This analytical tool is one of the options for Zigzag indicators. On the price chart, it displays arrows. Therefore, ZigZag belongs to the
category of arrow indicators. Each arrow indicates a trend reversal.
- red arrow means a downtrend has formed.
- green arrow means an uptrend has formed.
It is worth considering the redrawing of ZigZag Trend signals – on a zero candle the arrow may appear and disappear several times and the final
result will not be displayed at all. But if it appeared and was transferred to the first candle (which became the zero candle when opening a new
candle), then in this case it will not disappear.
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