[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]

RE: [amibroker] SCANS FOR ZIG CONDITIONS



PureBytes Links

Trading Reference Links




<SPAN 
class=108275713-05072003>Ron,
No 
that will not work. There is a neat little program in the files section of this 
group called Simulator that will do exactly that. I highly suggest you down load 
it and take a look. It does a great job of demonstrating how Zig easily "Changes 
it's mind".........
 
Regards, 
Jayson 
<FONT face=Tahoma 
size=2>-----Original Message-----From: mrdavis9 
[mailto:mrdavis9@xxxxxxxxxx]Sent: Saturday, July 05, 2003 3:24 
AMTo: amibroker@xxxxxxxxxxxxxxxSubject: Re: [amibroker] 
SCANS FOR ZIG CONDITIONS
Jason, thanks for the input.  What happens 
when I back up a chart so that June 2 (for instance) is  the last day 
showing at the right hand end of the chart.    Hasn't Amibroker 
completely forgotton the future knowledge that it aquired while it was in the 
future?  In other words, can't I visually backtest going foreward one bar 
at a time, and won't this method of looking at Zig be exactly the same as when I 
download fresh daily data each day.   Ron D
 
 
<BLOCKQUOTE 
>
  ----- Original Message ----- 
  <DIV 
  >From: 
  Jayson 
  
  To: <A 
  href="" 
  title=amibroker@xxxxxxxxxxxxxxx>amibroker@xxxxxxxxxxxxxxx 
  Sent: Saturday, July 05, 2003 1:44 
  AM
  Subject: RE: [amibroker] SCANS FOR ZIG 
  CONDITIONS
  
  <SPAN 
  class=217324006-05072003>Ron,
  Zig 
  is great for seeing the past but the future......... you must be very careful. 
  Here is a good description from TA A-Z...
  <SPAN 
  class=217324006-05072003> 
  
  ZIG ZAG
  Overview
  The Zig Zag indicator filters out changes in an underlying 
  plot (e.g., a security's price or another indicator) that are less than a 
  specified amount. The Zig Zag indicator only shows significant changes.
  Interpretation
  The Zig Zag indicator is used primarily to help you see 
  changes by punctuating the most significant reversals.
  It is very important to understand that the last "leg" 
  displayed in a Zig Zag chart can change based on changes in the underlying 
  plot (e.g., prices). This is the only indicator in this book where a change in 
  the security's price can change a previous value of the indicator. Since the 
  Zig Zag indicator can adjust its values based on subsequent changes in the 
  underlying plot, it has perfect hindsight into what prices have done. Please 
  don't try to create a trading system based on the Zig Zag indicator--its 
  hindsight is much better than its foresight!
  In addition to identifying significant prices reversals, the 
  Zig Zag indicator is also useful when doing Elliot Wave counts.
  For additional information on the Zig Zag indicator, refer 
  to Filtered Waves by Arthur Merrill.
  Example
  The following chart shows the 8% Zig Zag indicator plotted 
  on top of Mattel's bar chart.
  <IMG height=268 
  src="gif00375.gif" width=380>
  This Zig Zag indicator ignores changes in prices that are 
  less than 8%.
  Calculation
  The Zig Zag indicator is calculated by placing imaginary 
  points on the chart when prices reverse by at least the specified amount. 
  Straight lines are then drawn to connect these imaginary points.
  
    <A 
    href="">Back to Previous 
    Section
  Regards, 
  Jayson 
  <FONT face=Tahoma 
  size=2>-----Original Message-----From: mrdavis9 
  [mailto:mrdavis9@xxxxxxxxxx]Sent: Friday, July 04, 2003 5:05 
  PMTo: amibrokeryahoogroupsCc: jeff 
  davisSubject: [amibroker] SCANS FOR ZIG 
  CONDITIONS
  Today, I finally spent some time looking at the 
  ZIG indicator.  I have attached some charts that demonstrate Zig's  
  ability to identify uptrends and downtrends. I am wondering if 
  anyone has developed AFL code that can be used to scan 
  for symbols that are in uptrends, as well as another scan for symbols 
   that are downtrending. I am interested in any and all AA analysis coding 
  that will help me better understand Zig.  I searched the AFL library, but 
  failed to see anything that looked like it could scan for Zig uptrends. My 
  very short look at Zig makes me think it may be one of the better 
  indicators to use  for determining when to exit a 
  position.
   
  Is the sensitivity of  Zig adjustable? 
  If it is, then perhaps one could adjust Zig so it takes you out 
  of some of the more serious pullbacks.  Maybe it can be fine tuned to 
  match the individual trader's tolerance of pullbacks. I have not yet found the 
  time to learn anything about  optimizing, so I will not be able to 
  do anything in that area.  
   
  BTW, I am very interested in starting, or joining 
  an Amibroker usergroup here in Dallas, Tx, so please contact me if you live in 
  the Dallas area and know of an existing group, or are interested in starting 
  such a group.  All help will be appreciated.  Ron 
  DSend BUG REPORTS to bugs@xxxxxxxxxxxxxSend 
  SUGGESTIONS to 
  suggest@xxxxxxxxxxxxx-----------------------------------------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. 
  Send BUG REPORTS to bugs@xxxxxxxxxxxxxSend SUGGESTIONS to 
  suggest@xxxxxxxxxxxxx-----------------------------------------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. 
Send 
BUG REPORTS to bugs@xxxxxxxxxxxxxSend SUGGESTIONS to 
suggest@xxxxxxxxxxxxx-----------------------------------------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. 







Yahoo! Groups Sponsor


  ADVERTISEMENT 









Send BUG REPORTS to bugs@xxxxxxxxxxxxx
Send SUGGESTIONS to suggest@xxxxxxxxxxxxx
-----------------------------------------
Post AmiQuote-related messages ONLY to: amiquote@xxxxxxxxxxxxxxx 
(Web page: http://groups.yahoo.com/group/amiquote/messages/)
--------------------------------------------
Check group FAQ at: http://groups.yahoo.com/group/amibroker/files/groupfaq.html



Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.


Attachment: Description: ""