instead of the traditional "pivot points" that are by definition lagging by a large lookback period, the (almost-) Zero Lag lags by about 2 bars on average (depending on the candles forming)
The pattern can be used to draw and S/R lines
It can also be used for "wave counting" in a way that reduces interpretation.
If you find other uses, please leave your ideas in the comments!
Shoutout to Everget for the awesome Jurik code!!
PS. I build these scripts for my personal use but publish them open source, as I believe the best way to improve is to learn together.
If you find value in these indicators or use them regularly, feel free to leave a little something in the tip-jar for my next coffee break! ;-)
BTC . 36w3n9oSJHork1q4BKi4VHXph7LHTMZhhm