ZigZag Pnts
From MultiCharts
The ZigZag Pnts indicator finds swing points that are at least some points defined by the RetracePnts input away from each other. A high swing point is where the price is higher than the previous or subsequent prices. A low swing point is where the price is lower than the previous or subsequent prices.
Default Inputs
Price( close ) sets the price value used for calculation.
RetracePnts( 5 ) sets the minimum point difference between swing points to plot.
LineColor( yellow ) sets the color of trendlines.
LineWidth( 1 ) sets the thickness of trendlines.
Plots
Values are not plotted. The indicator plots lines connecting high and low swing points.
