|
PureBytes Links
Trading Reference Links
|
<FONT color=#0000ff
face=Arial size=2>wdbaker,
<FONT color=#0000ff
face=Arial size=2>
Jayson,So are you saying that t1 in my example below is not really
t1 until p exceeds the set % level,<FONT
color=#0000ff face=Arial size=2> Correct, Zig may draw the line but it may
also erase that line prior to hitting the % level
if this is so, can t1 even
be called trough(close,1,1) while p has not hit set % level?<SPAN
class=767571104-03102002><FONT color=#0000ff face=Arial
size=2>
<FONT
face=Arial>An unconfirmed trough. The problem with zig is that
looking at a chart it is ALWAYS right, but while the chart is tracing a newleg
that leg is open to change. Do not try to back test a system based on
zig because the results will not reflect how trades
would develop in RT. It is a great tool
for fib studies but it can get you in a whole lot of trouble if you do not
understand how it works.
<SPAN
class=767571104-03102002><FONT color=#0000ff face=Arial
size=2>
<FONT color=#0000ff face=Arial
size=2>jayson
> p2......p1>
-.......-> .-.....-.-.....p> ..-...-...-...->
...-.-.....-.-> ....-.......->
....t2......t1Thankswdbaker8--- In amibroker@xxxx, "Jayson"
<jcasavant@xxxx> wrote:> Once the percentage setting from yourlast
pivot has been exceeded and> reversing move will result in a new
line. That new line may vanish if the> stock again reverses prior to
exceeding its percentage move. So, the move is> confirmed once the %
is exceeded and a new line is drawn. that new line is> confirmedonce
the percentage from the last pivot is exceeded and so on and> so
on......> > Here is an example of a 10% Zig.....> >
> > Jayson> > -----Original Message----->
From: wdbaker8 [mailto:wdbaker8@xxxx]> Sent: Wednesday, October 02, 2002
10:28 PM> To: amibroker@xxxx> Subject: [amibroker] more
zig()> > > All,> Trying to understand this zig()
thing better so> I know when I can or can't use it.> What hasto
happen for p below to become p1 as in peak(close,1,1)> Can it becomep1
after it has surpassed its> % move while still moving in the same
direction or> does it have to reach its % move and then reverse>
direction before it changes from p to p1?> Does p ever become p1 before
it reverses?> p1 = p1 until ____________ happens and then p1
becomes p2> > p2......p1> -.......->
.-.....-.-.....p> ..-...-...-...-> ...-.-.....-.->
....-.......-> ....t2......t1> > Thanks for your help
:)> wdbaker8> >
> Yahoo! Groups
Sponsor>
ADVERTISEMENT> > > > > Post AmiQuote-related
messages ONLY to: amiquote@xxxx> (Web page: <A
href="">http://groups.yahoo.com/group/amiquote/messages/)>
> Check group FAQ at:> <A
href="">http://groups.yahoo.com/group/amibroker/files/groupfaq.html>
> Your use of Yahoo! Groups is subject to the Yahoo! Terms of
Service.Post
AmiQuote-related messages ONLY to: amiquote@xxxxxxxxxxxxxxx (Web page: <A
href="">http://groups.yahoo.com/group/amiquote/messages/)Check
group FAQ at: <A
href="">http://groups.yahoo.com/group/amibroker/files/groupfaq.html
Your use of Yahoo! Groups is subject to the <A
href="">Yahoo! Terms of Service.
|