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ZigZag Support and Resistance

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The indicator determines the True resistance/support levels as interpreted by Tulegen Urazaliev.

1. The case when a white candle follows a black one, and a black one follows a white one, that is, the color of the candles changes sequentially.

  • The support level is drawn through the Low of the white candle, the resistance level, through the High of the black candle.

2. The case when after a white (black) candle there are several black (white) candles.

We draw the resistance level through the High of the black candle, which has

The level of support through the Low of the white candle that is located:

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