Zigzag and Trend
ZigZag and trend indicator is a great tool that will allow you to predict trend changes or confirm the current trend in a quick and intuitive way on the chart. The indicator draws support lines when the trend is bullish or resistance lines when the trend is bearish. The indicator also draws the popular ZigZag lines and shows buy and sell signals in the form of bullish or bearish arrows.
- Bars to draw: Reduce memory consumption when working with large amounts of data. This allows you to insert the number of bars you want to draw and avoid the software's slowness.
- Speed: Select one of the three options available, faster identifies trend changes in a fast way but with less pressure, Slow is slower but more reliable.
- Resistance / support Range: The number of candles based on which levels of support and resistance are calculated.
- DrawZigZag: Draw zigzag.
- ZigZag Length: This is the number of candles on which the ZigZag lines are calculated.