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Ton
Got the GIF. Will download the software and take a look at it. We haven't
used elwaves so this should be fun...
Guy
> -----Original Message-----
> From: owner-metastock@xxxxxxxxxxxxx
> [mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of A.J. Maas
> Sent: Wednesday, October 14, 1998 3:56 PM
> To: Metastock List
> Subject: ELWAVE
>
>
> 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
>
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