ZigZag: Filtering Noise for Structural Analysis
The ZigZag indicator connects significant price peaks and troughs, filtering out minor price movements that can distract from the overall trend.
🚀 Why it works: It simplifies the identification of market structures, such as “Higher Highs” and “Lower Lows,” making trend analysis more intuitive. 🛡️ Trading Note: Use this to identify the primary market structure before deciding on a trade direction.
Link: ZigZag Standard