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Randy
You want to stay away from that Zig Zag indicator. It changes daily. The
value for today's date may or may not be the same as today's value tomorrow.
I developed a dyn-o-mite system several years ago before my dad looked at it
and started laughing his head off. That system was 100% accurate, but
there's nothing like 20-20 hindsight.
Guy
> -----Original Message-----
> From: owner-metastock@xxxxxxxxxxxxx
> [mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of The Lurker
> Sent: Saturday, January 09, 1999 6:27 PM
> To: metastock@xxxxxxxxxxxxx
> Subject: Re: Zero Balance
>
>
> Adam Hefner wrote:
> >
> > Hello Randy,
> > I'm not sure what the problem is, but I suspect it has to do
> > with the the ZigZag function. The default value is 5%, but
> > I'm not exactly sure what the "5%" is based on (does some-
> > one else know?), all I know is that it is based on the price
> > in some way. Below you will find an updated version that
> > allows the "%" amount to be chosen. Have you found any
> > benefit from this indicator? I personally found it to be a
> > little unreliable, but perhaps someone has found useful.
> >________________________________CUT________________________________
> Adam Hefner
> > >Adam,
> > >I am not at all familiar with Metastock programming although I use
> > >Metastock 6.5(6.52), but my question is: Why does the above code not
> > >work on Financials such as Jap Yen, Swiss Franc, Br Pound, etc?
> > >Is there another way to code this to work on Currencies?
> > > Thanks
> > > Randy
> Adam & all,
> I am trying to combine this with a couple of indicators for testing
> buy/sell signals but it will not work on currencies. Does anyone else
> out there know if the Zig function is what is keeping it from working
> on Currencies?
> thanks,
> Randy
>
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