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<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
Rakesh
Sahgal
To: <A title=amibroker@xxxxxxxxxxxxxxx
href="">amibroker@xxxxxxxxxxxxxxx
Sent: Saturday, June 19, 2004 11:30
AM
Subject: Re: [amibroker] Fw: The Elliot
Waves
BillHow about the methodology used by AGET using the 0535as a
primary reference point and focussing only on theidentification of
impulsions/correctives of higherdegrees? I have Miner's book as well
as the articlesby the cretaors of AG. Both of them say instead ofbeing
purist Ellioticians one is well advised to focuson the parts that
can enhance trading profitability.Maybe this effort could go in that
direction?
Of the three EW commercial programs
that I have looked at I thought AGET was the poorest with respect to
counts. The 5/35 analysis, as I recall, applied to 4 for an AGET count
and Tom Joseph does not tell you how often it is right. And how does it
work if one does not use AGET's count - I don't know. Miner, imo, is the
bible and his "loose" version of EW (e.g., not being rigid about 4 overlapping
1, conditions for 3, no heartburn over violating "inviolate" rules,
etc.) has always made the most sense to me, although not from a potential
programmable viewpoint. Of course, there are three somewhat distinct EW
schools, so one can pick whchever feels comfortable, although unfortunately
nobody knows which one works best ;-) The combination of indicators and
EW, as you suggest, is the way I play the game, but whether it can be coded in
a relatively short time (compared to many, many years spent by developers
of AGET, ELWave, and EWAIII) remains to be seen. Strictly from a
programming viewpoint, my guess is that Neo-Wave (Neely) and its attempt
to remove all subjectivity might be the closest to an EW description suitable
for programming so that one avoids the ifs, ands, or buts that AGET,
ELWave, and EWAIII try to handle. Of course, Neely's book is over 200
pages and is chock full of rules, so a programming masochist would have a
field day ;-).
Rakesh--- wavemechanic <<A
href="">wd78@xxxxxxxxxxxx> wrote:>
> ----- Original Message ----- > From:
Dimitris Tsokakis > To: <A
href="">amibroker@xxxxxxxxxxxxxxx
> Sent: Saturday, June 19, 2004 4:43 AM>
Subject: [amibroker] Fw: The Elliot Waves> >
> The following code will recognize a complete>
Elliot Wave [according to> <A
href="">http://www.equis.com/Education/TAAZ/?page=53
]> sequence.> > The Equis article
regarding EW is an overview of> some of the patterns but is certainly
not sufficient> to produce a valid count.> >
X=BarIndex(); > p=Param("p",5,5,30,5);>
z=Zig(C,p);> CONDP=PeakBars(C,P)==0;>
E7=ValueWhen(CONDP,C,1);T7=ValueWhen(CONDP,X,1);>
E5=ValueWhen(CONDP,C,2);T5=ValueWhen(CONDP,X,2);>
E3=ValueWhen(CONDP,C,3);T3=ValueWhen(CONDP,X,3);>
E1=ValueWhen(CONDP,C,4);T1=ValueWhen(CONDP,X,4);>
CONDT=TroughBars(C,P)==0;>
E8=ValueWhen(CONDT,C,1);T8=ValueWhen(CONDT,X,1);>
E6=ValueWhen(CONDT,C,2);T6=ValueWhen(CONDT,X,2);>
E4=ValueWhen(CONDT,C,3);T4=ValueWhen(CONDT,X,3);>
E2=ValueWhen(CONDT,C,4);T2=ValueWhen(CONDT,X,4);>
E0=ValueWhen(CONDT,C,5);T0=ValueWhen(CONDT,X,5);> // EW
definition> EW=E5>E3 AND E3>E1 AND E5>E7 AND
E4>E2 AND E2>E0> AND E6>E8 AND T8>T7 AND
CONDT;> Plot(C,"C",1,64);>
Plot(z,"",colorYellow,styleThick);>
//PlotShapes(shapeDownArrow*CONDP,colorRed);>
PlotShapes(shapeUpTriangle*EW,colorBlue);>
//PlotShapes(shapeUpArrow*CONDT,colorBrightGreen);> Plot(EW
,"",colorPink,2+styleOwnScale);> Filter=EW;// explore for
all quotations> AddColumn(C,"C");>
GraphXSpace=8;> > A blue triangle and a pink bar
will indicate the> 8th EW point.> [The signs will be
placed in the graph as soon as> trough E8 is recognized as a trough.
]> I hope it will give a starting point for further>
analysis.> Dimitris Tsokakis> >
PS1. A 4-year pattern was completed on Oct1998,> [p=15, ^NDX], before
the big movement > PS2. A 6-year pattern was completed on
Sept2001, > [p=15, ^GDAXI]. The expectation [at E5] of an EW>
behavior> for DAX would be quite
profitable.__________________________________Do you
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