Looking forward to that!
Have a nice day
Do you know why the default is 12.5.3 ? how about 2.1.1 ? could we see 'fractal' there ?
How do you use 2.1.1 setting? When you have time if you can upload a chart will be much appreciated.
The zig zag used in anyway can help us on the purpose of this thread?
No doubt another form of misdirection. I've only ever used ZigZag for spotting 1-2-3 patterns, and at lower settings. I don't bother at all now. But I believe you can see fractals yes.
Interesting about fractals -- when you overlay ZigZag on fractals or vice-versa you'll see many similar markings. I've only briefly looked at their algorithms and superficially there are similarities. So, yes, the ZigZag probably includes "major" fractal points -- but it also misses many other fractal points.
@SwingMan could probably write a thesis on this
@robots4me congratulations it seems that you have integrated in your methodology the fact that "bands" "envelopes" always add visibility for analyzing Price Action
As Jim Hurst wrote in "Profit Magic " - p. 37 : " Construction of such an envelope is always the starting point for observational cyclic analysis"
you are on the right path
PS. maybe some of you need my ZZ marker indi. (but please don't change her name or she will cry..lol)
! NIH98 ZZ Marker Indi.ex4
One thing I am curious about is your use of the term "cyclic analysis" -- implying natural cycles. I don't want to devote multiple posts to this, but I did have a question about how one would go about integrating market theory with "MM psychology". The most important thing I learned from @George is the forex market is NOT a natural market. The key word here is "natural". Market theories assume there are natural phenomena at play. But if the phenomena are actually manipulated then "natural" cycles would simply be a part of the manipulation -- in the case forex. In nature we find fractals (not the forex kind), fibonacci numbers and other special numbers and structures -- but they occur naturally. Nothing in the forex market occurs naturally -- except man's inclination toward greed -- and that applies to retail traders as well as the MM. So, would you disagree the MM manipulates the forex market or would you say that, even in the face of that manipulation, market theories based on natural phenomenon are real?
I understand this is a favorite topic of yours and it isn't fair to ask you to keep it brief. But -- could you just give me a brief flavor of how you see the two coexisting -- since it seems to me they would be mutually exclusive. Thanks...
Would it possible to share the indicator and the template you are using. Thanks for the detailed analysis...
There have been some good threads in the past about the correlation between ZZ and Stochastics.
Landline and hepsibah provided a lot of good info on this subject.
Short technical considerations on "cycles" or "zig-zags" - that is the same
- a downtrending Zig-Zag (Cycle) generates its Top on the LEFT : see Tops 1,4,5 in red
- an uptrending Zig-Zag (Cycle)generates its Top on the RIGHT : see Tops 2,3,6 in green
- when you are in RANGE the Top is located in the Middle
Here is a snippet of what @George just now posted in his thread:
Here is a snippet of what @George says in Post #2407. This is the post that @George and his colleagues keep referring to:
I'd go walk my dog, but it is 1:30a in the morning and she's checked-out for the day. Maybe I should also get an owl as a pet...
2:10 a.m. here haha....
Will keep this short and simple...
Targets and Valleys (H&L) are not necessarily the same thing...
Most Valleys/Peaks H/Ls do get deleted...But not all..
A little cryptic I know... Buts its late and im tired.
a) I have not read @George thread (I will) so I can not have an educated advice on what George wrote and think
b) I do not know what is a "natural" market - even commodities market are not "natural"
c) for me we are dealing on a screen with dots whatever the market we trade
d) we can use exactly the same tools and see endlessly the same repetitive patterns, cycles, waves, zig-zags, harmonics patterns etc on whatever financial entity we analyze and trade
i see no differences between an index, a currency or a share
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