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Lionel,
My understanding of the Zig-Zag is that the last leg and possibly the
last zig/zag (peak/trough) could also be dynamic. Of course there
comes a point when the last zig/zag (peak/trough) is no longer dynamic,
but how do you determine when this happens?
As for the Zero Balance indicator....if there is enough interest in this
indicator, I could revise it. I have learned a few tricks since I
programmed
it, and have been thinking of replacing the Zig Zag with a modified
"Dunnigan Trend" method or something similar.
Best wishes,
Adam Hefner.
VonHef@xxxxxxxxxxxxx
VonHef@xxxxxxxxxx
---------------------------------------
-----Original Message-----
From: Lionel and Gail Issen <lissen@xxxxxxxxxxxxxxxx>
To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
Date: Wednesday, January 13, 1999 11:57 PM
Subject: Re: Zero Balance
>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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