|
PureBytes Links
Trading Reference Links
|
Thanks for the help on the code, Roy. I hope to have a pretty good
working code shortly.
I'm aware of the dynamic nature of the zigzag, especially on EOD
data. I've read dozens of articles on it and various ways to handle
the problems it can create. On intraday screens like 1, 5, 15 and 30
minute time frames, I've tracked a zigzag function based on peak and
trough bars and have found the movement of the indicator to be
reasonable at the shorter distances between the price and the swing
point, 1%, 2%, etc. The false readings and shifts seemed to be
minimal. Obviously on those small distances you would get a lot of
false trend changes. In this case 1% is my starting point. For what
I'm doing it may drop to as low as 0.25%.
On a few occasions I have recorded the first sign of the zigzag
signal and then how many stayed stable intially and then how long it
took for the rest to find their stablility point. Basically, the data
I have collected seems to suggest that at the short distances and in
tighter time frames, the dynamic nature of the indicator does not
pose much of a problem. (At least that's what I've come up with. I
may not have done my data collection properly. It's a little tricky.)
Based on that and the fact that this portion of the expert is not
giving entry signals, just approximate price changes, I thought it
would work well enough in this application. However, I would like to
find another method of doing the same thing, if I can work out the
code.
I'll keep playing around with what you've given me and see where I
can take it. I'm not the best programmer. Everything has to be
learned by trial and error because the information MS provides is so
minimal.
I certainly agree with you that the zigzag should never be used on
EOD and for back testing a system. That's worthless. However, I have
noticed a lot of commentary on this board and other boards that lead
me to believe a lot of people have a negative view of the peak,
trough and zigzag, yet they don't really understand under what
context their views should apply. I guess everyone interprets
whatever they've read as gospel without doing any application testing
themselves. I suppose the topic is always debatable. I've read a few
comments that have lead me to believe the debate is over, and all the
definitive analysis has been done--end of story. I don't think so,
but I'll never change their minds.
Those invisible zigzag signals are always hard to deal with, but one
of the tests I've done is to capture live charts with the peak and
trough function alone and with validated peak and trough functions
for comparison. Those results are interesting.
Thanks again for helping. I'm getting to be a better all the time but
it's slow going. I have a lot ideas I can't code up yet so I have to
do things in a much less efficient way.
Jack
--- In equismetastock@xxxxxxxxxxxxxxx, "Roy Larsen" <rlarsen@xxxx>
wrote:
> Jack
>
> I don't think using ZigZag is a good idea. Even if you get code
that appears
> to do just what you want the dynamic nature of ZZ makes it
virtually useless
> IMO.
>
> I feel that using rock solid code like that below to track prices
moving
> favourably is a better way to go. I haven't cracked how to signal
moves
> across new 1% boundaries yet, but once the entry price is locked in
it's
> just a technicality. The solution won't be too far away.
>
> {Long Trade Move}
> N:=If(Fml("PS Fractal Entry")>0,C,0);
> X:=If(Fml("PS Fractal Exit")>0,C,0);
> Tl:=If(PREV<=0,N,If(C>PREV,Max(C,PREV),If(X>0,0,PREV)));
> El:=Valuewhen(1,Tl>0 and Alert(Tl=0,2),Tl);
> Tl; El;
> {Short Trade Move}
> Ts:=If(PREV=0,X,If(C<PREV,Min(C,PREV),If(N>0,0,PREV)));
> Es:=Valuewhen(1,Ts>0 and Alert(Ts=0,2),Ts);
> Ts; Es;
>
> Roy
>
> > The problem with what I wrote is it doesn't produce an exact
> > crossover at the grid lines. In other words it passes across a
grid
> > line without ever having an exact value of 1.0, for example. The
> > reason is the time frame. If it's a five minute chart the next
bar on
> > a five minute chart is five minutes away which means the indicator
> > value jumps from where it was at bar1 to where it is at bar2, five
> > minutes apart. It makes it tough to find a formula that captures
the
> > right values.
> >
> > For whatever reason the indicator does not work on a 1 minute
chart,
> > so that's not an option. It works good on 10 min and 15 min
charts.
> >
> > What do you think!
> >
> > Jack
> >
> >
> >
> > To unsubscribe from this group, send an email to:
> > equismetastock-unsubscribe@xxxxxxxxxxxxxxx
> >
> >
> >
> > Your use of Yahoo! Groups is subject to
http://docs.yahoo.com/info/terms/
> >
> >
> >
------------------------ Yahoo! Groups Sponsor ---------------------~-->
Free shipping on all inkjet cartridge & refill kit orders to US & Canada. Low prices up to 80% off. We have your brand: HP, Epson, Lexmark & more.
http://www.c1tracking.com/l.asp?cid=5510
http://us.click.yahoo.com/GHXcIA/n.WGAA/ySSFAA/BefplB/TM
---------------------------------------------------------------------~->
To unsubscribe from this group, send an email to:
equismetastock-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
|