ZigZag and Parabolic SAR Turning Points with Repainting Labels

Summary

The document describes an indicator that combines ZigZag and Parabolic SAR values and displays the resulting points as fractal labels. It notes that the labels repaint in a way similar to the extreme points of a standard ZigZag, so displayed turning points can change as later price data arrives.

The description gives no calculation details, parameter settings, backtest, or evidence of trading performance. Its main practical takeaway is the repainting caveat: historical labels should not be treated as signals that were necessarily available in real time. The text is too brief to establish how the indicator generates or validates trading entries.

Key ideas

• The indicator combines ZigZag and Parabolic SAR values and marks points with fractal labels.
• Its labels can repaint similarly to standard ZigZag extremes.
• The description provides no parameters, signal rules, or performance evidence.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.