seksan Mongkhonkhamsao / Getty Images The Zig Zag indicator, named for the pattern of straight lines that appear to zig-zag across a technical analysis chart, operates as a filter for directional ...

You can spot the zig-zag letters from their zig-zag lines. Let's look at the ‘V’ here. That down up movement makes the zig-zag. ‘W’ is the same, only with more diagonals. Down, up ...