Zigzag Indicator Lines for Highs and Lows

Summary

This note describes a Zigzag indicator variant that plots the usual Zigzag together with separate lines linking confirmed highs and lows. It identifies five plotted buffers: the standard Zigzag, high and low map series, and two additional lines for real Zigzag highs and lows. The added lines are distinguished by color and thickness, making swing highs and swing lows easier to view separately on a chart.

The document provides no trading rules, parameter guidance, performance evidence, or explanation of how the indicator determines confirmed turning points. Zigzag indicators can revise recent swings as prices evolve, so the chart display alone does not establish that a plotted turning point was known in real time. The note says this version displays the indicator correctly in real time, but offers no validation or detail supporting that claim. It is therefore a description of chart presentation rather than a tested trading strategy.

Key ideas

• The indicator displays the standard Zigzag together with high and low map series.
• Additional lines connect the indicator's Zigzag highs and lows separately.
• Color and line thickness distinguish the plotted series.
• The document gives no strategy rules or empirical performance evidence.

Tags

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