The zig-zag technical indicator is a fundamental tool used by analysts to detect trend reversals. By identifying support and resistance levels, it helps to identify significant price changes while filtering out short-term fluctuations. This reduces the noise of daily market conditions. The Zig Zag indicator plots points on a chart whenever prices reverse by a percentage exceeding a specified threshold set by the analyst. Once these points are identified, straight lines are drawn to connect them. The technical indicator helps identify price trends by eliminating random price fluctuations and highlighting trend ... (full story)