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Hi Wallace,
This is what I was referring to when I wrote to
Dimitri about the AG ellipse. It is not necessary to
plagiarise AG's proprieotry Intellectual property.
There are many fine traders and coding experts on the
AB forum. If they could think in terms of creating a
dynamic fib time/price methodology, even if isn't the
AG ellipse it could turn out to be a great help in
making trading decisions.
Rakesh
--- vistor09 <sace@xxxxxxx> wrote:
> 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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