# ZigZag

Traders who use Elliott waves in their trading frequently use the ZigZag indicator to identify waves. The indicator will also be useful for determining the current trend and plotting a trend line.

<figure><img src="https://s3-eu-central-1.amazonaws.com/euc-cdn.freshdesk.com/data/helpdesk/attachments/production/80119140780/original/6qMzhKg3B1QHKCZn95aFNVaQZk03Ez7fpw.png?1656949808" alt=""><figcaption><p>Chart with ZigZag indicator</p></figcaption></figure>

#### **Indicator settings**

![](https://s3-eu-central-1.amazonaws.com/euc-cdn.freshdesk.com/data/helpdesk/attachments/production/80119141038/original/YsCaHKtcXwAXVAteFZzd-g2fx9r0tZebXw.png?1656949839)

#### Parameters

| Name      | Description                                                                                                                                                                                                                              |
| --------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |
| Depth     | Depth is a parameter that sets the minimum interval at which the indicator will build a new extremum if the condition for the Deviation parameter is met. Measured in the number of candles, the default value is 12.                    |
| Deviation | Deviation sets the minimum amount of price change required for the indicator to form a maximum/minimum on the symbol chart. Measured as a percentage, the default value is 5.                                                            |
| Backstep  | Step is the minimum number of candles that should be between local extrema. A new minimum/maximum will not be built on this section if it differs from the previous one by the value of the Deviation indicator. The default value is 3. |

#### Charts

| Name        | Description                                      |
| ----------- | ------------------------------------------------ |
| Chart       | Enable or disable display of the chart.          |
| Marker      | Enable or disable display of the marker.         |
| Chart type  | Selection of the type of chart.                  |
| Split color | Possibility of splitting the color in the chart. |
| Color       | Selection of the chart color.                    |
| Line width  | Selecting the chart line width.                  |
| Line style  | Selecting the chart line style.                  |

#### Indicator

| Name        | Description                                                                |
| ----------- | -------------------------------------------------------------------------- |
| Indicator   | Enabling or disabling the indicator display on the chart.                  |
| Name        | Enabling or disabling the indicator name display in the information line.  |
| Values      | Enabling or disabling the indicator value display in the information line. |
| Markers     | Enabling or disabling the indicator markers display on the scale.          |
| Calculation | <p>Select when the calculation will be performed.<br></p>                  |
| Area        | Selection of an area to display the indicator.                             |