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Lionel,
I first read of "Dunnigan's Short-Term Trend" method in the Futures
Magazine article "Dunnigan's Way". Basically he used 1 or more
up bars to determine upswings, and 1 or more down bars to
determine downswings. He then used the highest High of an upswing
and called it a top, and the opposite for bottoms. The short term trend
changed from up to down when the low of the highest high was broken
by a down bar......... (a down bar is a bar that has both a lower high and
a lower low than the previous day). The article is more about pattern
analysis, but I thought the trend definition was interesting and have been
playing around with it. If you want the code I'll post it.
Best wishes,
Adam Hefner.
VonHef@xxxxxxxxxxxxx
VonHef@xxxxxxxxxx
---------------------------------------
-----Original Message-----
From: Lionel and Gail Issen <lissen@xxxxxxxxxxxxxxxx>
To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
Date: Thursday, January 14, 1999 11:52 AM
Subject: Re: Zero Balance
>Adam:
>
>Please keep me posted.
>
>Where can I get more information on the Dunnigan Trend indicator.
>
>Thanks
>
>Lionel
>-----Original Message-----
>From: Adam Hefner <VonHef@xxxxxxxxxxxxx>
>To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
>Date: Thursday, January 14, 1999 7:35 AM
>Subject: Re: Zero Balance
>
>
>>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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