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Re: Metastock and Elliott Waves



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<DIV><FONT size=2>Foo Say How,</FONT></DIV>
<DIV><FONT size=2></FONT>&nbsp;</DIV>
<DIV><FONT size=2>I use Elliot Wave Theory as a major factor in my buy/sell 
decisions. I use to volume, RSI, and 5-34-5 MACD, and my&nbsp;"sense" of market 
psychology to confirm my Elliott Wave counts.</FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV><FONT size=2>I do not use any computer software to mechanically make wave 
counts, but I am a member of a list of Elliott Wavers and have concluded from 
conversations on that list and occasional chart postings on that list (which we 
did to discuss the pros and cons of the various packages) that &gt;ElWaves&lt; 
is worth looking into.</FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV><FONT size=2>WinWaves (various versions), Elwaves, and Advanced GET were 
the ones which we compared. Overall, I personally did not feel the programs 
counted waves better than I did (usually worse, in my opinion), so I refused to 
spend the money to buy them and rely on their signals for my 
trading.</FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV><FONT size=2>Overall, EWT is sufficiently complicated&nbsp;that it cannot 
beat a really knowledgeable Elliottician, but then most traders who have even 
read the literature take quite some time before they understand, as with any 
technical tool, how to use it to their advantage. My advice is to read 
extensively on the theory and continually practice your analysis of what you 
have learned on daily and even realtime charts, and in several years you might 
have really grasped its essential usefulness.</FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV><FONT size=2>Joe</FONT></DIV>
<BLOCKQUOTE 
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; PADDING-LEFT: 5px">
  <DIV><FONT face=Arial size=2><B>-----Original Message-----</B><BR><B>From: 
  </B>Foo Say How &lt;<A 
  href="mailto:sayhow@xxxxxxxxxxxxxx";>sayhow@xxxxxxxxxxxxxx</A>&gt;<BR><B>To: 
  </B>metastock@xxxxxxxxxxxxx 
  &lt;<A 
  href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx</A>&gt;<BR><B>Date: 
  </B>Wednesday, May 26, 1999 03:18 AM<BR><B>Subject: </B>Metastock and Elliott 
  Waves<BR><BR></DIV></FONT>Hi,<BR><BR>Anyone here uses Elliot Waves in addition 
  to Metastock?<BR><BR>If you do, which Elliot Waves software do you use, and 
  your reason <BR>for selecting this over some other software.<BR><BR>I am now 
  looking at WINWAVES and ELWAVES, and I am incline <BR>towards ELWAVES.&nbsp; I 
  understand that there are other software as <BR>good if not better than 
  ELWAVES out-there.<BR><BR>I would be interested to know what you use Elliot 
  waves for.&nbsp; I use <BR>it to pick stocks.&nbsp; I have talked to others 
  who only use it to buy <BR>index.&nbsp; Others only use Elliott Waves to buy 
  stocks at its low.<BR><BR>Currently I run ELWAVES overs about 350 stocks (it 
  took hours) <BR>and select those show both POSITIVE INDCATORS and <BR>UPTREND 
  for further analysis.&nbsp; This is not an elegant ways, though <BR>it get the 
  job done.&nbsp; If you have routine that you use within <BR>Metastock to 
  elimates those stock that would most likey fail the <BR>Elliot waves test .. I 
  do hope that you can share that with me.<BR><BR>If you have not try Elliott 
  Waves yet, you should have a good look <BR>at it.&nbsp;&nbsp; The software are 
  not cheap.&nbsp; It can range from US$1100 to <BR>US$2700.&nbsp; Hence I want 
  to be certain that I am buying the right <BR>software.&nbsp; You input is 
  important to me.<BR><BR>Thanks for reading.&nbsp; I hope to here from you 
  soon.<BR><BR><BR>FOO Say How<BR>Singapore<BR><BR>(PS:&nbsp; Yes .. "FOO Say 
  How" that is may name.&nbsp; My family name <BR>is FOO and given name is Say 
  How.)<BR><BR><BR><BR><BR>----------------------------------------<BR>------------------------------------------------------------<BR>FOO 
  SAY HOW When Where Who Why<BR>Singapura - The Lion 
City<BR></BLOCKQUOTE></BODY></HTML>
</x-html>From ???@??? Wed May 26 19:12:54 1999
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From: Equis Support <support@xxxxxxxxx>
To: "'metastock@xxxxxxxxxxxxx'" <metastock@xxxxxxxxxxxxx>
Subject: RE: Built in ATR indicator vs. custom ATR
Date: Wed, 26 May 1999 09:15:48 -0600
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<DIV><FONT color=#0000ff face=Tahoma size=2><SPAN class=111292015-26051999>The 
actual ATR does not use a simple moving average.&nbsp; Welles Wilder uses his 
own smoothing (a modified exponential average) which is the function &quot;Wilders&quot; 
in MetaStock.&nbsp; Try you formula this way:</SPAN></FONT>

