Zigzag Targets by William Cringan
Isolate large or small price moves to suit your
type of trading.
The zigzag indicator presents major
price moves by connecting peaks
and troughs with straight lines. By
controlling the minimum that
prices must reverse before a new
trend, or “zig,” is established, you can isolate
price moves, whether large or small, to suit your
trading. Further, the zigzag indicator is adaptable
for the type of trading you’re into, whether
daytrading or position trading; daytraders are
interested in quick, short moves, whereas position
traders are interested in larger moves over
periods of weeks or months.