Kagi Chart

This indicator allows to display Kagi charts in the indicator window. Kagi chart filters out unnecessary noise from the chart and helps to identify trends.

Indicator works in two modes:

• CLOSE - only close prices are taken into account while building the chart;
• HIGH_LOW - only high/low prices are taken into account

Reversal of Kagi line can be specified in three different ways:

• PIPS - as an absolute value of pips;
• PERCENT - as a percent of price;
• ATR - as a current value of ATR indicator (Note: current ATR value will be different every time you reinitialize or reattach the indicator!)

The arrows show the beginnings of new trends.