This analytical tool is one of the options for Zigzag indicators. On the price chart, it displays arrows. Therefore, ZigZag belongs to the category of arrow indicators. Each arrow indicates a trend reversal.
It is worth considering the redrawing of ZigZag Trend signals - on a zero candle the arrow may appear and disappear several times and the final result will not be displayed at all. But if it appeared and was transferred to the first candle (which became the zero candle when opening a new candle), then in this case it will not disappear.
- red arrow means a downtrend has formed.
- green arrow means an uptrend has formed.
