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<DIV><FONT color=#000000 size=2>Hello Ken,</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT><FONT size=2> What you have posted
seems logical and I thank you for your comments.</FONT></DIV>
<DIV><FONT size=2>The "Zero Balance" indicator is basically taking
past peaks and trough values</FONT></DIV>
<DIV><FONT size=2>and calculating where future peaks and trough should be
(provided the trend</FONT></DIV>
<DIV><FONT size=2>holds), but since there is this dynamic part to the Zig-Zag
function I think </FONT></DIV>
<DIV><FONT size=2>most would be more comfortable with a different method of
determining</FONT></DIV>
<DIV><FONT size=2>these peaks and troughs......after all who wants to base money
on an "untrusted"</FONT></DIV>
<DIV><FONT size=2>indicator? Again I thank you for your explanation on the
Zig-Zag function.</FONT></DIV>
<DIV><FONT color=#000000 size=2><BR> Best
wishes,<BR> Adam Hefner.<BR><A
href="mailto:VonHef@xxxxxxxxxxxxx";>VonHef@xxxxxxxxxxxxx</A> <BR><A
href="mailto:VonHef@xxxxxxxxxx";>VonHef@xxxxxxxxxx</A></FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000
size=2>---------------------------------------</FONT></DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 solid 2px; MARGIN-LEFT: 5px; PADDING-LEFT: 5px">
<DIV><FONT face=Arial size=2><B>-----Original Message-----</B><BR><B>From:
</B>divenfish@xxxxxxxxxxxxx
<<A
href="mailto:divenfish@xxxxxxxxxxxxx";>divenfish@xxxxxxxxxxxxx</A>><BR><B>To:
</B>metastock@xxxxxxxxxxxxx
<<A
href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx</A>><BR><B>Date:
</B>Thursday, January 14, 1999 12:10 PM<BR><B>Subject: </B>Re: Zero
Balance<BR><BR></DIV></FONT> <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 21:23:43 1999
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From: "Alfredo Oscar Chescotta" <tiches@xxxxxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Subject: RE: Chart Tips and V6.52 EOD
Date: Thu, 14 Jan 1999 20:55:58 -0300
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Status: U
Yes... It could be a great thing...
> -----Mensaje original-----
> De: metastock@xxxxxxxxxxxxx [mailto:metastock@xxxxxxxxxxxxx]
> Enviado el: Miércoles, 13 de Enero de 1999 09:32 a.m.
> Para: Tiches
> Asunto: Chart Tips and V6.52 EOD
>
>
>
> To Equis Support,
>
> Now that the excellent Chart Tips is working so well under V6.52
> EOD, would
> it be possible to include Price Change in the Chart Tips. This
> would make it
> even more useful, and remove the need to have the data window open.
>
> Thanks and Regards
> Ian
>
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