From your description, it sounds to me like the AlphOmega plug-in is using the hindsight-based ZigZag functions. jose '-)

I'm curious to know his answer ... Be carefull, make sure you do take your time and paper trade this system, I would not rely on the system tester's results if the signals appear and disappear. Wether it is working as designed or not ;) Patrick :mrgreen:

Patrick, Just got the replay from AlphOmega: Usually the signal is firm at the completion of the bar. There may be times when the signal goes on and off when the price moves in the threshold (trigger) zone. If the stock had gone up past the trigger point by the end of the bar, the signal would have been firmed. Seems reasonable, but perfect results just can't be true - must be something else. Two things I know: 1) no software is right more than maybe 55% of the time, and 2) nobody knows whether a stock will go up or down. Joe

I would be interested in the results of the test. A ZigZag trap (like above) is my guess. Also, something like a weekly signal coming and going while it is still an active week. 55% - that's it?

Alpha Omega buy sell signal is ok but is late signal as you may see after 3 days of bullish trend it show red signal(buy signal) and 2-3 days is show sell signal... It better to look at candlestick Patern recognize what is happening than Alpha.. Alpha is ok for longer term trader... not for me.., I have use alpha to catch the swing of very short movement but only 4% of my trade was succesful on alpha.. look below a chart is alpha template with Candlestick I mark my trade.. it not that sucesfful as must be... but that my start only.. Lucent Techonology (LU) each order of 5000 share I making my decision mostly on candlestick...

I tried the product a while ago. It uses a zig zag indicator with a percentage change. That means that on real time basis a signal may appear now and disappear a few minutes later. Somewhere in the documentation I believe they explained that before a signal becomes "tradeable" that is, before you know that it will not disappear, you need to wait for a "confirmation". Usually, by the time you receive the confirmation, the pattern is complete and a move in the opposite direction has began. therefore you end up buy high and selling low. I also thought the product is way overloaded with indicators experts and systems all doing the same thing. I believe with the intention of convincing the user they are getting a lot for their money when in fact all they are getting is a zig zag indicator combined with a 5/35 oscilator. This is a flaw of many elliott wave counters which re-count the waves continuously thus making trading impossible. From my quick observation Advanced GET End od Day does not have this flaw. You would not get the perfect picture you would otherwise but the signals are well defined and clear to see. It is, however, an expensive priduct.

I never saw it... did you reply to this thread, or are you talking about the first time you answered this same question in another thread?

Well then... if it wasn't ground breaking... ok. :lol:

G.stockman Thank you yes, i will see Joes web site for any assistance! Hello [color=green:6e6ee1605a]Hywemen[/color]