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Hi Roy, Jose,
Well done, Roy! I changed the default to .001,.020, etc before settling on .050 as the perfect zigzag indicator.
Now, I have to think about how to phrase the next question to this group.
Kind regards,
Al
Roy Larsen <rlarsen@xxxxxxxxxxxxxx> wrote:
Hi Al, Jose
This formula is set to a default of 5% for a reversal to be effective. Changing the default value to a much smaller number before attempting to use it on intraday charts might be worthwhile.
Kind regards
Roy Larsen www.metastocktips.co.nz Free formulas and MS links
----- Original Message ----- From: "Jose" <josesilva22@xxxxxxxxx> To: <equismetastock@xxxxxxxxxxxxxxx> Sent: Monday, December 06, 2004 2:56 AM Subject: [EquisMetaStock Group] Re: zigzag for intraday
> > > Al, if you are referring to the ZigZag code below, it should also work > on 5 min charts. > > jose '-) > > > ============== > ZigZag - Hi/Lo > ============== > ---8<--------------------------- > > { High/Low ZigZag v1.0 } > { Plot
on price chart } > { ©Copyright 2004 Jose Silva } > { http://users.bigpond.com/prominex/pegasus.htm } > > pr:=Input("ZigZag reversal amount", > 0.001,100000,5); > choose:=Input("[1]Hi/Lo ZigZag, [2]Close ZZ, [3]Peaks/Troughs",1,3, > 1); > > pk:=PeakBars(1,H,pr)=0; > tr:=TroughBars(1,L,pr)=0; > pktr:=pk-tr; > > zz:=Zig(C,pr,%); > zzHi:=Zig(H,pr,%); > zzLo:=Zig(L,pr,%); > avg:=(zzHi+zzLo)/2; > > x:= > If(pk,zzHi,If(tr,zzLo,If(avg>Ref(avg,-1),H,L))); > zzHiLo:=Zig(x,pr,%); > > If(choose=1,zzHiLo,If(choose=2,zz,pktr)) > > ---8<--------------------------- > > > > --- In equismetastock@xxxxxxxxxxxxxxx, elnaseer dina <zebra7860@xxxx> > wrote: >> Hello, >> >> A while ago Jose developed the zigzag code for EOD
charts but now I >> wish to employ the Zigzag for my intraday ( 5 min) charts to >> identify swing highs and lows. >> >> Does anybody have a code that can accomplish this? >> >> I would certainly appreciate the help. >> >> Thanks, >> Al > > > > > > > > > > Yahoo! Groups Links > > > > > > > > > >
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