Quote:
Originally Posted by walterw
Hi Bigbear... nice simple thread going on here... I know many peolple are allergic to zigzag because it actually happens some time later than what is plotted, now tell me what indicator doesnt do that ?.... so what I see in terms of zig zag is a clean indicator really taking out niose and sooting for big profits...
My question here BIgBear, now that you have some nice experience following this indicator... what is the average amount of bars it takes to plot the signals... so I can have some idea of what % of the move I can expect to catch... and how many hits/miss ratio so far you had... thanks in advance for info... cheers Walter.
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Hey walterw,
Thank you for noticing that a system can be simple & still work.
Now about your question. I dont really have an answer for that. I never really counted. The basics of the system are high/low overbought/oversold. It can take only a few hours, days even weeks!!!! It depends on your time frame & volumes. The lower your time frame the more signals you get.
Sorry if that dosent help. Im just a simple Joe so maybe im not not understanding what you are asking for.
If you could dumb it down a bit that would great
Bear-