The upward ZigZag segment kicks off when bullish patterns for High and Low appear on the current bar. The same principle applies to the downward ZigZag segments. The ZigZag line, which we refer to as ZigZagLineBuffer, is plotted from the start of the segment all the way until the beginning of the opposing segment.
You’ll notice that the number under the bar represents the pattern index (P0..P4) for the Low bars a-la Clyde Lee. Conversely, the number above the bar (P5..P9) indicates the index for the a-la Clyde Lee High bars.
One important thing to highlight is that this indicator doesn’t repaint, making it reliable for your trading strategies.
I believe this ZigZag can be an invaluable tool for segmenting your charts, paving the way for deeper analysis and better-informed trading decisions.
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