Glossary - Z

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  • Zig Zag: The Zig Zag overlay is a collection of straight lines that connect significant tops and bottoms on a price graph. It takes a single parameter that specifies the percentage that the price must move in order for a new "zig" or "zag" to appear. Zig Zag does not predict trends and should not be used on its own. See ChartSchool article on ZigZag.