RE: [Crypto Trading Using Zig Zag Indicator] - Crypto Academy /S6W1-Homework Post for kouba01
Hello @nackasnelson,
Thank you for participating in the 1st Week Crypto Course in its 6th season and for your efforts to complete the suggested tasks, you deserve a Total|7.25/10 rating, according to the following scale:
| Criteria | Rating |
|---|---|
| Originality | 1/ 2 |
| Compliance with topic | 1.25/1.5 |
| Consistency of method | 1.5 / 2 |
| Quality of analysis | 1/ 2 |
| #club5050 | 1/1 |
| Clarity of structure and language | 1.5 / 1.5 |
My review:
A good work in which you touched on all the questions with interpretation and analysis, with some variation in the effectiveness of the answers.
You have shown an excellent understanding of Zig Zag as a trading indicator and a good explanation of how to calculate it.
In the second question, you gave an acceptable explanation of the main settings of the Zig Zag indicator and how to configure them and with the possibility of going deeper into the explanation of changing the settings.
Regarding your third question, a good explanation of how to predict whether the trend will be bullish or bearish based on the use of the Zig Zag indicator and without touching on how to identify buy/sell points.
In the fourth question, you briefly identified support and resistance levels when trading using the Zig Zag indicator.
For the fifth question, an acceptable understanding and analysis of the various movements of the Zig Zag and CCI indicators to indicate buy/sell signals.
In Question 6, coupling RSI and EMA indicators with Zig Zag improved them as an indicator and helped get rid of false signals.
We thank you again for your effort and we look forward to reading your next work.
Sincerely, @kouba01