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> To elaborate just a bit, it's a series of peaks and troughs that
> (important part) looks into the future to determine the last peak or
> trough.
>
> So, the key thing to remember here is (another important part) that
> the last P or T is dynamic. It can, and will, change. The entire
> swing will disappear in the blink of an eye, suddenly becoming an
> extension of the prior swing.
This is true but only to the point when percent change from last peak/trough
is LESS than Threshold level. If the change since last peak/trough is GREATER than
the threshold level then the last leg becomes valid. This feature has been
used to make systems based on ZIG ZAG that can be realistically backtested.
See "TRADERS TIPS" section of Members area for formulas.
Best regards,
Tomasz Janeczko
amibroker.com
----- Original Message -----
From: "Yuki Taga" <yukitaga@xxxxxxxxxxxxx>
To: "kaveman perth" <amibroker@xxxxxxxxxxxxxxx>
Sent: Monday, November 08, 2004 2:16 AM
Subject: Re: [amibroker] zig zag question
>
> Monday, November 8, 2004, 9:29:00 AM, kaveman wrote:
>
> kp> zigzag is just a series of peak and trough results
>
> To elaborate just a bit, it's a series of peaks and troughs that
> (important part) looks into the future to determine the last peak or
> trough.
>
> So, the key thing to remember here is (another important part) that
> the last P or T is dynamic. It can, and will, change. The entire
> swing will disappear in the blink of an eye, suddenly becoming an
> extension of the prior swing. Systems based on zigzag back test
> wonderfully. But the results are fantasy.
>
> Many have stumbled on zigzag thinking they have found "the grail".
> They have not.
>
> Yuki
>
> kp> On Sun, 07 Nov 2004 16:26:32 -0800, stockjunkie@xxxxxxxxx
> kp> <stockjunkie@xxxxxxxxx> wrote:
>>>
>>>
>>> Hello to all,
>>>
>>> i am still familiarizing myself with the demo and getting a better
>>> understanding of this software....
>>>
>>> i have been putzing with the zigzag function and would like ot know if
>>> anyone has the code or afl for it as i would like to do some
>>> experimentation with it...
>>>
>>> Thanks to those who responded but i want to know what code is in the
>>> zigzag not how to use the zigzag...
>>>
>>> This is a great group,
>>> Thanks
>>> JJ
>
>
>
>
>
> Check AmiBroker web page at:
> http://www.amibroker.com/
>
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