|
PureBytes Links
Trading Reference Links
|
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. <FONT
face=Arial> (with an English accent) "By
George I think he's got it!" <SPAN
class=598370816-03102002>
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?<SPAN
class=598370816-03102002><FONT color=#0000ff face=Arial
size=2>
<FONT
face=Arial>There is the rub, in a formula using peak/trough p1 will be
referenced as the LAST peak even if P has exceeded its %. The code will
reference P as the last peak once it turns down even BEFORE that move is
confirmed. Peak simply looks for ref(c,-2)<ref(c,-1)
and c<ref(c,-1). (or a " ^" in the chart) So the last peak is open
to change until that move is confirmed. Bottom line is the last leg of zig and
consequently the last Peak (or
trough) are always open to change until such time as the move has exceeded the %
setting. This is what makes testing using Zig so dangerous. All the erased
direction changes are not reflected in your results. Zig is historically ALWAYS
correct but, in RT, revisions are often being
made.
<SPAN
class=598370816-03102002><FONT color=#0000ff face=Arial
size=2>
<FONT color=#0000ff face=Arial
size=2>jayson Thanks, this is causing me brain
damagewdbaker--- 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 ina
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@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 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 thesame
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.> > >
> 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.
|