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ZigZag

Chart Forum » Trading - Systems » ZigZag

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coyotte
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Username: coyotte

Post Number: 240
Registered: 12-2002

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Thursday, October 11, 2007 - 07:17 am:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Anyone tried out this Indicator in AFL library ?

been playing around with it and certainly looks promising .

Cheers.


The "Sea of Uncertainty" is defeated by the nimble vessel "Probability", not the unwieldy vessel "Prediction".

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perler59
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Username: perler59

Post Number: 999
Registered: 09-2003

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Thursday, October 11, 2007 - 11:21 am:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Coyotte, its very misleading because it looks into the future. I'm sure I'd be very profitable if I could do that!

BTW we shouldn't be talking about "Other" programs :-)


http://sttc.net.au/~stever

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davedagr8
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Username: davedagr8

Post Number: 193
Registered: 09-2004

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Friday, October 19, 2007 - 10:39 am:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Coyotte,

ZigZag is not something you can use in a system for predicting future prices. It can change it's past turning points based on today's price action.

ie, if you looked at it on wednesday and the line was going up from Monday, then thursday you looked at it again but thursday was a down day, then it can change the line all the way from Monday to be going down.

If you try and trade using this you'll be pulling your hair out pretty quickly







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cjb
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Username: cjb

Post Number: 109
Registered: 02-2003

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Friday, October 19, 2007 - 11:23 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



There are a couple of different ways you can implement a zigzag line. Some have threshold levels which will tell you when a turning point is valid. They are ok as a guide but as yet I have not seen one that works to any great level of success as the basis for a trading system.

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