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There is another idea that is similar to the Elliott Oscillator. I have been
doing a little research based on the TASC article, "Using Multiple Moving
Averages" by Daryl Guppy in the February 1998 issue. It describes plotting a
number of shorter term averages (3,5,8,10,12,15 EMA) and longer term averages
(30,35,40,45,60 EMA) and looking for areas where there is a convergence of the
averages. Since the 5 ema and the 35 ema is part of this, it seemed very
similar to the Elliott Oscillator.
Has anyone else been looking at this method for a way to determine good
entry/exit points or to determine the elliott wave count? What I am looking
for is a set of Metstock indicators that will search my database for stocks
that are at or near significant Elliott wave terminations. Any help along
these lines would be greatly appreciated.
Terry
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