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http://trader.online.pl/MSZ/e-w-Double_Tops_and_Double_Bottoms.html
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--- John Doe <ms001122@xxxxxxxxxxx> wrote:
> Dusant,
> I think your criticism of the zigzag indicator is
> too harsh. Initially, I
> also had problems with it as its a tricky indicator
> to understand but after
> months of use and research, I have finally figured
> it out how to use it
> correctly. I am not prepared to reveal my code but
> suffice it to say that
> the info in Metastock's help is grossly inadequate.
> I use explorations based
> on the ZZ every day and the signal is triggered the
> very same day, NOT
> "after-the-fact". Of course, as with any trade, some
> are profitable and some
> are not. This, of course, is not the fault of the
> indicator - it just did
> its job; what happens next and how you manage the
> trade are beyond the
> indicator's control!
>
> I use the ZZ, as an example, to identify DoubleTops
> (over a short time
> frame) and use various %ages. e.g. On 8/8/03, the
> 4%ZZ indicated a
> short-term Double-Top in Intel (symbol INTC) when it
> traded and closed below
> the Trough low of 23.73 (made on 7/25/03) and the
> prior swing closing low of
> 23.97 (made on 7/24/03). [Note: No recommendation is
> being made to Buy or
> Sell; what you do with this information is up to
> you. I am not responsible
> for your trading losses, if any.]
>
> If you so wish, over the next couple days I will
> post some more DoubleTops
> the same day as they occur (I run my explorations
> EOD) so you can satisfy
> yourself that ZZ can indeed trigger events the same
> day as they happen, not
> after-the-fact.
>
>
==========================================================
>
> From: "Dusant" <cooldush@xxxxxxxxxxx>
> Reply-To: equismetastock@xxxxxxxxxxxxxxx
> To: equismetastock@xxxxxxxxxxxxxxx
> Subject: [EquisMetaStock Group] Re: On Power Pivots
> plug in
> Date: Wed, 13 Aug 2003 13:38:17 -0000
>
> JM,
> This point I have made several times in my earlier
> posts too. Any
> system, expert, exploration should be tested by
> adding the data DAY by
> DAY, to check the efficacy of the math.
> It is very easy to create a perfect holy grail
> Expert system using the
> zig indicator, which will show up on the charts
> AFTER the FACT.
> Which makes it practically useless.
> It is not my intention to gloat, only to reiterate
> the fact all
> systems should be tested date by date, to
> familiarise ourself with the
> technical position, which we want to be displayed on
> the chart after
> applying the expert.
> After all, even using a time tested system of the
> MACD combined with
> stochastics takes getting used to.
> Profitable trading.
> Dusant
>
> --- In equismetastock@xxxxxxxxxxxxxxx,
> juan_malaostia <no_reply@xxxx>
> wrote:
> > I have been experiencing with some systems and
> experts included
> > in the Power Pivots plugin, through the demo
> version in MS 8.0. I am
> > interested particularly in the "Contrarian".
> However, I find two
> > main problems befote considering to buy such an
> expensive tool.
> > First, the signals of the system don't always
> correspond with the
> > ones showed by the Expert. Usually they do, but
> with exceptions.
> > Second, the signal only appears in the expert
> 4 or 5 days
> > delayed, something you only realize by adding
> data one by one. This
> > is probably due to be a demo version, but I'd
> like to be sure about
> > it ...
> > Any insight about those questions ?
> > Thanks in advance.
> > JM
>
>
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