KNJ ZigZag Indicator with Values at High and Low Pivots

Summary

This short description presents a KNJ ZigZag indicator that displays values at swing highs and lows. Users can configure depth, deviation, and backstep parameters, choose pivot colors, and independently show or hide the ZigZag line, pivot values, and swing values. The default settings shown are depth 12, deviation 5, and backstep 3; pivot values and the line are enabled, while swing values are disabled.

The material explains display options rather than a trading strategy or signal-validation method. It gives no evidence about predictive value, repainting behavior, or performance, and provides no guidance for converting the marked pivots into entries, exits, or risk controls. As a result, it is useful as a basic description of a charting tool but does not establish that its pivot markings can be traded profitably.

Key ideas

• The indicator marks values at ZigZag swing highs and lows.
• Its configurable inputs include depth, deviation, and backstep.
• Users can toggle the ZigZag line, pivot values, and swing values separately.
• The description provides display settings but no trading rules or performance evidence.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.