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Since all indicators are after the fact, using a zig-zag indicator may give
as good results as some of the other systems we use.
Lionel Issen
At 11:43 PM 5/19/97 +0200, BJÖRN BOLUMLID wrote:
>Hi
>
>Thanks for the ansver , i have`t reed that before .
>Any suggest on what i can use insted of Zig-Zag to get the same results.
>
> BoL
>
>
>----------
>Från: Richard Estes <dick@xxxxxxxxxxxxxxxxx>
>Till: EQUIS MAIL-list <metastock-list@xxxxxxxxxxxxx>; tmurrey
><tmurrey@xxxxxxxxxxx>; BJÖRN BOLUMLID <bolum@xxxxxxxxxx>
>Ämne: Re: Perhaps or ?
>Datum: den 19 maj 1997 23:12
>
>>From MSWIN help:
>The Zig Zag indicator (see Zig Zag) uses 20/20 hindsight to filter out
>fluctuations. It shows only price movements that are equal to or greater
>than the amount specified. However, the Zig Zag indicator determines this
>"after the fact" (an advantage a trader doesn't have).
>With that said, never use the Zig Zag indicator in a system test. It will
>produce results that are not attainable in real trading.
>I am sure Murrey had tounge in cheek. If you have ever seen the amount of
>math that he applies to his systems. Just imagine a "Harmonic Sound Pitch
>of the Key of C".
>http://www.why.net/users/blhill/pages/murrey.html
>Richard Estes
>
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