ZigZag Pnts

Definition

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

HighPivotPrice - price value indicating the pivot high

LowPivotPrice - price value indicating the pivot low

RetracePnts - minimum point difference between swing points to plot

LineColor - trendlines’ color

LineWidth - trendlines’ thickness

Plots

Values are not plotted. The indicator plots lines connecting high and low swing points.