Rank: Newbie
Groups: Registered, Registered Users
Joined: 1/3/2006(UTC)
Posts: 5
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I am trying to work with Peakbars and Troughbars functions, but am having some trouble getting my exploring working properly here is the scenario and the problem I am having.
Buy when:
Troughbars()<Ref(Troughbars(),-1)
Troughbars resets when slope goes positive. So every time the slope turns positive the “counter” starts over.
I am finding that it ends up being a delayed trigger with EOD data.
A trigger for the previous day isn’t developed until the current days data is entered. Then I can’t enter a trade until the next day, where in lies the problem. Now I haven’t entered the trade until two days after the trigger was created.
Is there anyway that anyone can think of to correct this? Or is this just the nature of this beast?
Ideally I want to enter the trade the day after the trigger is created, but I don’t know why the trigger isn’t created until the day after.
I don’t see the problem when I am system testing but it manifests itself when trying to explore for stocks with this trigger.
TIA
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Rank: Advanced Member
Groups: Registered, Registered Users
Joined: 4/27/2005(UTC)
Posts: 31
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There is an inherent problem with using peak and trough functions as the signals for trades. This functions are calculated from the most recent bar looking backwards through the data as opposed to the normal method of earliest bar looking forward. This is because the peak and trough bars are based on the Zig Zag indicator.
There is a redeeming value though. The peak and Trough functions seem to not update until the new direction is confirmed. That is, the zig zag may be going up and then turn down and even continue down for serveral bars. However, until the zig zag has moved the specified retracement percentage, the peak and trough bars are not updated. The peak and trough will ignore the new direction till it is confimed and then retroactively include the new direction of the zig zag.
So while the peak and trough formulas may test well, they can not be traded effectively as all your signals will have to wait till the new move is confirmed.
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Rank: Advanced Member
Groups: Registered, Registered Users
Joined: 8/13/2005(UTC)
Posts: 170
Thanks: 7 times
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Dear Seniors,
Please help me by providing the full formula of "Zig Zag" .How can i harness it's excellent hind sight for future Price
projection.With EOD data in exploration i have somehow been able to get the signal next day but in many scrips the result
shows N/A .
Regards
Asish
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