Zigzag
Trend
- What it shows
A line that joins the main swings of price and ignores the small moves between them.
- How it is built
A new leg is drawn when price reverses by more than the chosen percent from the last extreme, and the last leg can still change until a reversal is confirmed.
Default: Deviation 5 percent, pivot legs 10.
- How traders read it
- Makes the major swings easy to see.
- The last segment can be redrawn, so do not treat it as final.
- Useful for measuring swings and finding patterns.
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