RE: [Metastockusers] price cycle tool

["Hani Mounir" <elmagd2000@xxxxxxxx>]

	-----Original Message----- 
	From: Jose [mailto:josesilva22@xxxxxxxxx] 
	Sent: الاحد 29/02/2004 01:35 م 
	To: Metastockusers@xxxxxxxxxxxxxxx 
	Cc: 
	Subject: [Metastockusers] price cycle tool
	
	


	An example of one of the few valid uses for the ZigZag function:
	
	====================
	Cycle Length average
	====================
	---8<--------------------------------
	
	{ Plots average of price ZigZag cycle length }
	{ ©Copyright 2004 Jose Silva }
	{ http://users.bigpond.com/prominex/pegasus.htm }
	
	{ Stats for ASX All Ords (475) stocks,
	  27/2/2004, 5% ZigZag cycle lengths:
	     mean: 12 trade days;
	     avg:  14 trade days.}
	
	pr:=Input("ZigZag reversal %",0,100,5);
	plot:=Input("plot:  [1] Cycle,  [2] Cycle Avg,  [3] ZigZag",1,3,2);
	adv:=Input("adv plot 1 bar to match cycles?  [1]Yes  [0]No",0,1,0);
	
	x:=Zig(C,pr,%);
	y:=Ref(x,-1)>x AND Ref(x,-1)>Ref(x,-2);
	z:=Ref(x,-1)<x AND Ref(x,-1)<Ref(x,-2);
	PkTr:=y OR z;
	CycleLen:=PkTr*(Ref(BarsSince(PkTr),-1)+1);
	CycleCount:=Cum(PkTr)-1;
	CycleCount:=If(CycleCount=0,.000001,CycleCount);
	CycleLenAvg:=Cum(CycleLen)/CycleCount;
	plot:=If(plot=1,Ref(CycleLen,adv),
	 If(plot=2,Ref(CycleLenAvg,adv),x));
	
	plot
	
	---8<--------------------------------
	
	
	jose '-)
	
	
	
	
	
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