Zigzag Indicator

Technical analysis serves as a pivotal element in traders' decision-making processes within financial markets, with the Zig Zag indicator emerging as a commonly employed tool for this purpose. This piece aims to delve into the Zig Zag indicator, elucidating its functionality, operational mechanisms, and pragmatic integration into trading strategies.

When analyzing price movements on the chart before placing orders, traders can be hindered by minor price fluctuations - market noise. It is difficult for them to see significant trends, and it is easy to make a false forecast. There are numerous indicators designed for outlining the cycles and waves on a chart, and Zig Zag is one of them. It allows you to cut off the price noise and more accurately identify the key trend, significant price changes, reversals, and other important trend changes.