What is ZigZag indicator?
ZigZag is an indicator that is used to analysed the movement of price. This indicator does not provide the forecast for price trend in the future but by using this indicator, you can understand how price changed in the past.
When displayed, the indicator links the top and bottom of price and create a chart that help you easily see the top and bottom of price in the market.
How to set up ZigZag indicator in Olymp Trade
On the left side of the screen, you click Indicator tab and choose ZigZag, which is a yellow line which connects the tops and bottoms of price.
You can adjust ZigZag by changing its depth in toolbar. The smaller is the depth value, the narrower is the time frame that ZigZag refers to. On the contrary, the bigger is the depth value, the larger is the time frame that ZigZag refers to and it may ignore short term fluctuation.
How to use ZigZag indicator to analyse price movement in Olymp Trade
Looking at the chart, you can easily grasp the zone in which price moves as well as the top and bottom of the market. Using those information, you can make your own estimate.
ZigZag indicator does not provide you with an obvious sign to buy the Fixed Time Trade, but you can use ZigZag to estimate price movement and price reversal so that you can take appropriate actions.
Wish you success!