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Hy to all,
I explained the problem that I have with the zLastSwingPoint % but to
explain what the actuall problem is:
If you have for exapmle an SR ZZT 5%. It gives only a +1 and -1. So
what happens? If the price start to drop from a peak the SR ZZT shows
+1 only when the price fals lower then 5% from that high the SR ZZT
will go from +1 to -1. after the SR ZZT whent to -1 the price has to
go a full 5% up again before the SR ZZT 5 will go from -1 to +1.
Is it possible to have like a stage in between. Exapmle:
The price is at a peak and shows +1...the price start to fall more
then 5% (lets say 5.5%) from that peak the indicator would go to -1.
If the price goes up again with 1% after it fell true the -5% level (
so only 4.5% from that peak) the indicator goes to 0. Only when the
price falls under the 5% from that peak it would show -1 again. As
long as the price stays lower then 5% from that peak the indicator
shows -1.
So if price would climbe again between the -5% and the peak the
indicator jumps to 0 again.
If price fell in total 7% from that peak and price goes up again
after 2% climbing the indicator goes from -1 to 0 again and after an
other 3% climbing the indicator goes from 0 to +1 because price went
up with 5% from the trough. If price falls again with 1% so in
between the trough and the +5% level the indicator goes to 0 again.
Spyrou did allready a great job with making this SR ZZT indicator but
between a peak and a trough of 5 % you don't know whats happening.
After the price went lower then 5% from a peak if it goes up again
with 4.9% or goes a big portion lower then 5% the indicator will stay
the same at -1. Working with severall SR ZZT to show whats happening
is not a good thing because I becomes to big and can't be tested any
more to see the ideal % ....
Is there any one who has a solution for this problem.
The zLastSwingPoint % shows visualy the level of 5% and shows the
price eatch time going true this level but again the indicator gives
signals in the past that whure not there on that moment so can't be
trustted.
Lots of thanks in advance.
igor
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