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Carlin Guidry wrote:
>
> David,Thank you for the quick responce. Will this indicator work with MS 6.0? The indicator is to predict
> the next low or high point. Instead of using Fibonacci 1.618, 1.28 is used. If you would like a write up
> on it I'll be happy to send you one.
>
Try the indicator below in MS 6.0:
---------------------------------------
If( PeakBars(1, H, 1.0)
< TroughBars(1, L, 1.0),
{Then}
If( TroughBars(1, L, 1.0)
= Round((PeakBars(2, H, 1.0)
- PeakBars(1, H, 1.0))
* 1.28), 1, 0),
{Else}
If( PeakBars(1, H, 1.0)
= Round((TroughBars(2, L, 1.0)
- TroughBars(1, L, 1.0))
* 1.28), -1, 0))
---------------------------------------
This produces the same result as the MS 6.5 indicator with a Reversal
Amount of 1.0. The main disadvantage is the lack of inputs or variables
in MS 6.0. This forces you to hard code the ZigZag Reversal Amount for
each Peak or Trough function. After you plot the ZigZags and decide on a
Reversal Amount, edit the formula, and replace each 1.0 value in the
above formula with the new number. Compared to the use of inputs in MS
6.5, this can be time consuming and prone to typos. You may find it too
cumbersome to use extensively.
David.
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