ZigZagReturn value of the ZigZag indicator on percentage variation point, for the selected price.
Syntax:
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1 |
ZigZag[Zr](price) |
Interpretation :
The advantage of this indicator is that it displays the most relevant price movements by eliminating the smaller ones. The sensitivity of representation of these fluctuations is determined by a percentage of by number of points which can be applied to the price (open, high, low, close).
This indicator is very visual and can be useful in breaking down the Elliot Wave evolution of a security.
ProRealTime v11
