Indicator
breakout
btcusd
supertrend
commodities
xauusd
rsi
atr
crypto
signal
"ZigZag" logo
ZigZag
4.2
25/07/2025
2548
Desktop
"ZigZag" uploaded image

Pinescriptlabs Store indicators:                        Pinescriptlabs  Store cBots :  (cBot) Gold & BTC BreakoutSession Pivots(new)

 

Advanced Market Structure: Bos, Choch, SwinLevels, Order Blocks,  Market Structure & Liquidity Finder (New)

ZigZag Price Liquidity Projection

Trailing Smart Algorithm (new)

S&R Structural ZigZag                                

ZigZag

 BOS & CHOCH

Zones Supply Demand

Leverage Liquidation Map

Auto-Trend Channel


Volume POC Heatmap

 

PREMIUM SSL CHANNEL

Prediction Based on Linreg & ATR

 ICT Power of 3 
                                                   

SmartTrend Support &
Resistance
Lines
       

Fair Value Gap Sessions                
       
 

RSI Trend Trigger

Channel Breakout System

Supertrend

Market Imbalance

Adaptive Trend Channel 

Dynamic
Market Structure
Analysis
of
Turning
Points

Order Block

Fibonacci
Linear
Regression
Multi-timeframe

Dynamic RSI

Momentum Fair Value Gap

Market Flow Projection

Dynamic Trend Gradient

Multi-Level
Candle Bias
Tracker

Zig-Zag Extremity Tracker

Reactive Moving Average

Auto
Support and
Resistance
Trend
Lines

All
Support and
Resistance
Levels

Dynamic Range Momentum

The ZigZag Indicator: Simplifying Market Trends ๐Ÿ“‰๐Ÿ“ˆ

The ZigZag is a technical indicator that helps identify significant trend changes in an asset by filtering out minor market movements. Its primary purpose is to simplify visual price analysis by eliminating the "noise" of small fluctuations.

How It Works โš™๏ธ

  • ๐Ÿ“Š Analyzes prices to find significant turning points (pivots).
  • ๐Ÿ“ˆ A turning point is deemed significant when the price changes by a specific minimum percentage (deviation parameter).
  • ๐Ÿ”— Connects these turning points with straight lines, forming a "zigzag" pattern.
  • ๐Ÿ•’ Updates dynamically as new price data emerges.


Trading Utility ๐Ÿ’ก

Trend Identification ๐Ÿ“

  • ๐Ÿ” Helps visualize the primary market direction.
  • ๐Ÿš€ Makes it easier to spot bullish and bearish trends.
  • ๐Ÿ“ Clearly highlights key support and resistance levels.

Pattern Analysis ๐Ÿ“‹

  • ๐ŸŽฏ Simplifies the identification of chart patterns.
  • ๐Ÿ•ต๏ธโ€โ™‚๏ธ Highlights price formations like triangles, flags, and other patterns.
  • ๐ŸŒŠ Enhances clarity when recognizing Elliott waves.

Trade Management ๐ŸŽ›๏ธ

  • ๐ŸŽฏ Identifies potential entry and exit points.
  • ๐Ÿ›ก๏ธ Helps determine stop-loss levels based on previous pivots.
  • ๐ŸŽฏ Facilitates setting realistic price targets.

Volatility Analysis ๐ŸŒก๏ธ

  • ๐Ÿ“ The distance between pivots reflects market volatility.
  • ๐Ÿงฉ Helps adjust strategies according to the size of movements.
  • โณ Distinguishes between consolidation periods and directional trends.

Signal Confirmation โœ…

  • ๐Ÿ” Serves as a confirmation tool for other indicators.
  • ๐Ÿšช Validates breakouts of key levels.
  • ๐Ÿ”— Can be combined with other indicators for more robust strategies.


Key Considerations ๐Ÿง 

Itโ€™s Retrospective ๐Ÿ“…

  • โช Pivot points are only confirmed after the movement occurs.
  • ๐Ÿ”ฎ Itโ€™s not predictive on its own.
  • โš–๏ธ Should be used in combination with other indicators for decision-making.

Parameter Adjustments ๐Ÿ”ง

  • ๐ŸŽš๏ธ Sensitivity depends on the deviation percentage set.
  • ๐Ÿ” A smaller percentage shows more pivot points.
  • ๐Ÿงน A higher percentage filters out minor moves, showing only significant changes.

Timeframe Usage ๐Ÿ•’

  • ๐Ÿ•ฐ๏ธ Works on any timeframe.
  • ๐Ÿ”„ Parameters should be adjusted based on trading horizons.
  • ๐ŸŒ Analyzing across multiple timeframes offers a more comprehensive view.

