Indicator
RSI
Breakout
XAUUSD
ATR
Commodities
Signal
Supertrend
Crypto
BTCUSD
ZigZag
"ZigZag" logo
4.2
25/07/2025
2761
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€


4.2
Reviews: 4
5
50 %
4
25 %
3
25 %
2
0 %
1
0 %
Customer reviews
July 9, 2025
Pros: Simple and flexible settings, clear swing visualization, stable performance on major assets. Cons: No alerts or Fibonacci tools, lacks swing statistics, requires additional confirmation for trading decisions.
June 11, 2025
Wow
May 19, 2025
This just takes emotion away from trading. its great good work pal. i would also like to buy the source code from you.
May 2, 2025
can I buy the source code from you please?
More from this author
Indicator
RSI
Breakout
XAUUSD
+5
Auto-Trend Channel
Adaptive trend channel using linear regression and Pearson correlation for dynamic support, resistance, and trends.
Indicator
RSI
Breakout
XAUUSD
+6
Order Block
Identify bullish and bearish Order Blocks to spot key support/resistance levels and potential trend reversals! ๐Ÿ“ˆ๐Ÿ”„
Indicator
RSI
Breakout
XAUUSD
+5
Zones Supply Demand
๐Ÿ“ŠZones Supply & Demand: Identifies key price levels with high volume concentration, marking Supply/Demand Zones & Marke
Indicator
RSI
XAUUSD
Breakout
+5
BOS & CHOCH
Market structural patterns , specifically the concepts of Change of Character (ChoCH) ๐Ÿ”„ and Break of Structure (BoS) ๐Ÿ’ฅ
Indicator
RSI
Breakout
XAUUSD
+6
Volume POC Heatmap
๐Ÿ“Š Shows volume by price levels, highlights POC, and key zones. Identifies dynamic support/resistance and imbalances.
Indicator
RSI
Breakout
Supertrend
All Support and Resistance Levels
"Identify key market zones and visualize support/resistance from multiple timeframes on a single chart.
Indicator
RSI
Breakout
XAUUSD
+6
Fair Value Gap Sessions
identify and highlight temporary market inefficiencies known as "fair value gaps" ๐Ÿšจ within specific trading Sessions.
Indicator
RSI
Breakout
XAUUSD
+5
Supertrend
๐Ÿ’น Define a price channel ๐Ÿ“ˆ and determine trend direction (bullish ๐ŸŸข or bearish ๐Ÿ”ด).
Indicator
Indices
RSI
XAUUSD
+7
RSI Divergence
Detects bullish and bearish divergences
Indicator
RSI
Breakout
XAUUSD
+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
RSI
Breakout
XAUUSD
+4
Multi-Level Candle Bias Tracker
Price direction by calculating the probability of reaching new highs/lows. Shows levels & stats๐Ÿ“ˆ
Indicator
RSI
Breakout
Supertrend
Trend Heikin Multi MA
๐Ÿš€ TrendHeikinMultiMA: Advanced trend detection using Heikin-Ashi smoothing & MAs! Eliminates noise, confirms real trend
Indicator
RSI
Breakout
Supertrend
Market Trend OB
Price action to detect when the market changes trend (MSB) and defines, order blocks , ZigZag etc.๐Ÿ“Š
Indicator
RSI
Breakout
Supertrend
Leverage Liquidation Map
๐Ÿ“Š Liquidation Map: Potential areas where highly leveraged investors might face liquidations.
Indicator
RSI
Breakout
Supertrend
+3
Fibonacci Linear Regression Multi-timeframe
Combining Fibonacci levels and regression to analyze multidimensional market trends across multiple timeframesยก
Indicator
RSI
Breakout
Supertrend
Zig-Zag Extremity Tracker
Dynamically adjusts regression channels based on ZigZag extremes, resetting when price breaks bands to track real trends
Indicator
RSI
Breakout
Supertrend
Swing Levels
๐Ÿ” Automatically detect support and resistance levels based on "swings" or pivots
Advanced Market Structure Bos,Choch,SwinLevels, Order Blog
Advanced price action toolย that combines multiple technical analysis concepts
You may also like
BWMFI_Visual
BW_MFI Vizual colors bars
True Trend H4
It draws a step line that visualize the movement of H4. Particularly effective when trade on lower timeframe.
Indicator
VWAP
ZigZag
Weis & Wyckoff System v2.0
Weis & Wyckoff System v2.0
SupertrendHTF
Overlay higher-timeframe SuperTrend to filter noise, follow real trends, and avoid lower-timeframe whipsaws. As
Vice TrendTrading
Unlike most indicators that show signals blindly, this show valid entries inside TREND ZONES and visual trend BACKTESTS.
Indicator
Indices
Prop
Commodities
+3
[Hamster-Coder] Moving Average MTF
Universal multi time frame 'Moving Average' indicator with extended features
Indicator
Indices
Commodities
Stocks
+2
XY Bar Info Panel v1.5
Overlay panel showing bar date/time, OHLC, tick Volume, percent change, and market session - fully customizable.
VWAP - London Open
VWAP Set to London Open
Indicator
Grid
NAS100
NZDUSD
+15
TS_Pivot
Those who are involved in trading know how important it is to take into account the previous session. With Order Block
Previous Day Equilibrium (Premium & Discount)
Plots the equilibrium price levels based on previous daily highs and lows.
Indicator
RSI
Breakout
XAUUSD
+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
RSI
Breakout
Supertrend
Adaptive Trend Channel
๐Ÿ“Š Visualize market trends more clearly and dynamically
Indicator
Breakout
3 Bar Triangle by Linda Raschke
3 bar triangle = high below 2 day high, low above 2 day low
Open Trade PipsV1
This indicator tracks the unrealised amount of pips in your open positions.
HTFBB
Plot higher-timeframe Bollinger Bands for clearer structure, pullback zones, and breakout signalsโ€”without switching char
[Stellar Strategies] Inside Bar with Signals
Visually master the Inside Bar strategy with clear breakout signals and professional chart highlighting ๐Ÿ“ˆ๐Ÿ””๐Ÿ“‰
ADVANCED ICT + ADR + AWR SUITE PRO
ADVANCED ICT + ADR + AWR SUITE PRO (The Ultimate All-in-One Toolkit for Price Action Traders)
Chaikin Money Flow
Chaikin money flow's primary purpose is to distinguish between periods of accumulation and distribution of a security.