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Guy Tann wrote:
>
> Randy
>
> Good luck. I was heart broken when my dad told me about the Zig Zag
> indicator. Thought I had finally found the "keys to the kingdom". :)
>
> Guy
>
> > -----Original Message-----
> > From: owner-metastock@xxxxxxxxxxxxx
> > [mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of The Lurker
> > Sent: Wednesday, January 13, 1999 3:47 PM
> > To: metastock@xxxxxxxxxxxxx
> > 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
> >
Thanks Guy,
So did I. I have tracked it for about 2 weeks and it still seems
profitable. It seems to run about 2 days behind but based on when I
enter on paper, it still seems to show a profit everyday when I download
my quotes. Strange. I will watch it for awhile.
Thanks again,
Randy
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