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Zig Zag Indicator

Posted By: TradersLog

The Zig Zag indicator illustrates the most important price reversals by filtering out changes less than a specified amount.

The indicator is created by straight lines being drawn between points on a chart where prices have reversed by at least the amount specified.

Zig Zag Indicator

Chart courtesy of Prophet Financial Systems (www.prophet.net)

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Categories Articles, Technical Analysis | Tags: Technical Analysis, Technical Indicators

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