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ZigZag Support Resistance Indicator

  • This indicator indicates the highest highs, lowest lows of the market.
  • This indicator makes a pattern of zigzags by observing the changes in the market.
  • This indicator shows a Support line which observes from the zigzag pattern and places the line accordingly so that the trader can place orders.
  • This indicator shows a Resistance line which observes from the zigzag pattern and places the line accordingly so that the trader can place orders.

Support line predicts from the zigzag pattern the point from where the market will not descend further and can only ascend from that point which makes it easier for the trader to place trades accordingly.

Resistance line predicts from the zigzag pattern the point from where the market will not ascend further and can only descend from that point which makes it easier for the trader to place trades accordingly.


Input Parameters

  • Depth
  • Deviation
  • Back Step
  • Line Width
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