Indicator - ZigZag
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Definition ZigZag
The Zig-Zag indicator consists of straight lines that change slope when there is a change in price above the specified amount (in percentage or in points).
Interpretation ZigZag
The advantage of this indicator is that it displays the most relevant price movements by eliminating the smaller movements.
The sensitivity of representation of these fluctuations is determined by a percentage or by a number of points which can be applied to the price (open, high, low, close).\n This indicator is very visual and can be useful in breaking down the Elliot Wave evolution of a security.
