)

I don't use any of them myself but it was amusing watching this one... Oh, and 'fractels', just as bad.