Zigzag Indicators for TradingView

Zigzag indicators use flexible settings to present the main price movement structure without extra noise. Based on either percentage price changes or point distance, this indicator can identify reversal points and automatically draw ZigZag lines. In TradingView, it is possible to display multiple ZigZag indicators with different configurations on a single chart, enabling multi-layered analysis of trends and corrections. Advanced versions can calculate each wave’s length and angle, determine Fibonacci ratios between points, and show percentage movement changes. Some of these versions are available for free on the Trading Finder website, offering full customization of parameters and line color schemes. Additionally, some versions can calculate angle changes to a degree of precision, measure each wave’s deviation from the main trend, and detect recurring patterns. Due to its instant updates, the Zigzag indicator serves as a method for analyzing wave structures and identifying critical market levels.