My guess is......between 1 and 2 most of the time!
Could the stats be done on how often the pullback wave does the following
- pulls back above 1
- pulls back between 1 and 2
- pulls back between 2 and C
- pulls back beyond C
Has a red Signal Marker (dot above the f pivot/bar). The syntax for that signal is...
(ZZO_UP = 1) AND
ZZO_D > ZZO_B AND ZZO_C < ZZO_A AND
ZZO_E < (ZZO_A + ZZO_B) / 2 AND
ZZO_E > (ZZO_B + ZZO_C) / 2 AND
ZZO_F > ZZO_D
The Zig Zag oscillator is used 7 times to access...
ZZO_UP - identifies an up pivot bar (F) and then ZZO_A (ZZO_B, ZZO_C, etc) look back to grab the prices of the respective pivots (A, B, C, etc).
In the signal above, we are looking for...
...an up pivot F (ZZO_UP = 1)
...an outside leg (ZZO_D > ZZO_B AND ZZO_C < ZZO_A)
...and then a drop to price E that turns between the midpoint of A-B and the midpoint of B-C (ZZO_E < (ZZO_A + ZZO_B) / 2 AND ZZO_E > (ZZO_B + ZZO_C) / 2)
...and then a F move back beyond the high of D (ZZO_F > ZZO_D)
The next step is to accumulate the number of times that E drops to certain levels (relative to previous moves) and then analyze how often F rises to various levels following that move.
Now will messing with the Zig Zag operator provide different results on the statistics? I'd imagine there would be some sort of variance within the results yes?
My guess is......between 1 and 2 most of the time!
Could the stats be done on how often the pullback wave does the following
- pulls back above 1
- pulls back between 1 and 2
- pulls back between 2 and C
- pulls back beyond C
Again, the chart above we look for a low (a), high (b), lower low (c) then higher high (d). And we want to analyze what happens in the next 2 waves.
In RTL, we will need to be access the prices of a, b, c, d, e, and f.
This chart: https://www.linnsoft.com/charts/rc-waveanalysis-es
Has a red Signal Marker (dot above the f pivot/bar). The syntax for that signal is...
(ZZO_UP = 1) AND
ZZO_D > ZZO_B AND ZZO_C < ZZO_A AND
ZZO_E < (ZZO_A + ZZO_B) / 2 AND
ZZO_E > (ZZO_B + ZZO_C) / 2 AND
ZZO_F > ZZO_D
The Zig Zag oscillator is used 7 times to access...
ZZO_UP - identifies an up pivot bar (F) and then ZZO_A (ZZO_B, ZZO_C, etc) look back to grab the prices of the respective pivots (A, B, C, etc).
In the signal above, we are looking for...
...an up pivot F (ZZO_UP = 1)
...an outside leg (ZZO_D > ZZO_B AND ZZO_C < ZZO_A)
...and then a drop to price E that turns between the midpoint of A-B and the midpoint of B-C (ZZO_E < (ZZO_A + ZZO_B) / 2 AND ZZO_E > (ZZO_B + ZZO_C) / 2)
...and then a F move back beyond the high of D (ZZO_F > ZZO_D)
The next step is to accumulate the number of times that E drops to certain levels (relative to previous moves) and then analyze how often F rises to various levels following that move.
Now will messing with the Zig Zag operator provide different results on the statistics? I'd imagine there would be some sort of variance within the results yes?