Zig Zag

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The Zigzag indicator is a series of section lines connecting significant tops and bottoms at the price plot.
Minimum price change parameter determines the percentage for the price to move in order to form a new "Zig" or "Zag" line. This indicator eliminates those changes on the plot we analyze that are less than the given value. Therefore, the Zigzag reflects significant changes only.
In most cases, we use Zigzag to facilitate the perception of plots as it shows only the most important changes and turns. You can also reveal Elliot Waves and various figures on the plot with its aid.