ZigZag ATR Indicator

Cost: FREE.  Available on the Tradestation TradingApp Store

Description

This indicator will greatly help the visual identification of swings and significant reversal points.  Unlike other Zigzag techniques this indicator is dynamic in that it uses Average True Range (ATR) of the instrument to determine the reversal point. In this way the indicator becomes sensitive to high and low volatility environments in a way that cannot be achieved by a points or percentage based method.