RE: [EquisMetaStock Group] zigzag help, MetaStock Email Archive

The inherent problem is because of the bug in zig zag which metastock should rectify it in programming part.

How does a zig zag work.

If the price is 100 which is the low. Then we need to check how the up swing will begin.

Reversal is 5% for example the data is closing.

100 + 5% then value is 105. When price closes above 105 then zig zag should turn up and zig zag confirm up.

But in metastock even if the price move to 102 then line get stretches from 100 to 102.

Actually it should not do that. Because of which the bug and top and bottom or trough and peak changes.

We have other software in India like Spider software iris in which the line does not get streteched.

Zig Zag is a bug actually in met stock which they should rectify in new version when they are launching.

Hitendra Vasudeo

www.stockmechanics.com

From: equismetastock@xxxxxxxxxxxxxxx [mailto:equismetastock@xxxxxxxxxxxxxxx] On Behalf Of Rob Tinley
Sent: Friday, June 19, 2009 4:52 PM
To: equismetastock@xxxxxxxxxxxxxxx
Subject: Re: [EquisMetaStock Group] zigzag help

Try using either Peak Value [Peak(Nth,Data Array,% Minimum Change)] or Trough Value [Trough(Nth,Data Array,% Minimum Change)].

From your post you've obviously picked up on the inherent dangers of using indicators that utilise the ZigZag function.

--- On Thu, 18/6/09, hailasarmale@xxxxxxxxx <hailasarmale@xxxxxxxxx> wrote:

From: hailasarmale@xxxxxxxxx <hailasarmale@xxxxxxxxx>
Subject: [EquisMetaStock Group] zigzag help
To: equismetastock@xxxxxxxxxxxxxxx
Received: Thursday, 18 June, 2009, 6:22 PM

Hi ,

I'm new to this forum and to metastock programming .I need a little help please .

This is what i'm trying to do :

- read values of the last 3 or 4 tops of a zigzag indicator and average them .

- read values of the last 3 or 4 bottoms of the same indicator and average them

( find an average magnitude )

- find distances between the last consecutive 8 tops and bottoms and find an average wavelength

- generate a sinusoid using the average magnitude/wavelengt h that I can extrapolate a little in the future .

BUT I want to ignore the last top/bottom that is not yet confirmed .

Could someone help me please ?

Warm Regards

H

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