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An example of one of the few valid uses for the ZigZag function:
====================
Cycle Length average
====================
---8<--------------------------------
{ Plots average of price ZigZag cycle length }
{ ©Copyright 2004 Jose Silva }
{ http://users.bigpond.com/prominex/pegasus.htm }
{ Stats for ASX All Ords (475) stocks,
27/2/2004, 5% ZigZag cycle lengths:
mean: 12 trade days;
avg: 14 trade days.}
pr:=Input("ZigZag reversal %",0,100,5);
plot:=Input("plot: [1] Cycle, [2] Cycle Avg, [3] ZigZag",1,3,2);
adv:=Input("adv plot 1 bar to match cycles? [1]Yes [0]No",0,1,0);
x:=Zig(C,pr,%);
y:=Ref(x,-1)>x AND Ref(x,-1)>Ref(x,-2);
z:=Ref(x,-1)<x AND Ref(x,-1)<Ref(x,-2);
PkTr:=y OR z;
CycleLen:=PkTr*(Ref(BarsSince(PkTr),-1)+1);
CycleCount:=Cum(PkTr)-1;
CycleCount:=If(CycleCount=0,.000001,CycleCount);
CycleLenAvg:=Cum(CycleLen)/CycleCount;
plot:=If(plot=1,Ref(CycleLen,adv),
If(plot=2,Ref(CycleLenAvg,adv),x));
plot
---8<--------------------------------
jose '-)
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