The zig zag indicator is used to help identify price trends. Stocks have their own trading patterns, so it is likely that traders will need to optimize the zig zag indicator’s percentage setting. (For further reading, see: How do I use the Zig Zag Indicator to Create a Forex. Learn what the zig zag indicator formula is and how it is calculated while learning how important it can be in your trading strategy. The ZigZag feature on SharpCharts is not an indicator per se, but rather a means to filter out smaller price movements. A ZigZag set at 10% would ignore all.
The ZigZag indicator is a very diverse indicator that allows for a huge versatility in both trading and analysis. We use the MetaTrader 4 ZigZag indicator for. Zig Zag technical analysis indicator, used to identify large trends in stock, futures, or forex markets, how to interpret the Zig-Zag % and points indicator. Details. Zig Zag Indicator — Check out the trading ideas, strategies, opinions, analytics at absolutely no cost!.
The ZigZag Indicator is one on those indicators, that at a misleading first glans, seems to be the "Holy Grail" of all indicators for finding the Tops.