Zigzag2_R Fractal Labels and Repainting

Summary

The document describes an indicator that displays Zigzag2_R values as fractal labels. It notes that the labels repaint in a manner similar to the extreme points of the original ZigZag indicator, so displayed turning points may change as new price data arrives.

The material is only a brief description and figure caption. It gives no calculation rules, parameter guidance, trading strategy, or performance evidence. The repainting behavior is a key limitation for interpreting past labels: a chart may show turning points that were not identifiable in real time in the same form. Treat the indicator as a visual aid rather than evidence of a confirmed signal.

Key ideas

• Zigzag2_R displays its values as fractal labels.
• The labels can repaint in a way similar to the original ZigZag's extreme points.
• The description provides no trading rules or evidence of performance.

Tags

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