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Isnt it just the last leg of the zig-zag indicator that changes daily?
Lionel Issen
-----Original Message-----
From: The Lurker <rcbarlow@xxxxxxx>
To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
Date: Wednesday, January 13, 1999 6:00 PM
Subject: Re: Zero Balance
>Guy Tann wrote:
>>
>> Randy
>>
>> You want to stay away from that Zig Zag indicator. It changes daily.
The
>> value for today's date may or may not be the same as today's value
tomorrow.
>>
>> I developed a dyn-o-mite system several years ago before my dad looked at
it
>> and started laughing his head off. That system was 100% accurate, but
>> there's nothing like 20-20 hindsight.
>>
>> Guy
>>
>> > -----Original Message-----
>> > From: owner-metastock@xxxxxxxxxxxxx
>> > [mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of The Lurker
>> > Sent: Saturday, January 09, 1999 6:27 PM
>> > To: metastock@xxxxxxxxxxxxx
>> > Subject: Re: Zero Balance
>> >
>> >
>> > Adam Hefner wrote:
>> > >
>> > > Hello Randy,
>> > > I'm not sure what the problem is, but I suspect it has to do
>> > > with the the ZigZag function. The default value is 5%, but
>> > > I'm not exactly sure what the "5%" is based on (does some-
>> > > one else know?), all I know is that it is based on the price
>> > > in some way. Below you will find an updated version that
>> > > allows the "%" amount to be chosen. Have you found any
>> > > benefit from this indicator? I personally found it to be a
>> > > little unreliable, but perhaps someone has found useful.
>> > >________________________________CUT________________________________
>> > Adam Hefner
>> > > >Adam,
>> > > >I am not at all familiar with Metastock programming although I use
>> > > >Metastock 6.5(6.52), but my question is: Why does the above code
not
>> > > >work on Financials such as Jap Yen, Swiss Franc, Br Pound, etc?
>> > > >Is there another way to code this to work on Currencies?
>> > > > Thanks
>> > > > Randy
>> > Adam & all,
>> > I am trying to combine this with a couple of indicators for testing
>> > buy/sell signals but it will not work on currencies. Does anyone else
>> > out there know if the Zig function is what is keeping it from working
>> > on Currencies?
>> > thanks,
>> > Randy
>> >
>Guy, I'm glad I got your message today. I was going to start trading
>it on the open tommorrow morning. Guess I'll regroup.
> Thanks,
> Randy
>
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