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Strategies & Market Trends : NetCurrents NTCS
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To: Teresa Lo who wrote (434)10/8/2000 1:43:42 PM
From: HairBall  Read Replies (1) of 8925
 
IS: What charting packages do you use?

I use two...Quote.Com's QCharts and Windows on Wall Street's Day Trader.

Now I have a question for you. Do your Swing Charts signal a TOP...BEFORE or AFTER it occurs? If the answer is AFTER, it would seem on the surface to be little different from the zigzag indicator found in many charting packages or the already existing swing indicator...

The Zig Zag indicator provides a method of seeing the true movement of an indicator or security price. You should not use the most recent leg of the indicator to base decisions on, since the indicator always ends at the value on the last period of the data being analyzed.

Zig Zag is the same as the Swing Indicator developed by Art Merrill and John McGinley of Technical Trends in Wilton, CT.

Regards,
LG
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