The Zig-Zag indicator is a very useful tool for determining the trend, support and resistance areas, as well as for recognizing classic graphical patterns such as “Head and Shoulders”, “Double Bottom” and “Double Top”.

This is a multi-timeframe indicator.

The indicator automatically calculates the next 3 available timeframes and draws a zigzag based on these timeframes.

The indicator cannot be used on a timeframe older than the daily one (D1).