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Hi Lou,
The DLL calls AB's Zig function, so it works exactly
the same way. If you were using the AB Zig function yourself, you would
specify a % change for it to use when drawing the legs. As I understand it, the
last leg is not locked in until it has travelled that % from the last
reversal (peak or trough), at which time it is confirmed, and so is the last
pivot point. Until then, it is capable of being redrawn, which means you
cant rely on the last leg or last pivot either. If my understanding is wrong,
hopefully someone will correct me.
In my Zig, the DLL selects the % for you, and tells you what %
it arrived at in the title. The smaller red/green line uses that % to
calculate and show the level that the price must reach for the leg to
be confirmed. Once that level has been reached, the Zig line changes
color from blue to white to show that it has been confirmed.
Having said all that, it is important to realize that for my
Zig, if you select your test period to always include the latest data, it
is *possible* for the optimal % to change on any given day (though it doesnt
seem to happen all that often), which could result in peaks and troughs
that are different from those that the previous % had shown
you.
Steve
----- Original Message -----
<BLOCKQUOTE
>
<DIV
>From:
Lou
H
To: <A title=amibroker@xxxxxxxxxxxxxxx
href="">AMI Group
Sent: Wednesday, June 18, 2003 6:56
PM
Subject: [amibroker] Steve Dugas Zig
Zag
Hi Steve -
Ilike your Zig Zag but have a question. As you know,
you can have an 'up-trend' and then the program can change it's mind and
decide there is a down-trend in effect. Is there a way to judge at what
level the program will change it's mind? Am still looking at your new
"optimized indicators", very good work.
Best Regards,
lou howardSend
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