The Zig Zag Indicator

To use the zig zag indicator, a percentage of price movements must be set. Although the default value for a zig-zag is 5%, a setting of 10% would ensure that only price fluctuations of 10% or more would be shown in the chart with a line plotted overlapped on the price as shown in the above image.

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What is a ZIGZAG Indicator? How to interpret a dominance of a trend? | Finwings Academy

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