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Dear Guy,
I know that, but the idea is to use this indicator to make stock selection.
I have made a system in Metastock, using Zig-Zag, to obtain a more
realistic Maximum Profit System. I have observed that the earnings of any
other good system are, more or less, a fracction of the results of this
system, and this fraction seems to be more os less constant. Let me explain
better: If I run this system in several stocks and I get that stock A has
earnings of 100% , stock B has 10%, and stock C has 150% indicates to me
(better: maybe indicates) that there is somewhere a system able to produce
around 50%, 5% and 75% of earnings, but no more and for each stock the
system can be different.
I have made a few test in Metastock, but now I am trying to traslate the
system to Excel and I am not sure about the formulation of the indicator.
Regards
Angel
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