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I agree. I use it to only to confirm the trend, so that for
continuation signals I go with it and for counter-trend moves, I go
against it. From that point of view it is one of the most useful
code I have. The only problem I have with it is the reversal
amount. I am experimenting with several, but I could not think of a
rational way to fix it...
rgds, Pal
--- In amibroker@xxxxxxxxxxxxxxx, "nkis22" <nkishor@xxxx> wrote:
> The aurthor in TASC is not using Zig as a trading system. He
> has suggested using confirmed zig as a trend filter. This is
> what I understood from the article, and find it intriguing.
> nand
>
>
> --- In amibroker@xxxxxxxxxxxxxxx, "Tomasz Janeczko"
<amibroker@xxxx>
> wrote:
> > Hello,
> >
> > But... did you actually took a look at the formula and chart at:
> > http://www.amibroker.com/members/traders/11-2003.html
> > you will notice that trade signals are usually delayed many, many
> days
> > (after prices moved beyond threshold level).
> > Such trade arrows generated by this code do not 'move'
> nor 'disappear'.
> >
> > However, if you backtest such system it will produce results a
> lot , lot worse than 'normal'
> > zig-zag based one. In fact, in most cases such system will produce
> > results not better than simple MA crossover.
> >
> > From this point of this system is useless for me.
> >
> > BTW: it is not my approach/system, it has been presented in S&C
> November 2003
> > and the background is presented there. I wrote the formula for it
> because
> > I write formulas for all articles presented in S&C since about
> year :-)
> >
> > Best regards,
> > Tomasz Janeczko
> > amibroker.com
> > ----- Original Message -----
> > From: "Owen Davies" <owen5819@xxxx>
> > To: <amibroker@xxxxxxxxxxxxxxx>
> > Sent: Tuesday, November 25, 2003 1:34 AM
> > Subject: Re: [amibroker] Re: Peak & Zig Zag
> >
> >
> > > Tomasz Janeczko wrote:
> > >
> > >
> > > > You are incorrect in what you have stated below. I know how
zig
> is
> > > > programmed (I implemented it actually in AB) so I know
> that 'delay'
> > > technique
> > > > presented http://www.amibroker.com/members/traders/11-
2003.html
> > > > works OK. In case you mention the 'confirmed' leg remains
valid
> but just a
> > > NEW one
> > > > starts.
> > > > I am 100% sure what I am talking about. And I have checked it
> in real time
> > > too.
> > >
> > > Tomasz, I probably have more respect for you than for anyone I
> have "met" in
> > > the online trading community; there are few who even come close
> in my
> > > esteem. All I can say for certain is that this error does
occur
> in
> > > Metastock, and I know that in many cases you have put a good
deal
> of effort
> > > into making AB functions compatible with those of the older
> product. Given
> > > the above, I can only assume that you either avoided a trap
they
> fell into
> > > or made a deliberate exception in this case.
> > >
> > > > The true problem is completely different, and was pointed out
> by Jayson
> > > already,
> > > > that delays are usually that large that trading such delayed
> signals
> > > becomes not profitable.
> > >
> > > Couldn't agree more that this is a problem, of course, though
it
> does not
> > > show up in backtesting with Metastock. Given my experience
some
> years ago,
> > > I have not repeated the study with Amibroker.
> > >
> > > Owen
> > >
> > >
> > >
> > > Send BUG REPORTS to bugs@xxxx
> > > Send SUGGESTIONS to suggest@xxxx
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> > >
> > >
> > >
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