Zigzag is an indicator used in the chart of technical analysis. It functions as a filter for directional changes in the movement of price. Technical analysts and forex traders use the Zig Zag filter to eliminate irrelevant noise from the price chart. The purpose is to concentrate on the essential trends in the market, not unnecessary fluctuations. But let’s see a few advantages and disadvantages.
The macroeconomic indicators allow traders of the forex market to know the economic health status of a country. Thus, to anticipate the fluctuations of the currency. They are published at regular intervals by private or public study organizations. These indicators are used by traders who love fundamental analysis.