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Elliott Wave Identification
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| Added: June 22, 2007 |
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| Tags:
MetaStock, indicator
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Elliott Wave Identification
As far as using MetaStock for identifying waves, use a 5/34 histogram forfinding
wave 4, the end of wave 3 and for help with identifying wave 1/2, which apparentlyAdvanced
Get uses extensively.
You can write MetaStock explorations/templates/experts, etc., withthis indicator;
e.g., explorations to find the peaks and troughs of the 5/34 histogram. The
version of the indicator I use in MetaStock v6.52 is:
-150 days minimum of data.
The peaks of the histogram help identify waves 1, 3 and 5 and troughsfor waves
2 and 4.
Use MetaStock line studies (both trendlines, channels and fib retracements) for
additional wave identification/analysis.
Of course, you can label the waves with the text box.
from Kevin Campbell
Code:
Elliott Wave Identification
Mov(OscP(5,34,E,$),5,S)
Source: http://www.guppytraders.com
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