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I've looked at the formula's for most of the indicators and I don't recall any of them being based on zig zag formulas. Maybe I missed one.
They have prev statements in them which slow them down to the point where they have limited use, especially on intraday charts, but that's about it.
How an adaptive indicator performs is based on what it is adapting too? Volatility, moving averages, money flow, etc. There are many ways to program adaptive indicators.
Super
--- In equismetastock@xxxxxxxxxxxxxxx, "thomas12ng" <thomas12ng@xxx> wrote:
>
> Hi,
>
> I am surprise that the recent development in metastock 11 is somewhat twisted.
>
> After reviewing the indicator builder components (where all names start with MS11 ; they must contain ZIGZAG parameter as their proprietary arrangement.) I feel sad about this set back. Mainly with the indicator quality. I have monitored a few hypothetical porfolio which system build based on these compenent vs. my own indicator from a reliable "adaptive" indicator. The result is totally very very bad.
>
> I truly have no idea who was the genius author behind these repaint indicator.
>
>
> Just a quick suggestion: to those who try to develop system as based on MS11 custom indicator just abandon it!!!
>
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