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The block
of bars is collected under condition of convergence. If the convergence
conditions are not met, the block is deleted. More precisely, the condition is
the transition of the block of bars from the state of convergence to the state
of divergence. Blocks are formed selectively with gaps. Gaps are characterized
by the state of divergence of bars.
Before
removing the block, we find the extreme bars inside the block (min, max). The line connects the extreme
bars. The line is drawn only before the block is deleted!
Observation.
Sometimes the indicator lines are superimposed on the ZigZag indicator. Quite
often they form their own zigzag.
To
determine the convergence value, see here, the directions and the price forces
in the block, see here.
Indicator
for divergence conditions, see here.
The
indicator has no settings.
