ZigZag implementation using an ATR threshold for directional change, as well as a secondary trigger based on time.

Variable input settings include changing:

• The multiplier of the ATR threshold
• Period for ATR calculation
• Minimum and maximum number of bars before allowing or forcing a direction change
• A setting for realtime processing of most current bar (can lead to redrawing) 
  

In effect, the zigzag captures swings in a balanced, dynamic, and adjustable manner making it excellent for zigzag based analyses and trading strategies.