ZigZag Pnts
Revision as of 14:13, 3 September 2021 by KateMultiCharts (talk | contribs) (Created page with "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 high...")
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.
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
Plot
Values are not plotted. The indicator plots lines connecting high and low swing points.