Duyck

Zero Lag - ZigZag - JD

This is a alternative version of the well known "ZigZag indicator" but it uses turning points of the Jurik ma
instead of the traditional "pivot points" that are by definition lagging by a large lookback period, the (almost-) Zero Lag ZigZag lags by about 2 bars on average (depending on the candles forming)

The ZigZag pattern can be used to draw trendlines and S/R lines
It can also be used for "wave counting" in a way that reduces interpretation.

If you find other uses, please leave your ideas in the comments!

Shoutout to Everget for the awesome Jurik code!!

JD .

#NotTradingAdvice #DYOR
הערות שחרור: Code cleanup.
הערות שחרור: update to v4.
הערות שחרור: - Added alerts, due to popular request!
IMPORTANT NOTE:
if alerts ettings are adjusted ALL ALERTS MUST BE RESET manually, the running alerts don't update automatically!!!

- settings tab and code cleanup.
סקריפט קוד פתוח

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

רוצה להשתמש בסקריפ זה בגרף?
Disclaimer.
I AM NOT A FINANCIAL ADVISOR.
THESE IDEAS ARE NOT ADVICE AND ARE FOR EDUCATION PURPOSES ONLY.
ALWAYS DO YOUR OWN RESEARCH!
JD.

You can contact me for info/access in PM or on Telegram: @jduyck
PLS, DON'T ASK FOR ACCESS IN THE COMMENT SECTION!