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Spyros :
1) Thanks for your "intervention"
of course i am very interested in your new
SR ZigZag Trend indicator.
I am sure you will find the code for the fourth version of "SR ZZT"
TL : i am not ! :)
===========> so please send it to this list asap !
to my humble opinion there is no one "super" indicator
(although i didnot see the SR ZigZag Trend yet - so i am carefull ;) )
but in a "multiple super indicator set" there is room for a very good Zig
Zag.!
Thanks again
Theo
----- Original Message -----
From: "SR" <raftsp@xxxxxxxxx>
To: <metastock@xxxxxxxxxxxxxxxxxx>
Sent: Sunday, September 01, 2002 6:36 PM
Subject: ZigZag Validity vs SR ZigZag Trend by Spyros Raftopoulos
> Theo and Pierre and all,
>
> the "ZigZag Validity" indicator was my first attempt to confront the
problem
> of the validity of zig().
> Please have in mind that this indicator deals ONLY with the LAST dynamic
leg
> of zig(). It is perfectly reliable in what it says, but it says only if
the
> LAST trend indicated by the zigzag indicator (its direction NOW) is
subject
> to revision or not.
> The code for this indicator of mine had been sent a couple of months ago
to
> the "TASC" and recently to the "Guppy Traders" who will also publish a
> similar article of mine, soon.
> But in the meanwhile, I made a newer and much more powerfull indicator
named
> "SR ZigZag Trend" which was posted to various groups including this one. I
> guess that soon there will be an article for this indicator too.
> Unfortunately many users have not completely understood the differences
> between the two indicators (some of them even confuse their names). So I
> think it's a good idea to explain what each indicator is used for:
>
> ZigZag Validity:
> It returns 1 for valid LAST leg of zig() - regardless of zig's direction -
> and 0 for revisable (NOT valid) LAST leg. It is NOT a stand-alone
indicator,
> but it has to be used WITH the zigzag indicator.
> Usefull for visual inspection only. ZigZag Validity's PAST readings are
NOT
> trustworthy. It must NOT be used in systems.
> It does NOT say the truth about the past, but it is absolutely RELIABLE
> about the PRESENT! (Strange but true!)
>
> SR ZigZag Trend:
> It returns 1 for valid uptrend and -1 for valid downtrend, REJECTING ALL
the
> INVALID readings of zig().
> It can be used as a stand-alone indicator (even in zig's place).
> Usefull for visual inspection but also for many other purposes. ALL its
> readings (present and past) are trusty. It can be safely used in systems
and
> if pasted in the system tester its variables can be even optimized.
> It can and it certainly WILL be used as a basis for other indicators.
We've
> only just begun :-)
>
> In my opinion one does not really need my "ZigZag Validity" anymore. One
can
> do the job much more effectively with "SR ZigZag Trend" which is allways
> reliable and safe. Additionally "SR ZigZag Trend" ("SR ZZT" for short)
> returns also the direction of the trend. It is like having an always valid
> zigzag indicator!
>
> I am sure you will find the code for the fourth version of "SR ZZT"
> somewhere in your past messages from the group. If you don't have it I
will
> be happy to provide it.
>
> I hope this helps.
> Spyros
>
>
>
>
>
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