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<SPAN
class=128062404-28092002>Wd,
<SPAN
class=128062404-28092002>
the
last leg in zig is not confirmed until such time as price has exceeded the
percentage setting of the indicator. Lets say that you have set the sensitivity
to 5% and that your T1 pivot point is $10. as price begins to trace the last leg
Zig can erase the line and continue down (from T1) until such time as
price reaches $10.52 ($10 /.95 ). From that time on the final leg is confirmed
and any move down would result in a new and different leg.
<SPAN
class=128062404-28092002>
<SPAN
class=128062404-28092002> Put another way the last leg in a 5% zig will not
be confirmed until price move >5% from the last
pivot.........
Jayson
<FONT face=Tahoma
size=2>-----Original Message-----From: wdbaker8
[mailto:wdbaker8@xxxx]Sent: Friday, September 27, 2002 5:19
PMTo: amibroker@xxxxxxxxxxxxxxxSubject: [amibroker]
zig()In using zig for support resistance, the first
line is not stable but the second line back is stable, is this a correct
assumption. example:p2
p1-
- - -
- p - - -
- - - - -
- -
t2 t1current peak or "p" is not
stable???peak(close,1,1) or p1 is stablepeak(close,1,2) or p2 is
stabletrough(close,1,1) or t1 is stable???trough(close,1,2) or t2 is
stableWould these assumptions be
correct?ThankswdbakerPost
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