Indicador
RSI
Breakout
Supertrend
Zig-Zag Extremity Tracker
Logótipo de "Zig-Zag Extremity Tracker"
03/09/2025
2
Desktop
SinceĀ 03/10/2024
Vendas
102
Free installs
15434
Imagem carregada de "Zig-Zag Extremity Tracker"Imagem carregada de "Zig-Zag Extremity Tracker"Imagem carregada de "Zig-Zag Extremity Tracker"Imagem carregada de "Zig-Zag Extremity Tracker"

šŸ’” Linear Regression Channels and ZigZag Points šŸ’”

• The linear regression channels are recalculated and reset each time the price moves beyond the expected boundaries (bands), ensuring the measurement remains up-to-date with the market’s real trend.

• The marked points (circles) represent extremes (highs and lows) that serve as the basis for drawing the ZigZag and determining where the channels are calculated from.

• This dynamic approach allows for better visualization of potential trend changes, as well as areas of overextension or overselling where the price might revert toward the mean.

ā“ How do the channels relate to the ZigZag and the extreme points? ā“

• Whenever a new extreme (high or low) is detected, the indicator not only plots a circle and the ZigZag line connecting that point to the previous one, but also readjusts the potential linear regression channel being drawn from that last extreme.

• If, during the following bars, the price remains within the bands, the channel stays active and extends to the current bar.

• If at any point the price breaks those bands, the indicator ā€œassumesā€ the channel has been invalidated and starts a new one from the bar where the break occurred.

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