Upgrade February 16, 2006
Turning Points Analyzer completion
In cooperation with users, the Turning Points Analyzer has been finished. The further development of this module will be continued in the Timing Solution Advanced version.
The most important changes in this module are:
1) It is possible now to set two important zigzag parameters:
Last Swing parameter allows to handle the last swing for zigzag, and this is extremely important for forecasting.
Look at this example, this is 5% zigzag:
Here I set Last Swing to 100% and the program in this case calculates the swing in its usual way - the minimum height of each swing should be at least 5%. The last completed turning point is 20.4.2005. But looking at this chart we can suppose that the price has started its downward movement. However, this zigzag does not seems "seeing" this wave because the price range after 20.04.2005 is less than 5% and the next turning point cannot be calculated.
Set Last Swing on 70% and now this swing is visible:
It is a good practice to use the less percentage for the last swing. It is risky because we deal with uncompleted waves, but it allows to reveal the early tendency.
Close-Close/High-Low parameters point out what prices we use to calculate the percentage for zigzag.
There is a new tab Ratios that allows to modify the standard ratios:
There is a new option in Neural Net module as well that allows to display the data for Buy/Sell signals:
Have a good time with the program!
February 16, 2006
Toronto, Canada