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The problem is that zigzag() and all the zigzag-related functions such as
trough(), peak(), troughbars() peakbars() are dynamic. They look forward (in
the future).
In other words they adapt their past behavior according to new data added,
and in many cases they
are revised. Although you can use them in order to learn about the major
moves of the past and to make
cycle (wave) or trend analysis, you should not trust them in the present.
Instead, you can trust my SR ZZT indicators.
Go to http://groups.yahoo.com/group/equismetastock/files/ and download the
document named
"SR Zigzag related indicators". Read it carefully and if you have further
questions, then ask me.
I also strongly suggest that you read my Zigzag Validity articles in S&C
magazine or the GuppyTraders newspaper.
Spyros
Message: 12
Date: Mon, 16 Dec 2002 04:52:35 -0000
From: "mleonsprint <mleonsprint@xxxxxxxxx>" <mleonsprint@xxxxxxxxx>
Subject: Formula understanding.........
TroughBars(1,L,3)=1 AND TroughBars(1,MACD(),29)=1
PeakBars(1,H,3)=1 AND PeakBars(1,MACD(),29)=1
I came across this formula and realize that in no way does it work
in reality, while these formula's look great they don't work in
reality, When building formula's I find it VERY important to
understand why something does NOT work even thought it looks like it
should (ie. not putting a "-" in the ref function)(I know you have
been there)
I have no idea how this function works even after running through
the example a million times and then looking at this formula.... Can
anyone explain.. this dream code.....
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