Zig-zag Sewing Machine

Indicator Description: "Zig-zag Sewing Machine" 🧵

This indicator was created in honor of tailors and seamstresses, inspired by the zig-zag sewing machine. Just like the sewing machine needle stitches fabric back and forth, our “Zig-zag Sewing Machine” indicator visually stitches the chart by connecting the highs and lows of candles with lines that go up and down, forming a zig-zag pattern that makes it easier to see price pivots.

How it works:
The indicator identifies high and low pivots in the price, connecting them with colored lines — blue for upward trends and orange for downward trends — as if sewing points one by one, revealing the market’s up and down movements.

How to use:

The main parameter is the "Zigzag Length", which determines the sensitivity of the pivots.

When set to smaller values (for example, 1), the indicator is less sensitive, ideal for daily, weekly, and monthly charts, which are longer and slower timeframes. In this case, it filters noise better and shows more consistent moves.

On intraday charts, such as hourly, the recommended default value is 5, which captures pivots adequately for faster movements. Depending on the asset — especially cryptocurrencies, which have varied behaviors — this number can be adjusted up or down.

Remember: the smaller the number, the faster and more sensitive the indicator is, capturing smaller and more frequent oscillations; the larger the number, the slower and more filtered it is, suitable for broader and more stable movements.

Tips for use:

Use the indicator to identify reversal points and trend confirmations by observing how the zig-zag lines “sew” the chart.

Combine with other indicators to increase the reliability of entries and exits.

Adjust the length parameter according to the volatility and timeframe of the asset you trade.

Rights Notice
This indicator is an original work by Canhoto-Medium and is protected to prevent plagiarism and unauthorized copying. However, its use is free for the entire TradingView community.