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Yes Spyros :
Many Thanks for all your appriciated efforts !
Of course interested too in the formula for the "SR ZZTsum" indicator.
I will let you know afterwards what i think of them.
Thanks again
Theo
----- Original Message -----
From: <drc1939@xxxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Wednesday, September 04, 2002 9:30 AM
Subject: Re: SR ZigZag Trend by Spyros Raftopoulos
> 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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