FTB-C000608 / Implementation concept

ZigZag Reset State

ZigZag Reset State is the complete state cleared when a new independent stream or instrument begins.

Advanced 1 linked topicEvidence-reviewed

Definitions

In plain terms

Reset removes the old direction, extremes, provisional endpoint, and confirmed history.

Technical

A reset must clear direction, running extremes, candidate indices, and confirmed pivots before consuming the next observation.

Scope

Partial reset leaks one instrument's geometry into another instrument's stream.

Examples

  • A reviewer computes ZigZag Reset State on a small deterministic fixture and checks timing, units, and boundary behavior before publication.

Common misconceptions

  • Partial reset leaks one instrument's geometry into another instrument's stream.

Concept relationships

Prerequisites

Related

Required by

Where this concept is used

Tutorials planned

These catalogued topics use this concept, but their complete build has not shipped yet.

  • D08-F01-A02 Important

Evidence and governance

  1. LEAN ZigZag source QuantConnect · first party technical publication

    Supports: preferred label, short definition, technical definition

    Limits: A maintained implementation is evidence for one convention, not a universal market rule.

  2. Pine Script repainting concepts TradingView · official platform documentation

    Supports: preferred label, short definition, technical definition

    Limits: Platform display behavior does not establish financial usefulness or predictive value.

  3. Closing Price Investor.gov · official standard

    Supports: preferred label, short definition, technical definition

    Limits: A close is not automatically an adjusted close and may vary by market session convention.

Reviewed by
fintech-builder-batch-011
Last reviewed
2026-08-09
Next review
2027-08-09
Record status
evidence reviewed

This record is evidence-reviewed and readable, but not yet promoted to published — it is served noindex,follow and excluded from the sitemap.

Written by

Fintech engineer building market-data and financial systems, and the author of every article, glossary record, and reference implementation on The Fintech Builder.