Indicators  |  FEB 2003

Zigzag Targets by William Cringan

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.

by William Cringan