The Zig Zag indicator plots points on the chart whenever prices reverse by a percentage greater than a pre-chosen variable. Straight lines are then drawn, connecting these points. The indicator is used to help identify price trends. It eliminates random price fluctuations and attempts to show trend changes. Zig Zag lines only appear when there is a price movement between a swing high and a swing low that is greater than a specified percentage; often 5%. By filtering minor price movements, the indicator makes trends easier to spot in all time frames.
Buy when the price is blue or green choose your favorite up color and arrow is up. sell when the price is red or orange choose your favorite up color and arrow is up.
so cool thank you very helpful would be neat if support and resistance was built in but this alone is fantastic thanks again
afsal_p4a
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hi guys should I tick or untick the repaint box to avoid repainting?
elcronje
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hi i think you made a mistake with the buy and sell explanations did you not mean ; sell when the price is red or orange choose your favorite color and the arrow is down? you said when the arrow is up
gd449527
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@elcronje, solved the issue how , how do I get it to not repaint ?
elcronje
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@gd449527, i guess you just untick the repaint block in the settings,