Category: Trend · Complexity: ★★★☆☆ (3/5)
Tags: trend, live-overlay, price
Live chart overlay: ZZ
Formula
Connect swings that move at least p% (or ATR multiple) from the last confirmed pivot
How to read
Clarifies swing structure for Fibonacci, waves, or market-structure labels.
Limitations
Repaints until a swing is confirmed. Never a live entry signal by itself.
Typical settings
5% or 2×ATR
Zig Zag Indicator is part of the ClearPath Encyclopedia of Indicators — 190 models explained with standard SVG illustrations, so you can study an indicator before you put it on a live chart.