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Any formula including Zig, Peak, Trough and related functions has
only historical value, since it can not be used in real trading
conditions [looks into the future].
I wonder for the value of a 6/C*100 when the recent C is 10 and it
was 40 six months ago. In real trading we always live with the local
percentage, we want to take a +5% profit, no matter of absolute
values.
During a bullish day we will have this +5% for 1$ and [equally] for 50
$ or 100$ stocks or 1000 indices.
I do not see any sense in a C-functional percentage. On the other
side I suppose peak() does not accept variable percentage.
Just some thoughts for your [interesting] question.
DT
--- In amibroker@xxxx, "Jayson" <jcasavant@xxxx> wrote:
>
> Esteban,
>
>
> I'm wanting to find the last peak based on a fixed number of
points, rather
> than percentage. So I set a variable to the fixed points value I
want
> divided by the high * 100 to give me a percentage to use in the peak
> formula. But I get an error. Maybe the function needs a value not
subject
> to fluctuation for its underlying calculations. Is there a way I
can use
> this function with a fixed number of points?
>
> MinRetracement = 6/C * 100 ; This gives a value of 1.2 percent when
C =500.
>
> PeakValue = Peak(H,1.2,1) ; This finds the peaks like I want, when
price is
> in the range of 500.
>
> PeakValue Peak(H,MinRetracement,1) ; Gives an error.
>
> you want the peak of peakvalue. since peakvalue is a high you
should ask for
> peak(peakvalue...... your change setting must be constant so ask
for the
> lastvalue of minretracement....
>
> try......
>
> MinRetracement = 6/C * 100 ;
>
> PeakValue = Peak(H,1.2,1) ;
>
> Peak(peakvalue,LastValue(MinRetracement),1) ;
>
> jayson
>
>
>
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