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• The Zigzag Trend Indicator by Spyros Raftopoulos

  ARTICLE SYNOPSIS ...The Zigzag Trend Indicator by Spyros Raftopoulos Zigzag is a powerful noise filter, but it's not without its problems. Here's a technique that incorporates the power of zigzag into a more valid and tradable indicator. The popularity and usefulness of the zigzag indicator can be ascribed to three important characteristics. It is an effective noise filter; it graphically presents the main trend with great clarity; and it is still a very low-level indicator, in that its final interpretation of price is not filtered through one or more algorithms, but is based upon the price itself. While thes...

AUTHOR: Spyros RaftopoulosDATE: NOV 2003SUBJECT: Indicators

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• Zigzag Validity by Spyros Raftopoulos

  ARTICLE SYNOPSIS ...Zigzag Validity by Spyros Raftopoulos Here's a supplement to the zigzag indicator that will help you determine whether a trend is confirmed. One of the most common tasks a technical analyst engages in is detecting and defining price trends. Among the numerous indicators and techniques that can be used for this purpose is the zigzag indicator. The zigzag filters out moves of minor importance (noise), making the main trend more obvious. Further, the zigzag presents the major moves with great clarity, since it connects peaks and troughs with straight lines that are easy to interpret. You can s...

AUTHOR: Spyros RaftopoulosDATE: AUG 2002SUBJECT: Indicators