Traders’ Tips by Technical Analysis, Inc.
• TRADESTATION: ZIGZAG TREND INDICATOR
Spyros Raftopoulos’s article in this issue, “The Zigzag Trend
Indicator,” describes a method of deducing trend from reversal
filters. In earlier articles, Raftopoulos described methods for
charting zigzags, but his zigzag validity indicator only
displayed the “locked” high and low, not the moment when
the retracement criteria were met. Raftopoulos’s new zigzag
trend indicator, described in this issue, can now display this
previously undisplayed information on the chart.