How to use the Modified Fractal Mode for your peak trough analysis.
There is always balance (trade off) in this world. Do not get frustrated with this because it is the universal law. Simply nothing is perfect in this world.
Assuming that you understood this principle, here are some information on how to use the peak trough analysis in two different mode.
Zigzag mode of the peak trough analysis can help you to detect the peak and trough without lagging but the fast detection will trade off with redrawing or repainting signals. Many traders know this already but I am just repeating this for someone new.
Instead, you can use the modified Fractal mode of the peak trough analysis if you do not like the repainting signal. The modified Fractal mode of the peak trough analysis will never redraw or repaint.
However, the modified fractal mode will detect peak and trough slow and it will lag. Also the modified fractal mode will show you more peak and trough for your analysis. Therefore, you have to filter many insignificant peaks and troughs by yourself. In a way, Zig Zag mode is convenient.
Which one you want to use for the peak-trough analysis is entirely up to you. It is really depending on your trading style.
The peak trough analysis is the ultimate tool that you can study the financial market with dominating price patterns of equilibrium Fractal Wave process. You can do many things in terms of pattern detection. See the screenshot to understand what is the equilibrium Fractal wave process.
Equilibrium fractal wave process is literally the frequently occurring price patterns in the financial markets last 85 years for some very reason. If you like to dig deeper on how to trade with these price patterns beyond the simple peak trough analysis, you can read this book:
“Price Action and Pattern Trading Course: Theory to Practice with over 85 years of Evidence” (Link on Amazon: https://www.amazon.com/dp/B073T3ZMBR)
Currently this is only book covering the full details about the equilibrium fractal wave process. It also covers the practical trading strategy on how to trade with these frequently repeating price patterns in the financial markets.
This is not an adverts for the book. If you do not want to read, it is absolutely fine. We do not make money out of selling the book. Peak Trough Analysis tool is also free tool too. Please understand that writing book with over 240 pages is really not easy. We only point this out just in case someone want to know some reference source to fully understand what are the equilibrium fractal wave process and the price patterns in the financial markets and how we trade with these patterns. Of course, if you have the solid understanding on how the financial market move, then you can trade better too. That is the whole idea behind this book.