Zig Zag higlights trends by removing price changes smaller than
and interpolating lines between the extreme points.
Object that is coercible to xts or matrix and contains either a High-Low price series, or a Close price series.
Minimum price movement, either in dollars or percent (see
Use percentage or dollar change?
If the extreme price is the same over multiple periods, should the extreme price be the first or last observation?
The Zig Zag is non-predictive. The purpose of the Zig Zag is filter noise and make chart patterns clearer. It's more a visual tool than an indicator.
A object of the same class as
HL or a vector (if
try.xts fails) containing the Zig Zag indicator.
If High-Low prices are given, the function calculates the max/min using the high/low prices. Otherwise the function calculates the max/min of the single series.
The following site(s) were used to code/document this
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