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Ross,
I agree. It's always important to test the next higher time frame as you
suggest. - Brian
-----Original Message-----
From: Ross Kovacs <rossrk@xxxxxxxxxxxxxx>
To: Metastock List <metastock@xxxxxxxxxxxxx>
Cc: pschmi02@xxxxxxxxxxx <pschmi02@xxxxxxxxxxx>
Date: Saturday, June 10, 2000 12:00 AM
Subject: Uses for Zig Zag Indicator
>I've found the indicator useful in testing systems. All of my systems use
>at least two time frames (i.e., a short term signal that is only accepted
>when it is confirmed by a longer term signal). Often I have an idea for a
>system in one time frame that I want to test without having the other time
>frame "interfering" with the signals from the idea being tested. For
>example, I might test a system idea where I only enter a long when a 10%
Zig
>Zag is rising (and correspondingly, only enter a short when a 10% Zig Zag
is
>falling). Once I've decided if the trading idea is viable with Zig Zag, I
>will then combine the trading idea with a real indicator in the Zig Zag's
>time frame to see if I have a viable system.
>
>Obviously, this is only useful to someone with my style of building trading
>systems (check at least two time frames).
>
>
>Ross Kovacs
>
>rossrk@xxxxxxxxxxxxxx
>
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