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<br>I believe the last leg is always dynamic.
<br>Don't hold me to any of the following, but if I remember correctly,
the last peak or trough is dynamic until price exceeds or equals the user
specified Zig Zag points or percentage. In the case of a potential
Zig Zag trough "\/" of say 1 point [Zig(LOW,1,$)], a subsequent bar's
low would have to exceed or equal the low of the trough in question by
the minimum user defined value, in this case 1 point. Once this has
occurred, that trough becomes static, or locked in. So if the
low of the potential trough is 50, the trough would be established once
a subsequent bar's low equals or exceeds 51.
<p>If using a 1 point Zig Zag of the close [Zig(CLOSE,1,$)], the trough
in question would become static once a subsequent bar's close has exceeded,
by 1 point, the lowest close of the trough in question.
<br>But...I'd advise you to check it out for yourself because I wouldn't
want to lead you astray. :)
<br>You can create an indicator or two to define at what value this will
happen or when it has happened. Or an expert to color the bars.
<p>The following uses 1 point and Low as the input, and should plot a 1
when the 1 point
<br>Zig Zag trough [Zig(L,1,$)] in question is is no longer dynamic:
<br>L>=Trough(1,Zig(L,1,$),.001) + 1 {This uses less code and
seems to work similar
<br>
to what I had been using, but I have not thoroughly
<br>
checked it out.}
<p>The following, which uses 1 percent, not 1 point, should plot a 1 when
the 1% trough
<br>[Trough(1 ,L ,1 )] in question is is no longer dynamic:
<br>L >= Trough(1 ,L ,1 ) * 1.01
<p>The same logic could be applied to the Zig Zag of the close.
<br>Please let me know if what I've said is wrong.
<p>Ken
<br>--
<br>mailto:divenfish@xxxxxxxxxxxxx
<br>
<p>Adam Hefner wrote:
<blockquote TYPE=CITE>Lionel,
<br>My understanding of the Zig-Zag is that the last leg and possibly the
<br>last zig/zag (peak/trough) could also be dynamic. Of course there
<br>comes a point when the last zig/zag (peak/trough) is no longer dynamic,
<br>but how do you determine when this happens?
<br> As for the Zero Balance indicator....if there is enough interest
in this
<br>indicator, I could revise it. I have learned a few tricks since
I
<br>programmed
<br>it, and have been thinking of replacing the Zig Zag with a modified
<br>"Dunnigan Trend" method or something similar.
<p> Best wishes,
<br> Adam Hefner.
<br>VonHef@xxxxxxxxxxxxx
<br>VonHef@xxxxxxxxxx
<p>---------------------------------------
<br>-----Original Message-----
<br>From: Lionel and Gail Issen <lissen@xxxxxxxxxxxxxxxx>
<br>To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
<br>Date: Wednesday, January 13, 1999 11:57 PM
<br>Subject: Re: Zero Balance
<p>>Isnt it just the last leg of the zig-zag indicator that changes daily?
<br>>
<br>>Lionel Issen
<br>>-----Original Message-----
<br>>From: The Lurker <rcbarlow@xxxxxxx>
<br>>To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
<br>>Date: Wednesday, January 13, 1999 6:00 PM
<br>>Subject: Re: Zero Balance
<br>>
<br>>
<br>>>Guy Tann wrote:
<br>>>>
<br>>>> Randy
<br>>>>
<br>>>> You want to stay away from that Zig Zag indicator. It changes
daily.
<br>>The
<br>>>> value for today's date may or may not be the same as today's value
<br>>tomorrow.
<br>>>>
<br>>>> I developed a dyn-o-mite system several years ago before my dad
looked
<br>at
<br>>it
<br>>>> and started laughing his head off. That system was 100% accurate,
but
<br>>>> there's nothing like 20-20 hindsight.
<br>>>>
<br>>>> Guy
<br>>>>
<br>>>> > -----Original Message-----
<br>>>> > From: owner-metastock@xxxxxxxxxxxxx
<br>>>> > [mailto:owner-metastock@xxxxxxxxxxxxx]On
Behalf Of The Lurker
<br>>>> > Sent: Saturday, January 09, 1999 6:27 PM
<br>>>> > To: metastock@xxxxxxxxxxxxx
<br>>>> > Subject: Re: Zero Balance
<br>>>> >
<br>>>> >
<br>>>> > Adam Hefner wrote:
<br>>>> > >
<br>>>> > > Hello Randy,
<br>>>> > > I'm not sure what the problem is, but I suspect it has to do
<br>>>> > > with the the ZigZag function. The default value is 5%, but
<br>>>> > > I'm not exactly sure what the "5%" is based on (does some-
<br>>>> > > one else know?), all I know is that it is based on the price
<br>>>> > > in some way. Below you will find an updated version that
<br>>>> > > allows the "%" amount to be chosen. Have you found any
<br>>>> > > benefit from this indicator? I personally found it to be a
<br>>>> > > little unreliable, but perhaps someone has found useful.
<br>>>> > >________________________________CUT________________________________
<br>>>> >
Adam Hefner
<br>>>> > > >Adam,
<br>>>> > > >I am not at all familiar with Metastock programming although
I use
<br>>>> > > >Metastock 6.5(6.52), but my question is: Why does the
above code
<br>>not
<br>>>> > > >work on Financials such as Jap Yen, Swiss Franc, Br Pound,
etc?
<br>>>> > > >Is there another way to code this to work on Currencies?
<br>>>> > > >
Thanks
<br>>>> > > >
Randy
<br>>>> > Adam & all,
<br>>>> > I am trying to combine this with a couple of indicators for testing
<br>>>> > buy/sell signals but it will not work on currencies. Does
anyone else
<br>>>> > out there know if the Zig function is what is keeping it from
working
<br>>>> > on Currencies?
<br>>>> >
thanks,
<br>>>> >
Randy
<br>>>> >
<br>>>Guy, I'm glad I got your message today. I was going to start
trading
<br>>>it on the open tommorrow morning. Guess I'll regroup.
<br>>>
Thanks,
<br>>>
Randy
<br>>>
<br>>
<br>></blockquote>
<br> </html>
</x-html>From ???@??? Thu Jan 14 11:07:46 1999
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Message-ID: <01BE3FBF.53484060.stocknet@xxxxxxx>
From: David Walton <stocknet@xxxxxxx>
To: "'Metastock Mailing List'" <metastock@xxxxxxxxxxxxx>
Subject: S&P 500 Symbols
Date: Thu, 14 Jan 1999 13:10:56 -0500
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Does anyone know of a site that has all 500 S&P 500 ticker symbols on it?
This could be a page that does delayed quotes or something similar on all
the components of the S&P 500 index.
Thanks gents...
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