|
PureBytes Links
Trading Reference Links
|
Most of the matter avaible on Zig Zag is not elaborative of the mechanics.
It create illusion for many.
But those who understand the functioning and the logic behind it then it
become of great help.
You can remove the subjective of which top and bottoms to take.
You can use the top and bottom market by Zig Zag for retracements
You can also use the top and bottom and apply Elliot Wave Counts as well.
From: equismetastock@xxxxxxxxxxxxxxx [mailto:equismetastock@xxxxxxxxxxxxxxx]
On Behalf Of SUNIL gupta
Sent: Saturday, June 30, 2007 6:04 PM
To: equismetastock@xxxxxxxxxxxxxxx
Subject: Re: [EquisMetaStock Group] accurate but non-revisable signals
where can i learn more about ZIG ZAG
On 6/30/07, hitendra <hitendra@xxxxxxxxxxx <mailto:hitendra%40vasudeo.com> >
wrote:
>
>
>
> Zig Zag
>
> Functioning
>
> Can be taken on any series of date - Open, High , Low or Close.
>
> Commonly used is close
>
> Price 100
>
> Zig Zag 5%
>
> How does it work that one need to know first
>
> If the trend is down
>
> Then every new low will be its base
>
> Assume the trend is falling
>
> And 100 is the lowest at this point
>
> The reversal will be at 105
>
> Now when the price closes above 105
>
> The falling move of the zig zag will be pegged at 100.
>
> Till then any fluctuation between 100 and 105, zig zag will keep changing
>
> The price might move to 104.90 and then fall below 100 the zig will keep
> changing because the confirmation of the falling trend will come on close
> above 105 assuming 100 is not getting violated.
>
> If it falls below 100, the base changes
>
> Say it goes to 99 then 99*1.05 add 5% to 99.
>
> On every new low it will change the base
>
> Any fluctuation between the base and the reversal point, zig zag will keep
> changing. It will not change only when it crossed the reversal point of
> the
> zig zag and the new based will be the new trend.
>
> Zig Zag is bound to change
>
> Revised form of Zig Zag - Is done in IRIS an Indian Software. In this high
> and low is considered
>
> In which the zig zag line will not be drawn up till the change does not
> happen
>
> Need to understand the functioning of Zig Zag before using it,
>
> Many people get into an illusion that is show perfect top and bottom but
> it
> does not.
>
> It gets confirmed only when the reversal form the base point has been
> witnessed.
>
> Before using zig zag please get to know the mechanics other could create
> trouble
>
> From: equismetastock@xxxxxxxxxxxxxxx
<mailto:equismetastock%40yahoogroups.com>
<equismetastock%40yahoogroups.com>[mailto:
> equismetastock@xxxxxxxxxxxxxxx <mailto:equismetastock%40yahoogroups.com>
<equismetastock%40yahoogroups.com>]
> On Behalf Of odesi777
> Sent: Saturday, June 30, 2007 2:00 PM
> To: equismetastock@xxxxxxxxxxxxxxx
<mailto:equismetastock%40yahoogroups.com>
<equismetastock%40yahoogroups.com>
> Subject: [EquisMetaStock Group] accurate but non-revisable signals
>
> Please help .
>
> Here is a code --
> ____________________
> perc:=Input("Percent",0.2,100,0.5);
> Z:=Zig(C,perc,%);
>
> last:=ValueWhen(1,
> ( Z > Ref(Z,-1) AND Ref(Z,-1) < Ref(Z,-2) ) OR ( Z < Ref(Z,-1) AND
> Ref(Z,-1) > Ref(Z,-2) ),
> Ref(Z,-1));
>
> pc:=(C-last) * 100 / last;
> pc
> _____________________
>
> This coding gives you accurate signals but the problem is these
> signals are revisable in live trading because of Zigzag.
> Please guide me ,how can I make this coding which gives accurate but
> non-revisable signals.
>
> [Non-text portions of this message have been removed]
>
>
>
--
Sunil Gupta
[Non-text portions of this message have been removed]
[Non-text portions of this message have been removed]
Yahoo! Groups Links
<*> To visit your group on the web, go to:
http://groups.yahoo.com/group/equismetastock/
<*> Your email settings:
Individual Email | Traditional
<*> To change settings online go to:
http://groups.yahoo.com/group/equismetastock/join
(Yahoo! ID required)
<*> To change settings via email:
mailto:equismetastock-digest@xxxxxxxxxxxxxxx
mailto:equismetastock-fullfeatured@xxxxxxxxxxxxxxx
<*> To unsubscribe from this group, send an email to:
equismetastock-unsubscribe@xxxxxxxxxxxxxxx
<*> Your use of Yahoo! Groups is subject to:
http://docs.yahoo.com/info/terms/
|