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All the adaptive indicators in MS11 use the ZIG function. Zig is
forward-look and backtested results using it are not valid for trading
purpose.
Simple.
pumrysh wrote:
>
> Bryan,
>
> Discussions about the dynamic nature of the zig-zag and their cousin
> peak and trough indicators have gone on in this and other forums for
> years. Most people decided to drop their use at that point in favor of
> indicators that were valid and could be used in real life trading.
>
> Any indicator or system developed using these dynamic indicators
> should be openly identified so that you can make an informed decision
> about your technical analysis tools.
>
> Spyros Raftopoulos did produce a set of indicators that were somewhat
> usable back in 2002 but even his work required validation which he
> openly admitted. A great deal of that work was conducted on the "old"
> Yahoo MetastockUsers group and there were a number of experts who
> weighed in on the problem at the time. As I remember Jose(no longer a
> member here) was only one of them. Others were Roy Larsen and Henry
> Kaczmarczyk. Spyros went on to publish his work in TASC. You can find
> some files about this in our files section.
>
> As for Thomas' statement that MS11 indicators use the zig indicator, I
> cannot verify this. Joo Seng did point out earlier that All
> "MS11-Adaptive xxx" indicators use the Cycle method and are based on
> the zig zag. It should be a simple task to verify this yourself unless
> the indicators are password protected. I would also think that Equis
> would be upfront about the disclosure if it were the case.
>
> Realize also that Thomas did mention his use of "adaptive" indicators
> and as Super has pointed out the question is what are these indicators
> adaptive to.
>
> Hope this helps,
>
> Preston
>
> --- In equismetastock@xxxxxxxxxxxxxxx
> <mailto:equismetastock%40yahoogroups.com>, "mr. bryan mccormick"
> <deepfoobar@xxx> wrote:
> >
> > Wow. Well if this is true, I am not sure what use they could be. A
> zig-zag is a backward looking indicator. As many people have written
> in the past, not the least of them Jose Silva, systems based on
> zig-zag will give nonsense results because of this backwards look. I
> am not sure if Jose is still active. Perhaps I have this wrong. He
> would be the correct person to comment.
> >
> > --- On Tue, 11/24/09, joo seng <jooseng6@xxx> wrote:
> >
> > From: joo seng <jooseng6@xxx>
> > Subject: Re: [EquisMetaStock Group] Re: MS 11 Pro with ZIGZAG in
> indicators
> > To: equismetastock@xxxxxxxxxxxxxxx
> <mailto:equismetastock%40yahoogroups.com>
> > Date: Tuesday, November 24, 2009, 1:00 PM
> >
> >
> >
> >
> >
> >
> >
> > Â
> >
> >
> >
> >
> >
> >
> >
> >
> >
> > All "MS11-Adaptive xxx" indicators using Cycle method are based on
> zig zag.
> >
> > --- On Wed, 25/11/09, superfragalist <no_reply@xxxxxxxxxx s.com> wrote:
> >
> > From: superfragalist <no_reply@xxxxxxxxxx s.com>
> > Subject: [EquisMetaStock Group] Re: MS 11 Pro with ZIGZAG in indicators
> > To: equismetastock@ yahoogroups. com
> > Date: Wednesday, 25 November, 2009, 1:19 AM
> >
> >
> >
> >
> >
> >
> >
> > Â
> >
> >
> >
> >
> >
> >
> > 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@ yahoogroups. com, "thomas12ng" <thomas12ng@
> ...> 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!!!
> >
> > >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> > New Email names for you!
> >
> > Get the Email name you've always wanted on the new @ymail and
> @rocketmail.
> >
> > Hurry before someone else does!
> >
>
>
>
>
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