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hi
One another SW is out there in market called Elliot
Wave Analysis 3 ( EWA3 ).
This one is pitty nice proggi. After analysing it give
the tagets n time projection to complete the target.
johnny
--- Ken Close <closeks@xxxxxxxx> wrote:
> Bill: yours is well stated, perhaps understated.
>
>
>
> DT: for perspective, if you receive PDF attachments
> from the first post,
> attached is a semi weekly newsletter item (most
> recent) by a person name
> Gayer in which extremely complex waves are described
> in minute detail.
> I have been collecting Mr. Gayers pdfs for 6 months
> or more and marvel
> as he changes some definitions and coins new terms
> to keep his
> projections of many months ago intact. It is quite
> interesting, but as
> Bill says, serves a background “information” of a
> sort. Many Elliot
> Wavers will sometimes (innocently or not) change
> their wave labeling in
> order to match some preconceived notion they have of
> what the market
> “should do”.
>
>
>
> There is or was an EW program called ElWave which,
> as I recall, would
> analyze a chart and churn and churn and put up a
> little dialog box with
> the number of “combinations” of wave counts that the
> program analyzed
> and show you the top x percent of repeating wave
> counts. At times the
> counter would run into the millions of combinations
> that the program was
> analyzing. (I often wondered how it did this on my
> slow older computer,
> but the numbers on the screen “could not lie”.)
>
>
>
> You hit me pretty hard in a previous message about
> an innocent comment I
> made about “not being able to program something in
> AFL”. I believe it
> was the Advanced GET hidden proprietary codes for
> the ellipse. (I was
> happy to see that the effort went from ellipses to
> parabolas, and it is
> out of such connections that real innovations are
> made.) I have
> publicly and privately acknowledged your extreme
> skill in programming
> creative AFL constructions, but I dare say that EW
> analysis and all of
> its many (subjective) aspects can not be put wholly
> into AFL. As Bill
> says, however, should you try, then good luck.
>
>
>
> And thanks for all your contributions and efforts.
>
>
>
> Ken
>
>
>
> -----Original Message-----
> From: wavemechanic [mailto:wd78@xxxxxxxxxxxx]
> Sent: Thursday, June 17, 2004 12:00 PM
> To: AmiBroker, User
> Subject: Re: [amibroker] Re: Identifying Elliott
> Waves using AFL
>
>
>
> DT:
>
>
>
> I love your simple view of life. Yes, I am sure
> that the basics of EW
> (5 up, 3 down, etc.) can be defined (Dan's Fibonacci
> pattern code is a
> good start). But reality sets in very quickly and
> one has to consider
> non-ideal situations where subjective and
> complimentary analyses are
> used. The simple part is the coding, the tough part
> is dealing with the
> "infinite" number of situations in which non-EW
> factors are taken into
> account in making judgments about the final EW
> count. And then, of
> course, there is the small complication that there
> are at least three
> schools of EW analysis and they all produce
> different counts except for
> the simplest situations. Why do you think that some
> of the programs
> give the user the option to insert their own count?
> Oh, and by the way,
> why do you think that the commercial programs often
> produce different
> counts in less than ideal situations?
>
>
>
> You say "code may reproduce exactly what you do
> manually" and that
> "subjective EW counting may be coded." You
> obviously have not looked
> into EW and believe that it comes down to some
> easily definable rules
> and that even subjective evaluation can be defined
> and thereby rendered
> objective or "manual." Except for simple patterns,
> EW is often not a
> manual, mechanical exercise in which subjectivity
> morphs into
> objectivity, although that is the thrust of Neely's
> work but I doubt
> that he thinks he has reached that goal. Consider
> the problem that you
> encountered of coding a simple H&S pattern and the
> fact that some users
> agreed with the output and others did not. Multiply
> that situation by
> 10 ^ 20 and you will be in the EW world. We are
> not yet dealing with
> artificial intelligence.
>
>
>
> As for the commercial programs, if they produce
> different counts, or
> counts that change as new data is obtained, which
> one is right? IMO,
> the one that produces the same count as the user
> which in turn requires
> that the user be expert in the subject. EW programs
> should, I believe,
> used as an aid and not a replacement, although to be
> sure many take a
> leap of faith and assume that they can use them in
> "cruise control."
>
>
>
> However, far be it from me to discourage you. You
> are a good AFL
> programming technician, but if you are interested in
> attempting to
> program this type of analysis I suggest that you
> first become expert in
> the subject, including the various routes taken by
> the commercial
> programs, before embarking on this lifelong quest.
> This is the reason,
> I suspect, that many use EW only as background
> (e.g., is the market in
> an impulsive or corrective mode) in conjunction with
> other analyses.
> This is a relatively trivial use of EW that is quite
> different from
> those that investigate every nuance and/or use it
> for trading signals.
>
>
>
> Keep us updated on your progress and good luck.
>
>
>
> Bill
>
>
>
>
>
>
>
> -- Original Message -----
>
> From: HYPERLINK "mailto:TSOKAKIS@xxxxxxxxx"DIMITRIS
> TSOKAKIS
>
> To: HYPERLINK
>
"mailto:amibroker@xxxxxxxxxxxxxxx"amibroker@xxxxxxxxxxxxxxx
>
>
> Sent: Thursday, June 17, 2004 3:22 AM
>
> Subject: [amibroker] Re: Identifying Elliott Waves
> using AFL
>
>
>
>
=== message truncated ===
> ATTACHMENT part 2 application/pdf
name=061304gayer.pdf
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