Way to approach the ZigZag indicator! (?)

Quoting VEEFX

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Is there any resemblance in characteristic behavior of MEDIAN between the two scenarios: ZZ Median using a ZigZag indicator when on a tick chart? EMA(1, (H+L)/2) measured on M1 timeframe and superimposed on a tick chart ? Getting there but still not able to consistently leverage/trap the median (to avoid being too early or too late or being in the wrong direction i.e. buy at tops and sell at bottoms) {image}

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Quoting AntiCre

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{quote} Don't get what you are saying?! Do you try to catch reversals by looking for tick price crosses above/below the median MA after the median ZZ leg length has been established?

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Quoting VEEFX

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That is why I have chosen the quantification route to focus only on data and not charts :-)

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Quoting AntiCre

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Thanks a lot for your explanations. Now it's clear {quote} You know me. Thus, you know that I'm a believer of that approach. If there is a way to succeed, then quantitative science and data analysis is the only way to reveal it.

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Quoting VEEFX

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{quote} Yep. I had asked earlier in my thread if there is a way to measure the length of an EMA Slope. I feel the distance traveled within each slope could also have some relationship between HH-LL range especially during the slope transition resulting in some 123 pattern or some such clue. Perhaps some Fibonacci sequence, pi or golden ratio or harmonic relationship stuff we hear from gurus might be there :-

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Quoting AntiCre

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{quote} Hmm, I think I misunderstood that post. I guess the calculation is quite CPU-consumptive. But if I'm bored over the weekend, I could maybe check the distribution with R

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Quoting VEEFX

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{quote} Thanks man. don't want to chase down the path and waste your time coding. These all began with some basic ideas and as I am chasing them, coming up with more ideas. Most of the time, these attempts result in not a whole lot of monetary value to exploit but idea is step 1 towards creativity and innovation. who knows what we may stumble across.... we won't know unless we give it a try :-) Edit: Here's another thing I am exploring but I hate bollinger bands or standard deviations for that matter when it comes to trending channels but putting...

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Quoting VEEFX

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{quote} Thinking further and following up on my ideas to generate more ideas, techniques and tricks towards positive expectancy, here's something you can add to your bucket list for statistical evaluation if you like. Screw the ZZs and everything in between for a moment and just focus on the median (H+L)/2 of a range or current developing candle and study how the tick chart wraps around the so called "developing median". Example: M15 candle at session open. As M15 candle expands it's range, median goes up or down with it. Same for M5, same for M1...

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Quoting Nih98

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Hi Bro AC, I try reading and learning, but still as usual I'm noob on this field. Actually if you try to research on pure data analysis (net flow from liquidity provider before modified by retail broker into bid/ask prices) then this is not for me..lol. My Main account trade through DMA but on manual and not use any algos. But, as promise here we go my ZZ marker Indi with additional Donchian Channel and Median with shift function. The standard setting 'designed' to use ZZ in 'opposite' function, so if the last leg pointing up at the first time on...

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Quoting AntiCre

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{quote} Thank you! Please allow to ask some questions: When would you enter? And more important: When/where would you exit? Which role plays the +1 line, which the other DC lines? Why is the ZZ and DC not in synch (I mean, there's an ZZ up leg although candle's high isn't at the DC's high line? What's the idea behind that setup? Would you use the ZZ just as directional bias and determine entries/exits with other indicators or price action (which)? Best wishes to you in the geographical study area (of my PhD)

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Quoting AntiCre

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{quote} Thank you! Please allow to ask some questions: When would you enter? And more important: When/where would you exit? Which role plays the +1 line, which the other DC lines? Why is the ZZ and DC not in synch (I mean, there's an ZZ up leg although candle's high isn't at the DC's high line? What's the idea behind that setup? Would you use the ZZ just as directional bias and determine entries/exits with other indicators or price action (which)? Best wishes to you in the geographical study area (of my PhD)

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Quoting VEEFX

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Dude... ZZ is actually taking away my precious ZZs i.e. sleep lol. Woke up thinking more about this in MTF terms so applied ZZ on M15, M5 and M1 superimposed on a tick chart (Love Sierra as all this is just too easy... took me under 10 mins to create this setup and another 10 mins to create a simple crossover algo. . Chart is just too cluttered at the moment to make any sense of this but could be a good add to my existing ZZ setup to enter at LH and HL for trend following/pullbacks. Research continues. Fascinating to see the real deal on Fractal...

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Quoting VEEFX

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EDIT: I ran all types of permutations on M1/M5/M15 median crossover on a tick chart. No luck in regards to consistency yet but it makes money with 5-10T scalps along with some manual interventions to prevent a loser from running longer.

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Quoting AntiCre

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{quote} Great to hear. I still believe that ZZs and related indicators are great (I just need to figure out when they are great ). {quote} Not so good to hear. But at least you know another thing that doesn't work.

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Quoting VEEFX

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{quote} I dont know man. Most (if not all) algos that I have tried thus far (after visual analysis) yields positive expectancy with no risk and using time stop and equity stop filters. The moment I introduce SLs on a trade by trade basis, trade frequency increases and algo goes to hell. This only firms up our belief that every trade outcome is a 50:50 with a very tiny edge and that edge deteriorates over trade frequency lol Currently looking into the "pattern of HH/LL using MTF from 1T, 3T, 5T,etc chart to see how the next level ZZ s breached and...

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Quoting VEEFX

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I dont know man. Most (if not all) algos that I have tried thus far (after visual analysis) yields positive expectancy with no risk and using time stop and equity stop filters. The moment I introduce SLs on a trade by trade basis, trade frequency increases and algo goes to hell. This only firms up our belief that every trade outcome is a 50:50 with a very tiny edge and that edge deteriorates over trade frequency

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Quoting AntiCre

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{quote} I really love that passage. I think everybody should read and understand this. And again it shows that everything boils down to P > rL. The question is: How are those guys doing it, that seem (?) to constantly win? What's the difference? I bet they even don't know the trade-off between profits and losses and thus don't care about it. Otherwise anyone would have revealed how to unlink the tradeoff ...

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Quoting VEEFX

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{quote} Probably in this order.... 1) Discipline 2) Stop trading when goal is met (control greed/fear) 3) Use Math in their RR or increase position size after a previous trade went in loss 4) Luck Just sharing a little more as there is interaction required with the ZZs to understand how it is forming or interacting with the other medians. This is the main reason why I say no one can win in MT4 unless you can feel the "interaction" with the tick chart {image}

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