Noise-filtered swing structure — equity price pattern.
ZigZag identifies significant swing points by filtering out noise using a percentage threshold (typically 5%). • Swing High: Significant local price maximum • Swing Low: Significant local price minimum Unlike oscillators, ZigZag shows actual price levels.
• Solid Lines: Swing Highs - potential resistance levels • Dashed Lines: Swing Lows - potential support levels Trading Applications: • Identify trend direction from swing sequence • Higher highs + higher lows = uptrend • Lower highs + lower lows = downtrend • Use for wave counting (Elliott Wave)
• Enter Closer-Look mode to see close price overlay • Toggle: Show/hide close price line (same axis) • Close price shows the actual path being filtered by ZigZag
• Sector Shapes: Each sector has unique shape • Ticker Colors: Each ticker gets a unique color • Tap/Hover: View exact swing price at any data point • Sparse Data: Only significant swing points are shown