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[EquisMetaStock Group] Re: Problem with zLastSwingPoint % by Spyros Raftopoulos



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Igor,

You need to read the ZZ Validity pdf in the files section. The 
percentage used in the zLastSwingPoint% indicator has a limit of 
reliability, it is not 100%.

BTW: There are 3 files on the ZZT in our files section. You can also 
research ALL (equismetastock and metastock users) the previous 
discussions on the topic by doing an archive search at the following 
address:
http://www.purebytes.com/cgi-local/swish/swish-cgi.pl

Preston


--- In equismetastock@xxxxxxxxxxxxxxx, "thefuturemaster" 
<thefuturemaster@xxxx> wrote:
>
> Preston,
> 
> The indicators that Spyrous build whure specaly to overcome this 
> problem of hindsight. If you know about the SR ZZT indicator then 
you 
> would know that it uses Zig-Zag  but it will only give a signal 
when 
> the situation is 100% confirmed. I think that he had the same in 
mind 
> for the zLastSwingPoint % indicator but now and then if gives a 
> signal with hindsight...again the reason why is strange because 
there 
> is no logic if I analyse the situation....so again is there someone 
> who knows or who can solve the problem please...
> 
> TNX in advance...
> 
> igor
> 
> 
> --- In equismetastock@xxxxxxxxxxxxxxx, pumrysh <no_reply@xxxx> 
wrote:
> >
> > igor,
> > 
> > Using zig, peak or trough this is not a solvable problem. These 
are 
> > dynamic indicators...meaning their values will change based on 
the 
> > data...they are hindsight indicators. I believe Spyrous did have 
a 
> > solution but it did not use the indicators mentioned above.
> > 
> > Preston
> > 
> > 
> > --- In equismetastock@xxxxxxxxxxxxxxx, "thefuturemaster" 
> > <thefuturemaster@xxxx> wrote:
> > >
> > > Hy,
> > > 
> > > I tryed to make a trading system with the help of the 
> > zLastSwingPoint 
> > > % indicator made by Spyrous.
> > > 
> > > I know from the past (several years ago) that Spyrous wanted to 
> > make 
> > > indicators based on Zig-Zag indicator but that would hold a 
given 
> > > signal and not take away after a while or would not place 
signals 
> > in 
> > > the past wich at first whure not there.
> > > 
> > > The indicator zLastSwingPoint % DO place signals in the past 
wich 
> > at 
> > > first whure not there. When I examen the situation there is not 
> > logic 
> > > at all...I work for the european BUND on a 60min chart. During 
> the 
> > > afternoon of the 6 dec 2005 price went up to about 121.00 On 
that 
> > > moment a signal apeared on the the 1st Dec 2005 at 11:00 CET 
> > 120.46). 
> > > When I cut off the data of the 6the dec the signal given on the 
> > first 
> > > disapears. Strange enough there was plenty off data between the 
> 1st 
> > > and the 6th there that was higher then the point where the 
signal 
> > > apears on the 1st Dec at 11:00 cet.
> > > 
> > > Is there someone who knows about this problem ?...Did Spyrous 
> solve 
> > > this problem ? I know that the indicator SR ZZT gives real 
> > confirmed 
> > > signals and does not have the problem that I discribed above 
but 
> I 
> > > would need the zLastSwingPoint % or something similar because I 
> > need 
> > > the graphic movement of what the zLastSwingPoint % does and not 
> > > something wich only shows something binair like +1 or -1
> > > 
> > > TNX in advance...
> > > 
> > > PS. Sorry for my enlish writing.
> > >
> >
>






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