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Spyros - could you kindly send me the formula for the "SR ZZTsum" indicator. Many thanks, David Castley
>
> From: "SR" <raftsp@xxxxxxxxx>
> Date: Tue, 3 Sep 2002 13:05:28 +0300
> To: <metastock@xxxxxxxxxxxxxxxxxx>
> Subject: SR ZigZag Trend by Spyros Raftopoulos
>
> Theo:
>
> Thanks for your interest.
> I agree that there is no magic indicator. Mine is not one for sure!
> On the contrary, what is nice about SR ZZT - I think - is exactly this: it
> takes all the magic apart from the zigzag indicator and it leaves there what
> is only trustworthy, "tradable" and not revisable. So maybe what one gets
> from SR ZZT does not seem as promising as that from the zigzag itself, but
> with my indicator WYSIWYG (What You See Is What You Get), whereas with
> zigzag this is NOT true at all! Of course this does not mean that the zigzag
> indicator is not a great tool for TA. Quite the opposite. Actually SR ZZT is
> based on it! But you can't use zigzag in systems and you cannot trust its
> last leg. That's all.
>
> As I said, the code for the fourth (last) version of SR ZZT has already been
> posted to this group too, but only a couple of users seem to have noticed
> it... I guess I will have to publish it in TASC first :-)
>
> Before I provide the code I will have to ask you and everyone else who will
> use it or refer to it
> 1. to not change its name, which is "SR ZigZag Trend" or just "SR ZZT"
> 2. to not use it for commercial purposes and to not post or publish it
> outside this group without my permission
> 3. to not publish any changes made to its code before first discussing them
> with me
> 4. to not use the whole code or significant part of it in other indicators
> or tools except if this is done for his/her own use.
>
> Needless to say that I am ready to discuss any suggestions and to answer any
> relative questions if I can.
>
> I am sorry for the above restrictions, but I have already seen my previous
> indicator published by sites I had never visited before and I hear confusing
> names like "zigzagSR" or whatever all the time. So let's stick to the name
> and the code given until we all agree that they should be changed :-)
>
> So here it is.
>
>
> {SR ZigZag Trend (SR ZZT) v.4}
> {by Spyros Raftopoulos}
>
> {It is based on the Metastock Zigzag indicator and it returns 1 for a
> confirmed
> uptrend, and -1 for a confirmed downtrend.}
>
> {****************************************}
>
> vr:=Input("Field (0=Ind/tor, 1=Open, 2=High, 3=Low, 4=Close)",0,4,0);
> amnt:=Input("Reversal amount",0.001,1000,10);
> md:=Input("Method (1=Percent, 2=Points)",1,2,1);
> {****************************************}
>
> vr:=If(vr=1,OPEN,If(vr=2,HIGH,If(vr=3,LOW,If(vr=4,CLOSE,P))));
> zz0:=If(md=1, Zig(vr,amnt,%), Zig(vr,amnt,$));
> zz1:=Ref(zz0,-1);
> zz2:=Ref(zz0,-2);
> {****************************************}
>
> tr:=ValueWhen(1,zz0>zz1 AND zz1<zz2, zz1);
> pk:=ValueWhen(1,zz0<zz1 AND zz1>zz2, zz1);
> PU:=If(md=1,tr+Abs(tr)*amnt/100,tr+amnt);
> PD:=If(md=1,pk-Abs(pk)*amnt/100,pk-amnt);
>
> res:=If(vr>=PU AND zz0>zz1,1,
> If(vr<=PD AND zz0<zz1,-1,0));
> res:=If(res<>0,res,ValueWhen(1,res<>0,res));
> res
> {*********** End of code ***************}
>
>
> I guess you have missed my "SR ZZTsum" too. So, if you find the above one
> interesting, then ask me to send this one too. SR ZZTsum is nothing really
> new as it is based on SR ZigZag Trend. Nevertheless the news are that it
> works very good in several markets.
>
> Happy trends!
>
> Spyros
>
>
> ---------------------------------------
>
> Date: Sun, 1 Sep 2002 20:40:02 +0200
> From: "Theo Lockefeer" <sky40912@xxxxxxxxx>
> Subject: Re: ZigZag Validity vs SR ZigZag Trend by Spyros Raftopoulos
>
> 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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