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Here we are on a Sunday, having introduced two new features! The first was our new Starred Comments feature, and now we are pleased to tell you of the newest indicator in SlopeCharts: the Zig Zag.
The Zig Zag indicator provides a quick and easy way of filtering out the “noise” of price data in order to create a simpler, easier-to-see perspective of long-term price action. You are in direct control as to how much “smoothing’ takes place. As with most SlopeCharts indicators, merely by sliding the indicator bar you can alter the indicator parameter to create as smooth or rough a representation of the prices as you like.