ZigZag on Parabolic:
This indicator builds ZigZag based on the Parabolic SAR indicator. This is an advanced ZigZag version marking extreme values on a chart with less lag.
The standard ZigZag looks for a new extreme value following the price percent deviation from a previous extreme value. This new indicator keeps track of a price crossing with Parabolic SAR.
Author: Nikolay Kositsin