ZigZag Fractal Labels and Repainting at Price Extremes

Summary

The document introduces a ZigZag indicator that displays its values as fractal labels. It notes that these labels repaint in a manner similar to the turning-point extremes of the original ZigZag. The material is a brief feature description rather than a complete explanation of the indicator’s calculation or a trading system.

Because the marked extremes can change as new price data arrives, historical labels may not have been available in their displayed form at the time. The source supplies no parameters, market examples beyond a figure reference, backtest, or evidence that the labels predict future price movement. It therefore supports awareness of the indicator’s behavior and repainting limitation, but not conclusions about its standalone trading value.

Key ideas

• The indicator displays ZigZag values as fractal labels.
• Its labels repaint around price extremes, like the original ZigZag turning points.
• Repainting means historical marks may change as later prices arrive.
• The document gives no calculation details or evidence of trading performance.

Tags

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