Termos de Referência
- The overbought zone is determined as candlesticks, at which the indicator value Value > Lmax (Lmax=-20).
- The oversold zone is determined as candlesticks, at which the indicator value Value < Lmin (Lmin=-80).
- The values of Lmax and Lmin should be included in indicator parameters.
- A yellow point should be added at the High point of candlesticks in the overbought zone—it is the H point.
- A green point should be added at the Low point of candlesticks in the oversold zone—it is the L point.
- If there is at least one L point between two H points, search for a LL point in the interval between two H points. The candlestick with the lowest Low price will be the LL point. Generally, the LL point is not necessarily an L point. Search for candlesticks with the lowest Low price.
- If there is at least one H point between two L points, search for a HH point in the interval between two L points. The candlestick with the highest High price will be the HH point. Generally, the HH point is not necessarily a H point. Search for candlesticks with the highest High price.
- Connect LL and HH points to draw a ZigZag. The default color is yellow. The first step is finished.
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