๐Ÿ“ˆ Use the ZigZag indicator as a powerful tool to simplify analysis, identify trends, and improve decision-making in your trading journey! ๐Ÿš€


More from this author
Indicator
breakout
btcusd
supertrend
+5
Auto-Trend Channel
Adaptive trend channel using linear regression and Pearson correlation for dynamic support, resistance, and trends.
Indicator
breakout
btcusd
supertrend
+6
Order Block
Identify bullish and bearish Order Blocks to spot key support/resistance levels and potential trend reversals! ๐Ÿ“ˆ๐Ÿ”„
Indicator
breakout
btcusd
supertrend
+5
Zones Supply Demand
๐Ÿ“ŠZones Supply & Demand: Identifies key price levels with high volume concentration, marking Supply/Demand Zones & Marke
Indicator
breakout
btcusd
supertrend
+5
BOS & CHOCH
Market structural patterns , specifically the concepts of Change of Character (ChoCH) ๐Ÿ”„ and Break of Structure (BoS) ๐Ÿ’ฅ
Indicator
breakout
btcusd
supertrend
+6
Volume POC Heatmap
๐Ÿ“Š Shows volume by price levels, highlights POC, and key zones. Identifies dynamic support/resistance and imbalances.
Indicator
breakout
btcusd
supertrend
+5
Supertrend
๐Ÿ’น Define a price channel ๐Ÿ“ˆ and determine trend direction (bullish ๐ŸŸข or bearish ๐Ÿ”ด).
Indicator
breakout
btcusd
supertrend
+6
Fair Value Gap Sessions
identify and highlight temporary market inefficiencies known as "fair value gaps" ๐Ÿšจ within specific trading Sessions.
Indicator
breakout
supertrend
rsi
All Support and Resistance Levels
"Identify key market zones and visualize support/resistance from multiple timeframes on a single chart.
Indicator
breakout
indices
btcusd
+7
RSI Divergence
Detects bullish and bearish divergences
Indicator
breakout
btcusd
supertrend
+4
Dynamic Market Structure Analysis of Turning Points
Identify market structure effortlessly with swing highs, lows, CHoCH, and BOS levels for smart trading decisions! ๐Ÿ“Š๐Ÿ”"
Indicator
breakout
btcusd
supertrend
+4
Multi-Level Candle Bias Tracker
Price direction by calculating the probability of reaching new highs/lows. Shows levels & stats๐Ÿ“ˆ
Indicator
breakout
supertrend
rsi
Trend Heikin Multi MA
๐Ÿš€ TrendHeikinMultiMA: Advanced trend detection using Heikin-Ashi smoothing & MAs! Eliminates noise, confirms real trend
Indicator
breakout
supertrend
rsi
Market Trend OB
Price action to detect when the market changes trend (MSB) and defines, order blocks , ZigZag etc.๐Ÿ“Š
Indicator
breakout
supertrend
rsi
Leverage Liquidation Map
๐Ÿ“Š Liquidation Map: Potential areas where highly leveraged investors might face liquidations.
Indicator
breakout
bollinger
supertrend
+3
Fibonacci Linear Regression Multi-timeframe
Combining Fibonacci levels and regression to analyze multidimensional market trends across multiple timeframesยก
Indicator
breakout
supertrend
rsi
Zig-Zag Extremity Tracker
Dynamically adjusts regression channels based on ZigZag extremes, resetting when price breaks bands to track real trends
Indicator
breakout
btcusd
supertrend
+6
Market Imbalance
Identifies market imbalances and visually marks key areas based on price patterns and volatility (ATR).
Advanced Market Structure Bos,Choch,SwinLevels, Order Blog
Advanced price action toolย that combines multiple technical analysis concepts
You may also like
Indicator
commodities
xauusd
FVG_tidypips
A Fair Value Gap (FVG) indicator that identifies potential price imbalances, potential reversal and continuation zones
Session Highlight Framer
Frame the sessions
AllPattern
๐Ÿ” Discover All Candlestick Patternsโ€ฆ Absolutely Free!
EURUSD Breakout Indicator
Breakout Multi-Timeframe Strategy Indicator
Head Shoulders Finder
Detects Head & Shoulders patterns, plots signals, and alerts for trading opportunities.
Indicator
breakout
AutoLinesโ„ข Support & Resistance
FlexSR autoโ€‘detects pivot highs/lows to plot dynamic support & resistance lines Features customizable styling and option
pATR
An indicator that redefines ATR by applying a percentile-based filter giving traders a grounded view of volatility.
Indicator
forex
breakout
prop
+9
IBS Indicator
IBS Indicator โ€“ Measures price position within bars for smarter trades. Works on all markets & timeframes.
Tape reader
TAPE READER :-)
Indicator
breakout
btcusd
supertrend
+5
Supertrend
๐Ÿ’น Define a price channel ๐Ÿ“ˆ and determine trend direction (bullish ๐ŸŸข or bearish ๐Ÿ”ด).
Indicator
forex
indices
prop
+5
New Way Sar - Pro
The Parabolic SAR, or "Stop and Reverse," is a dynamic technical analysis tool
Zero Lag Exponential Moving Average
ZLEMA (Zero Lag EMA) is a faster, smoother version of EMA, ideal for capturing quick market shifts and trends.
Zero Lag MACD
Zero Lag MACD delivers ultra-responsive trend and divergence signals with minimal lag, empowering timely Forex entries.
Pivot Point Super Trend
Laser entries with pivot confirmation. No repaint, all timeframes. Professional results.
Volume-Powered Market Flow Projector
Project market behavior by integrating price and volume data across multiple time dimensions
Indicator
breakout
bollinger
supertrend
+3
Support Resistance Indicator
A custom support resistance indicator, specifically designed for scalping techniques.
Indicator
scalping
Cross EMA Pro
Cross EMA Pro โ€“ Trend Reversal Indicator
Parabolic SAR Alert
Parabolic SAR Alert - Trend reversal alerts with smart signals & custom alerts.