|
PureBytes Links
Trading Reference Links
|
Repost(3td), sample screenshot gif is attached
Regards,
Ton Maas
Ms-IRB@xxxxxxxxx
================================================================
Well Onno and Mark mentioned the existance of the program before, so here is a well
respected TA-opinion on it.
I did send this on, earlier this weekend, but somehow it did not arrive at the List-server.
Reg. Ton Maas
Ms-IRB@xxxxxxxxx
As reviewed in Dutch technical analisys magazine TAM, October 1998 issue by
Jan van Gemeren, and rated "the ultimate in technical analysis software that will put
the Netherlands not only on the worldmap for its large worldwide operating companies
like Shell, Unilever, Heineken, AbnAmro, ING and Philips, its largely worldwide held
investments, Golden Century and later trading history, widely known for its supportive
contributions to the United Nations+its oparations, Yugoslavia Tribunal, the IMF and
WorldBank, touristic features like its ancient history, historical landscape and
buildings, windmills, sigars, cheese, tulips, clocks, soccer etc. etc., but also for its
high-class sophisticated software". Jan van Gemeren continues:
"Apart from the subjectivity found among the other Elliott programs around, wich I
have found to be greatly to my disadvantage, ELWAVE has managed to reverse my
negative stand on this. As a per- + consistant intraday trader, I now already lean
heavely on the signals ELWAVE generates for me. This software is super, as such it
will become a worldwide admired peace of High Tech TA Tool among the technical
analysts from all over the world. ELWAVE is an 'under' priced peace of user
fiendly TA Toolbox software, with a main focus on the Elliott Waves, wich Tutorials can
get tested on real time basis, users own created Waves can get tested, as well as
future price predictions + targets + wave projections can get displayed. Also
accesorries like the retracements(Fibionaccy), the 1/3 + 2/3 speed&resitance lines
and build-in indicator use is included. Latest updates 4.0,a,b to 4.01 have been
distributed and were provided FREE of charge to its registerd users.
GET THAT DEMO !!!!!".
- ELWAVE -
About ELWAVE 4.01 http://www.prognosis.nl/index.html info@xxxxxxxxxxxx
ELWAVE 4.0, the ultimate trading and learning tool for the Elliott Wave Principle
(- Stock & Commodities - Aug98).
But not only that, it is available in 4 modules, it will automaticaly draw trendlines and
channels, use of other indicators, automatic forecasts+predictions are given, gives
advices and makes suggestions, works with your METASTOCK data files,
REAL-TIME intraday-analysis and gives RT trade-advices, Mentor and build-in Elliott
Tutorial, analyses 100 years Dow history data <2 min., Risk-Rewards Ratios,
automaticaly projects Fibionaccy levels, Exit-levels, etc. etc.
Our investment software ELWAVE is dedicated to the Elliott Wave principle, the most
powerful trading method in existence, enabling you to make uncanny forecasts. First of
all our software provides objective (Elliott Wave) forecasts that really matters: the best!
The Automatic version of ELWAVE combines the best of two worlds, giving a detailed,
high quality Elliott Wave analysis while maintaining complete flexibility, to accommodate
expert users, allowing them to adjust and saving every analysis.
Unique features:
* our analysis is a true Elliott Wave model not just a momentum model and of superior
quality.
* clearly presents favored outlooks
* We present the best alternative first, but in addition other important alternatives can be
studied, which gives valuable information on risk and probability. It has been proven to
be very risky to focus on just one preferred scenario, this way for example predicting a
bear market for years, while instead the biggest bull market of all times could develop.
Our software will alarm you very clearly.
* ranks alternatives according to probability, determined by both price and time
Fibonaccis, guidelines, patterns, validity of internal wave structure etc.
* our Wave inspector gives complete information or summary on every pattern, which is
unmatched
* our analysis is very fast, ELWAVE can analyse 100 years of Dow data in under 2
minutes, 3 wave degrees deep using a medium speed computer (Pentium 100mhz).
* ELWAVE has no limits in analysis depth, apart from the 9 degrees available.
* ELWAVE labels the WHOLE chart, not just the latter part and does so very quickly,
important because the total picture determines the score of a pattern
* using ELWAVE you can analyse any section of the chart, without the need to re-analyse
the whole chart again. This means that intra day analysis can get updated within a very
short time span, mostly between approx. 30 secs and 2 minutes depending on
computer speed and complexity of the analysis
* if you wish you can define your own wave count and have ELWAVE analyse it or check
it partially
* you have available 2 sets of rules, one implementing the Classic rules containing very
strict Elliott interpretation and the Modern rules that include all our knowledge acquired
in more than 10 years of research. These rules will have a different set of trading
signals as well. The Modern rules contain more aggressive rules.
* we have developed a special proportion Fibonacci and swing filter,which groups waves
of the same degree together. It will combine time and price lengths of waves and will
recognize that a sharp wave 2 connects to a flat wave 4 that has very little retracement.
This way ELWAVE will determine relevant multiple time frames by itself, where every
wave degree represents a time frame.
* ELWAVE shows all Fibonacci time as well as price relationships of patterns in the Wave
inspector, if they exist, and takes this into account when calculating scores
* the Fibonacci pane shows all Fibonacci ratios of the selected wave and its sub waves
at once, which can be used with a manual wave count.
* projects very specific targets, displaying a target range and most likely targets.
* very easy navigation of the chart by using the Wave tree, automatic adjustment of detail,
zoom in etc.
* we offer complete insight and transparency, since almost all rules and guidelines for
each pattern are listed.
* comes with all Elliott tools: channels, indicators, Fibonacci time and price targets,
Golden spiral
* clicking on a rule or guideline will show it in the chart, the path a pattern will follow is
shown in the chart as well as targets
* supports special Elliott charting styles and oscillator
* Special logarithmic indicators for long term analysis
* ideal for intra day traders, ELWAVE can read extremely large files, in Metastock 60.000
data points, around 200 years of daily data. In ASCII there are NO limits, tick files of
500.000 ticks or data points are no problem (as long as there is enough memory or
hard disk space). A real time link is available using a DDE link, provided your data
vendor supports this the use of a DDE link
* complete flexibility, you define screen layout as you like, load several screens etc.
* easy to learn and a pleasure to use
Our software incorporates state of the art technology using truly object-oriented
programming techniques for fast, stable performance and an intuitive user-friendly interface.
It has been specially developed for and is fully compatible with Windows 3.x, 95 and NT.
Pricing
ELWAVE 4.0 is available in the following versions:
1-ELWAVE basic (End-of-Day), $245
2-Upgrade to Intraday module, $300
3-Upgrade to Automatic module, $450
4-Upgrade to Trading Signals module, $300 *
(excluding taxes and shipping costs)
* Automatic required
The software comes with an extensive manual (175 p.) covering how to operate the
program, an introduction to the Elliott Wave Principle, a description of valid patterns and
how to trade for profits. Below is a sample screenshot.
Last modified July 6, 1998
Attachment Converted: "c:\eudora\attach\Elwave40.gif"
|