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I've used the EWP off and on since 1982, now trade fx. Use MetaStock,
list AmiBroker chart/site/this forum when `what's a good charting
program' question comes up on forums. Can't code even if you were to
hold a gun to my head.
Notwithstanding all the work that's been done on coding some sort of
EW labeler (?) Indicator, seems to me that an AG `Ellipse' equivalent
is what needs to be created/coded, not a 'wave labeler'.
I use AG EOD and convert 4H and 60 min of eur/usd only, besides using
Daily data for all fx pairs. My EW counts are often different than
AG's and certainly don't have all the abcs AG throws on the chart,
but, when EW `Alternate 1' is used in place of `Original', AG
often `agrees' with my count.
Since the EWP is inconsistent and variable, also different in fx
(will blow my own trumpet here: use of Lucas fibonacci series numbers
in fx, not Fibonacci series numbers, see `FX Time Projection/Counts'
at:
http://www.moneytec.com/forums/_showthread/_s-
d6bc3cf65dcc935af4001f70719766c0/_threadid-7978
and `Bar Counts' at:
http://www.moneytec.com/forums/_showthread/_s-/_threadid-8627 )
and irrelevant when using the Ellipse to make trading decisions with,
unless the AmiBroker EW `labeler' is intended to display reliable B/S
signals, I believe it also to be 'irrelevant'.
The Ellipse has a very high, 90%+ accuracy, so why program to count
waves ?
What about coding an AmiBroker (and MetaStock) Ellipse ?
Wallace.
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