Lyiness

Lyiness_ZickZack

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Lyiness_ZickZack-Indikator

The Zig - Zag line is always stretched between the last turning point and the current closing price. It walks with the closing price until it has completed the filter distance and then changes direction.

A turning point only arises when the filter distance has been completed and then changes direction.

An inflection point is considered fixed if a subsequent inflection point has arisen and the subsequent price movement has at least passed the filter value in the opposite direction.

A turning point does not apply if the heading changes direction before the filter distance and the previous direction is taken. As soon as the level of the turning point is reached, it falls away and the zig - zag line is set at the inflection point before it.
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