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The hardest thing with using this is working out the setting for the percent
change. But putting that aside you could use Peak and Trough functions for
the values of the turning points.
Cheers,
Graham
http://www.golala.com/forums/?mforum=asxsharetrading
http://groups.msn.com/fmsaustralia
-----Original Message-----
From: Brian [mailto:cadvantag@xxxxxxxxxxxxxx]
Sent: Tuesday, 3 February 2004 10:26 AM
To: amibroker@xxxxxxxxxxxxxxx
Subject: [amibroker] ZigZag
How can I use this formula to plot or record the distance between
the Zigzag top and bottom over a specific period of time
ZZ = Zig(Close, 22);
Plot(Close,"",4,4);
Plot(ZZ,"ZigZag",6,4);
I want to use the formula to plot the risk/reward for rolling or
channeling stocks. I am not sure the formula could be used to find
rolling/channeling stocks, but it would give me an idea of the range
that the specific stock traveled between each peak or valley of the
ZigZag line.
Thanks for any help,
Brian
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