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Note that the last segment of the plot can change its direction drastically as a considerable future market move might occur.
Please make sure you understand the mechanism of zigzag before purchasing this indicator.
The ZigZag Percent indicator connects swing points if difference in prices exceeds a given percentage. A high swing point is a bar which price is greater than that of the previous and the following bar; conversely, a low swing point is a bar which price is lower than that of the previous and the following bar.
Features and Parameters:
How to use:
If you want to filter out minor market moves, such as price change less than 0.2%, then you can set ZigZag_Percentage to 0.2. The indicator will highlight all swing points that are greater than 0.2%.
If you want to add any feature to this indicator, please send us a Customization request.
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