Quote Originally Posted by rupiter View Post
Yes, I get it. My fault, I included a price chart with zigzag indicator which has nothing to do with my calculations…

What I don’t understand is how you picked those peaks (you marked them red), while there are several other peaks nearby left unmarked. For example, those that I marked with green color. Does this process (of picking significant peaks) has some precise algorithm or it is totally discretional?

Attachment 35023
I just used your chart and manually pointed peaks. Surely, I missed some. The computer would not miss through.
The average line is also approximate, done by hand.


Pascal