ZigZag Interpretation:

The advantage of the ZigZag indicator is that it displays the most relevant price movements by eliminating the smaller movements. The sensitivity of the 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 or close).

This indicator is very visual and can be useful in breaking down the Elliot Wave evolution of a security.

Return from ZigZag to Using Indicators

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