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Jayson,
So to sum things up, based on my chart, the only reliable signal is
p1 unless p has exceeded its % level and then at that time t1 becomes
reliable. p once it exceeds its % level can be referred to as if it
were p1 or peak(close,1,1)only when it reverses, even before it hits
it new % level but is subject to change.
Now when I refer to peak(close,1,1) sometimes it will be p1 and
sometimes p depending on what is taking place?
Thanks, this is causing me brain damage
wdbaker
--- In amibroker@xxxx, "Jayson" <jcasavant@xxxx> wrote:
> wdbaker,
>
> Jayson,
> So are you saying that t1 in my example below is not really t1
> until p exceeds the set % level, 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?
>
> An unconfirmed trough. The problem with zig is that looking at a
chart it
> is ALWAYS right, but while the chart is tracing a new leg 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.
>
> jayson
>
> > p2......p1
> > -.......-
> > .-.....-.-.....p
> > ..-...-...-...-
> > ...-.-.....-.-
> > ....-.......-
> > ....t2......t1
>
>
> Thanks
> wdbaker8
> --- In amibroker@xxxx, "Jayson" <jcasavant@xxxx> wrote:
> > Once the percentage setting from your last 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
> > confirmed once 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@x...]
> > 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 has to happen for p below to become p1 as in peak(close,1,1)
> > Can it become p1 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
> >
> >
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