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Igor,
I have sent you both indicators: ZigZag validity and SR ZigZag Trend.
Please post them to the group, since other members seem to have missed them,
too.
A few more words about them:
ZigZag validity checks ONLY the last leg of zig. DON'T use it in systems.
Since you now have my latest indicator (SR Zigzag Trend) you don't need
validity anymore. Forget it. And I suggest you'd better forget zig itself.
You don't really need it.
SR Zigzag Trend may safely be used in systems, experts, explorations and
everywhere. It is always valid (no revisions and signal disappearing).
Just use it in zig's place. No golden mountains and holy grails, of course.
Just the real picture of the zig valid direction (the confirmed trend).
If your system uses the peak() and/or the trough() functions, this alone
explains why you have disappearing signals.
You see, peak() and trough() functions are RELATED to zigzag() function
(read the MS manual).
NEVER use these functions in systems.
Just use my SR Zigzag Trend in zig's place and you are OK.
I hope you are answered now, but if you still have any queries, I would be
glad to hear them.
Spyros
Date: Sat, 8 Jun 2002 01:40:41 +0200
From: "Igor Devisscher" <igor.devisscher@xxxxxxxxxx>
Subject: RE: peak trough ...ZIG ZAG
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Guys guys guys...this is getting a little bit out of hand and is getting
very confusing...so I will start again..and BTW I did not make any
contribution concerning the SR zig zag. Spyros is the one who wrote that
indicator. Even I don't have that indicator.
So I start again:
I'm made a little formula with the peak and trough function.
If I backtest on historical data from intraday to daily on any stock
commodity or index it is showing very big profits (1 minute 5 minutes 1
hours does not matter) and every time with the same parameters (almost
the holy grail).
BUT...when I start to use this formula in the advisor and in real time,
now and then it gives a signal that 2 or 3 or 4 bars later disappears
like it never took this position. Also the tester confirms this. When
the advisor gives a signal and I run immediately my tester he also show
this signal...when the advisor takes the signal away and I run my tester
again it also pretends it never took this position. No need to tell you
that the signals that are taken away (pretending they never existed) are
loosing trades.
A mail that I found of Owen Davies ( at the bottom of this mail) is
explaining a similar problem. On the mail of Owen there was only 1
answer from Al Taglavore who said that this problem is caused due to the
zig zag indicator witch is used in the peak and trough function. I know
that also but is there a way to overcome this problem. A suggestion that
I made is maybe the SR zig zag (confirms that the zig zag is giving a
100% reliable signal) but I don't have this SR zig zag function.
AND...maybe there is someone who knows an other solution.
Off course with a little bit of conmen sense I can already predict once
you place this SR zig zag function in the peak and trough formula the
golden mountains will disappear and make place for little sand dunes.
But still I would like to know when a peak or trough signal can be
considered as 100% true.
greetings Igor
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