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Zig Zag Pattern - Imp

The Zig Zag indicator plots points on a chart whenever prices reverse by more than a pre-set percentage, typically 5%. Straight lines are then drawn connecting these points to identify trends by eliminating random price fluctuations. The indicator helps traders identify trend changes by only appearing when there is a significant price movement between a high and low point greater than the specified percentage.

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anwar uddin
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304 views1 page

Zig Zag Pattern - Imp

The Zig Zag indicator plots points on a chart whenever prices reverse by more than a pre-set percentage, typically 5%. Straight lines are then drawn connecting these points to identify trends by eliminating random price fluctuations. The indicator helps traders identify trend changes by only appearing when there is a significant price movement between a high and low point greater than the specified percentage.

Uploaded by

anwar uddin
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Zig Zag Indicator Definition


By JAMES CHEN
 Updated Jul 29, 2019
What is the Zig Zag Indicator?
The Zig Zag indicator plots points on the chart whenever prices reverse by a
percentage greater than a pre-chosen variable. Straight lines are then drawn,
connecting these points. The indicator is used to help identify price trends. It
eliminates random price fluctuations and attempts to show trend changes. Zig
Zag lines only appear when there is a price movement between a swing
high and a swing low that is greater than a specified percentage; often 5%. By
filtering minor price movements, the indicator makes trends easier to spot in
all time frames.

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