Re: [amibroker] Demark D-waves

["wavemechanic" <fimdot@xxxxxxxxxxxxxx>]

Keith:

 

There is a fairly complete discussion in Perl's "DeMark Indicators".  DeMark attempted to build time into EW analysis by having rules (somewhat arbitrary imo) regarding the number of bars needed at various stages.  He also uses RSI confirmation much as AGET uses a moving average oscillator.  Beyond that it is more or less EW plus somewhat restricted use of Fibonacci (could be expanded) and has the same subjectivity that makes coding "full blown" EW so difficult.

 

Bill

----- Original Message -----

From: Keith McCombs

To: amibroker@xxxxxxxxxxxxxxx

Sent: September 30, 2009 7:06 PM

Subject: Re: [amibroker] Demark D-waves

Carl --
Can you summarize those rules and post them here?
-- Keith

cvanhaesendonck wrote:

 

Tom Demark has made a great job simplifying Elliott wave count and making it more objective thanks to a straight rule set. Those rules can be summarized in few lines. Has anyone ever developed AFL coding on this. AFL library contains some Demark codes (now public domain) but nothing on d-waves.

Carl

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