A new look at the principle of determining important extremes. It is based on my author’s method of determining the direction of the trend. The display is implemented in the form of a familiar ZigZag indicator.

The last (current) extremum can be redrawn because the end point of the movement cannot be determined in advance. The previous extremes can be used as important price levels, from which a correction is more likely to be possible.

To configure the indicator, it has the following settings::

• step-scale, the value can take from 1 to 100. By default, 20.
• max_bars – maximum number of bars to search for vertices

The video shows how the indicator works in comparison with the classic ZigZag indicator.