Apr, 10: now the indicator is in the list of the standard indicators of Marketscope. You don't need to download and install it anymore.
Feb, 26: Fix: ZigZag produced wrong result on some charts.
Please re-download and re-install the indicator. Please, do not forget to restart TS before using the indicator after installing.
ZigZag helps to determine the most important movements in a chart. The indicator filters out any change that is less than a certain amount, and leaves only the significant changes behind.
See also Zig Zag at Online Trading Concepts for detailed information on how ZigZag indicator is used.
The indicator was revised and updated
Download the indicator: