ZigZag Point & Figure charts

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PebbleTrader
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Postby PebbleTrader » Mon Jul 08, 2013 10:12 pm

I completely agree. The swings are more significant than the price levels.

I personally don't use "psychological" price levels at all...
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MightyOne
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Postby MightyOne » Fri Jul 12, 2013 3:55 am

How about this formula for ZigZag:

1) The 2 SMA is pushing higher.
2) A candle closes & the 2 SMA is turns lower (first one from the pivot).
3) There is a low breakout on the candle where the SMA turned lower.
4) Measure for minimum retracement.

Seems to work well without having to mess around with ZigZag inputs.

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MightyOne
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Postby MightyOne » Sat Jul 13, 2013 1:42 am

-REMOVED-
Last edited by MightyOne on Sat Jul 13, 2013 7:02 am, edited 1 time in total.

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Postby dchappy » Sat Jul 13, 2013 2:27 am

Same here ..I think it must be a problem with the site .........

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MightyOne
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Postby MightyOne » Sat Jul 13, 2013 3:02 am

This method of plotting a ZigZag is working out very well:

Image


The closes are at the 2 SMA

If there is a color change, at or after the pivot, & a breakout of color change candle, then start measuring for min. reversal.

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MightyOne
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Postby MightyOne » Sat Jul 13, 2013 3:05 am

dchappy wrote:Same here ..I think it must be a problem with the site .........


If that is true then I recant :lol:

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Postby soulmantsw » Sat Jul 13, 2013 3:55 am

P&F.com told me my account was suspended as well , even thought I don't have one. Oh well.....

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MightyOne
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Postby MightyOne » Sat Jul 13, 2013 7:20 am

Here is the 5x1 Point and Figure plot:

http://i42.tinypic.com/10mvv45.jpg


It has the same shape as the 2 minute chart.

Clearer picture of the ZigZag (I think so anyway).

I am also experimenting with ZigZag/Kagi Point & Figure charts; shading the squares Kagi style and coming up with ideas.

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