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<DIV><SPAN class=860460822-14011999><FONT color=#0000ff face=Arial
size=2>Ken</FONT></SPAN></DIV>
<DIV><SPAN class=860460822-14011999><FONT color=#0000ff face=Arial
size=2></FONT></SPAN> </DIV>
<DIV><SPAN class=860460822-14011999><FONT color=#0000ff face=Arial size=2>That
last leg is dynamic. The problem, as you state, is determining when it
quits being dynamic. That happens after a change in direction, therefore
you will always be a day late and a dollar short :). If I remember
correctly, somewhere in the MetaStock manual is a disclaimer about using the Zig
Zag indicator. Found that after I wasted a ton of time working with it.
:)</FONT></SPAN></DIV>
<DIV><SPAN class=860460822-14011999><FONT color=#0000ff face=Arial
size=2></FONT></SPAN> </DIV>
<DIV><SPAN class=860460822-14011999><FONT color=#0000ff face=Arial
size=2>Guy</FONT></SPAN></DIV>
<DIV><SPAN class=860460822-14011999><FONT color=#0000ff face=Arial
size=2></FONT></SPAN> </DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #0000ff solid 2px; MARGIN-LEFT: 5px; PADDING-LEFT: 5px">
<DIV class=OutlookMessageHeader><FONT face="Times New Roman"
size=2>-----Original Message-----<BR><B>From:</B>
owner-metastock@xxxxxxxxxxxxx [mailto:owner-metastock@xxxxxxxxxxxxx]<B>On
Behalf Of</B> divenfish@xxxxxxxxxxxxx<BR><B>Sent:</B> Thursday, January 14,
1999 9:47 AM<BR><B>To:</B> metastock@xxxxxxxxxxxxx<BR><B>Subject:</B> Re:
Zero Balance<BR><BR></FONT></DIV> <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><A
href="mailto:divenfish@xxxxxxxxxxxxx";>mailto:divenfish@xxxxxxxxxxxxx</A>
<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>>>> > [<A
href="mailto:owner-metastock@xxxxxxxxxxxxx";>mailto:owner-metastock@xxxxxxxxxxxxx</A>]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>></P></BLOCKQUOTE><A
href="mailto:divenfish@xxxxxxxxxxxxx";></A><BR> </BLOCKQUOTE></BODY></HTML>
</x-html>From ???@??? Thu Jan 14 21:23:29 1999
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From: "Guy Tann" <grtann@xxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Subject: RE: Zero Balance
Date: Thu, 14 Jan 1999 14:46:15 -0800
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Status: U
Lionel
I think you're right here. The problem is determining when you've reached
that last point on the leg, since you can't rely on today's value in any
calculations. Unless this is the last point, you won't know whether you can
use the number or not until the next day. A $ short and a day late :).
Makes it a little hard to trade unless you develop a leading indicator
(really leading).
Guy
> -----Original Message-----
> From: owner-metastock@xxxxxxxxxxxxx
> [mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of Lionel and Gail Issen
> Sent: Wednesday, January 13, 1999 8:56 PM
> To: metastock@xxxxxxxxxxxxx
> 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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