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Beware also of the Detrended Price Oscillator (DPO), when backtesting your trading
system.
G. G.
The Lurker wrote:
> 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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