Zig zag
The market's swings, joined turning point to turning point.
How to read it
Higher highs and higher lows define an uptrend.
How to use it
Clarifies a trend's structure — its swing highs and lows — by filtering out noise.
Limitations
A turning point is confirmed only after price reverses by the deviation, then drawn at the extreme — so the last leg keeps moving until the next reversal.
In Kereon
Charts · Superchart. Swings of at least 5% by default.
Also called: zig zag, swings, swing.