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Random article: Zig-Zag indicator
Zig-Zag indicator is a famous indicator (overlapping) represented by lines that connect extreme prices (minimum and maximum).  Zig-Zag measures price changes as percentage and ignores those does not matching certain criterion. In other words, Zig-Zag is a price filter of a particular kind, because it is able to filter insignificant fluctuations of price. Until change for a scheduled percentage takes place, the line moves along with price. When price changes for the value beyond scheduled value , the line takes a reversal into another side. Thus, chart price is formed by curves (zig zag).
Wholesale Price Index (WPI) represents economic indicator applied in Germany. It allows tracing dynamics in change of wholesale goods. The index includes both German and imported goods and does not account for the goods made directly in the stores or by consumers. Original index value represents the wholesale total turnover for the year set as the basic year. Certainly, retail production is not accounted. Price statistics also impacts on the Wholesale Price Index.
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