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Indicators: ZigZag

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ZigZag:

ZigZag Indicator tracks and connects extreme points of the chart, the distance between these points

Author: MetaQuotes Software Corp.

[Deleted]

I want to know how to use zigzag pointer

Great indicator, thanks Metaquotes! I think one can use it to read elliot wave patterns into price movement.

This indicator does not work correctly.


The deviation parameter has absolutely no effect.


Bugged program.

serge103:

This indicator does not work correctly.


The deviation parameter has absolutely no effect.


Bugged program.

I'm not sure what you are talking about but the ZigZag indicator is very useful and accurate. 

And here is a tip for you: settings of 5,5,3 are far more useful than settings of 12,5,3 

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