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HI all.
The detrended price oscillator is a great tool for
timing market extremes. However it plots data only in
the past since the cycle is back adjusted.
Does anyone have any proxy alternate way to mimim the
indicator to display the indicator current.
Looking forwards to replies.
--- Jose <josesilva22@xxxxxxxxx> wrote:
---------------------------------
Now with dynamic last leg.
jose '-)
============
Cycle Length
============
---8<--------------------------------
{ Price peak/trough cycle length v4.0 }
{ Warning: last peak/trough is dynamic!}
{ Plot in own window below price chart }
{ ©Copyright 2004 Jose Silva }
{ http://users.bigpond.com/prominex/pegasus.htm }
{ 6/4/2004 ASX 1152 active stocks exploration,
3.25% ZigZag cycle lengths, mean price cycle:
3.7 days Long;
4.5 days Short;
8.2 trade days total.}
zzper:=Input("ZigZag reversal %",.001,100,3.25);
pds:=Input("avg StdDev periods",2,2520,7);
plot:=Input("[1]Cycles, [2]Cycle Avg, [3]Avg StdDev,
[4]ZigZag",1,4,1)
;
pk:=PeakBars(1,C,zzper)=0;
tr:=TroughBars(1,C,zzper)=0;
lastBar:=Cum(1)=LastValue(Cum(1));
lastLeg:=lastBar*LastValue(BarsSince(pk OR tr));
CycleUp:=pk*BarsSince(tr);
CycleUpAvg:=
Cum(CycleUp)/(Cum(CycleUp>0)+.000001);
CycleUpStdDev:=Stdev(CycleUp,pds);
CycleUpStdDevAvg:=Cum(CycleUpStdDev)
/(Cum(CycleUpStdDev>0)+.000001);
CycleDw:=tr*BarsSince(pk);
CycleDwAvg:=
Cum(CycleDw)/(Cum(CycleDw>0)+.000001);
CycleDwStdDev:=Stdev(CycleDw,pds);
CycleDwStdDevAvg:=Cum(CycleDwStdDev)
/(Cum(CycleDwStdDev>0)+.000001);
cycle:=CycleUp+-CycleDw;
lastLeg:=If(ValueWhen(1,pk OR tr,cycle)<0,
lastleg,-lastleg)*lastBar;
cycle:=cycle+lastLeg;
zz:=Zig(cycle,zzper,%);
plotUp:=If(plot=1,0,
If(plot=2,CycleUpAvg,
If(plot=3,CycleUpStdDevAvg,0)));
plotDw:=If(plot=1,cycle,
If(plot=2,-CycleDwAvg,
If(plot=3,-CycleDwStdDevAvg,zz)));
plotUp;plotDw
---8<--------------------------------
--- In Metastockusers@xxxxxxxxxxxxxxx, "Jose"
<josesilva22@xxxx>
wrote:
>
> 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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