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From: equismetastock@xxxxxxxxxxxxxxx [mailto:equismetastock@xxxxxxxxxxxxxxx]
On Behalf Of SUNIL gupta
Sent: Saturday, June 30, 2007 6:04 PM
To: equismetastock@xxxxxxxxxxxxxxx
Subject: Re: [EquisMetaStock Group] accurate but non-revisable signals
where can i learn more about ZIG ZAG
On 6/30/07, hitendra <hitendra@xxxxxxxxxxx <mailto:hitendra%40vasudeo.com> >
wrote:
>
>
>
> Zig Zag
>
> Functioning
>
> Can be taken on any series of date - Open, High , Low or Close.
>
> Commonly used is close
>
> Price 100
>
> Zig Zag 5%
>
> How does it work that one need to know first
>
> If the trend is down
>
> Then every new low will be its base
>
> Assume the trend is falling
>
> And 100 is the lowest at this point
>
> The reversal will be at 105
>
> Now when the price closes above 105
>
> The falling move of the zig zag will be pegged at 100.
>
> Till then any fluctuation between 100 and 105, zig zag will keep changing
>
> The price might move to 104.90 and then fall below 100 the zig will keep
> changing because the confirmation of the falling trend will come on close
> above 105 assuming 100 is not getting violated.
>
> If it falls below 100, the base changes
>
> Say it goes to 99 then 99*1.05 add 5% to 99.
>
> On every new low it will change the base
>
> Any fluctuation between the base and the reversal point, zig zag will keep
> changing. It will not change only when it crossed the reversal point of
> the
> zig zag and the new based will be the new trend.
>
> Zig Zag is bound to change
>
> Revised form of Zig Zag - Is done in IRIS an Indian Software. In this high
> and low is considered
>
> In which the zig zag line will not be drawn up till the change does not
> happen
>
> Need to understand the functioning of Zig Zag before using it,
>
> Many people get into an illusion that is show perfect top and bottom but
> it
> does not.
>
> It gets confirmed only when the reversal form the base point has been
> witnessed.
>
> Before using zig zag please get to know the mechanics other could create
> trouble
>
> From: equismetastock@xxxxxxxxxxxxxxx
<mailto:equismetastock%40yahoogroups.com>
<equismetastock%40yahoogroups.com>[mailto:
> equismetastock@xxxxxxxxxxxxxxx <mailto:equismetastock%40yahoogroups.com>
<equismetastock%40yahoogroups.com>]
> On Behalf Of odesi777
> Sent: Saturday, June 30, 2007 2:00 PM
> To: equismetastock@xxxxxxxxxxxxxxx
<mailto:equismetastock%40yahoogroups.com>
<equismetastock%40yahoogroups.com>
> Subject: [EquisMetaStock Group] accurate but non-revisable signals
>
> Please help .
>
> Here is a code --
> ____________________
> perc:=Input("Percent",0.2,100,0.5);
> Z:=Zig(C,perc,%);
>
> last:=ValueWhen(1,
> ( Z > Ref(Z,-1) AND Ref(Z,-1) < Ref(Z,-2) ) OR ( Z < Ref(Z,-1) AND
> Ref(Z,-1) > Ref(Z,-2) ),
> Ref(Z,-1));
>
> pc:=(C-last) * 100 / last;
> pc
> _____________________
>
> This coding gives you accurate signals but the problem is these
> signals are revisable in live trading because of Zigzag.
> Please guide me ,how can I make this coding which gives accurate but
> non-revisable signals.
>
> [Non-text portions of this message have been removed]
>
>
>
--
Sunil Gupta
[Non-text portions of this message have been removed]
[Non-text portions of this message have been removed]
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