This may not be the right place to post this, but here goes:
Let's say that I wanted to quantify the depth of retracements on a certain timeframe on the ES. To do this, I thought of using ZigZag set at 8 ticks along with a trend filter, then record the results. So, to give a simple example, when MA1>MA2, record zig zag results to the downside. When MA1
FIrst, if you haven't already, I would review this page. Specifically video Homework #25 (as well as the 5 before that). It provides some good examples of how to extract data from the Zig Zag indicator (and accumulate that information with the Profile indicator). Very powerful stuff.
https://www.linnsoft.com/homework
So what you're asking likely can be done. I just need a little more information. You said...
" So, to give a simple example, when MA1>MA2, record zig zag results to the downside. When MA1"
So I don't think you finished your post. So if you can finish that thought and let me know a) specifically what moves you want to focus on... and b) what information from those moves you want to extract and accumuate. And I'll help you put that together.
I did, but it clips it off. Strange. What I said was, could I use two MAs to establish direction, then capture only one side of the zig zag? E.g., MA1>MA2, record all down swings over 8 ticks.
Yes, ths is possible, but again, leaving a few things for me to guess. I need some more details.
"MA1 > MA2, record all down swings over 8 ticks"...
You want MA1 > MA2 at the begin of the move (start point)? At the end of the move (end point)? for the entire duration of the move?
"record all down swings"...
Record in what way? Would you like to extract and accumulate some aspect of the data? Like the size of the down move (in ticks)? The volume of the down move? Etc.
And just to present a specific example, give me the details on MA1 and MA2. What do you want for the periods of both?
Hey, thanks for helping! I would want MA1>MA2 for the entire duration. Let's say MA1 is a 10 EMA and MA2 is a 20EMA. So, while MA1 > MA2, I would want to record the tick value of the down moves, and record the tick value of up moves when MA2 > MA1.