Support Board
Date/Time: Thu, 28 Nov 2024 05:41:47 +0000
Post From: swing periodicities
| [2015-03-20 09:43:21] |
| jivetrader - Posts: 410 |
|
the zigzag tool defines a top and a bottom based on a retracement threshold, dividing all bars into swings. i would like to see each swing of the zigzag represented as one bar. the bar size will depend on the retracement amount, just as it does with ZigZag. there would be 3 flavors of this new periodicity corresponding to the 3 zigzag methods. the purpose of this new periodicity is to be able to make detailed studies of swings as one would do with other types of bars. the analytical possibilities of being able to apply any study to an entire swing and not just a bar are enormous. i have experimented with every bar type, including reversal bars, and point and figure, and these do not share the behaviour of the zigzag. thank you for considering. |