</DIV>


<DIV><FONT color=#0000ff face=Tahoma size=2><SPAN 
class=111292015-26051999></SPAN></FONT>&nbsp;

</DIV>


<DIV><FONT color=#0000ff face=Tahoma size=2><SPAN class=111292015-26051999><SPAN 
class=620392310-26051999><FONT face=Arial size=2>periods:=Input(&quot;ATR 
Periods?&quot;,1,100,10);<BR>TH:=If(Ref(C,-1) &gt;

H,Ref(C,-1),H);<BR>TL:=If(Ref(C,-1) &lt;

L,Ref(C,-1),L);<BR>TR:=TH-TL;<BR>Wilders(TR,periods)</FONT></SPAN></SPAN></FONT>

</DIV>


<DIV><FONT color=#0000ff face=Tahoma size=2><SPAN class=111292015-26051999><SPAN 
class=620392310-26051999></SPAN></SPAN></FONT>&nbsp;

</DIV>


<DIV><FONT color=#0000ff face=Tahoma size=2><SPAN class=111292015-26051999><SPAN 
class=620392310-26051999></SPAN></SPAN></FONT>&nbsp;

</DIV>


<DIV><FONT color=#0000ff face=Tahoma size=2><SPAN class=111292015-26051999><SPAN 
class=620392310-26051999>

<P><FONT color=#0000ff face=Tahoma size=2>Equis Support</FONT>
<P>
<BR><U><FONT 
color=#0000ff face=Tahoma size=2><A href="http://www.equis.com/"; 
target=_blank>http://www.equis.com/</A></FONT></U>
<BR><U><FONT color=#0000ff 
face=Tahoma size=2><A href="http://www.equis.com/customer/support/"; 
target=_blank>http://www.equis.com/customer/support/</A></FONT></U>
<BR><FONT 
color=#0000ff face=Tahoma size=2>Please include previous email answers and 
questions in your response. </FONT>

</P>
<P><FONT color=#0000ff face=Tahoma size=1>Equis and MetaStock and MetaStock 
Professional are registered trademarks of Equis International.&nbsp; Achelis 
Binary Wave, The DownLoader, Expert Advisor, OptionScope, Quotecenter, and Smart 
Charts are trademarks of Equis 
International.</FONT>

</P></SPAN></SPAN></FONT>
</DIV>


<BLOCKQUOTE style="MARGIN-RIGHT: 0px">
  
<DIV align=left class=OutlookMessageHeader dir=ltr><FONT face=Tahoma 
  size=2>-----Original Message-----<BR><B>From:</B> Yngvi Hardarson 
  [mailto:hardy@xxxxxxxxxxxxx]<BR><B>Sent:</B> Wednesday, May 26, 1999 4:29 
  AM<BR><B>To:</B> Metastock list<BR><B>Subject:</B> Built in ATR indicator vs. 
  custom ATR<BR><BR>

</DIV>
</FONT>
  <P><SPAN class=620392310-26051999><FONT face=Arial 
  size=2>All!</FONT></SPAN>

</P>
  <P><SPAN class=620392310-26051999></SPAN>&nbsp;

</P>
  <P><SPAN class=620392310-26051999><FONT face=Arial size=2>I just discovered 
  that the MetaStock for Windows 6.52 built in ATR function does not deliver the 
  same results as the indicator below which I consider the correct ATR 
  calculation:</FONT></SPAN>

</P>
  <P><SPAN class=620392310-26051999></SPAN>&nbsp;

</P>
  <P><SPAN class=620392310-26051999><FONT face=Arial size=2>ATR custom 
  indicator:</FONT></SPAN>

</P>
  <P><SPAN class=620392310-26051999><FONT face=Arial size=2>periods:=Input(&quot;ATR 
  Periods?&quot;,1,100,10);<BR>TH:=If(Ref(C,-1) &gt;

  H,Ref(C,-1),H);<BR>TL:=If(Ref(C,-1) &lt;

  L,Ref(C,-1),L);<BR>TR:=TH-TL;<BR>Mov(TR,periods,S)</FONT></SPAN>

</P>
  <P><SPAN class=620392310-26051999></SPAN>&nbsp;

</P>
  <P><SPAN class=620392310-26051999><FONT face=Arial size=2>I have verified the 
  results from the calculation of the above using Excel.</FONT></SPAN>

</P>
  <P><SPAN class=620392310-26051999></SPAN>&nbsp;

</P>
  <P><SPAN class=620392310-26051999><FONT face=Arial size=2>Can anybody verify 
  this result? Has anybody experienced this before?</FONT></SPAN>

</P>
  <P><SPAN class=620392310-26051999></SPAN>&nbsp;

</P>
  <P><SPAN class=620392310-26051999><FONT face=Arial 
  size=2>Thanks,</FONT></SPAN>

</P>
  <P><SPAN class=620392310-26051999><FONT face=Arial size=2>Yngvi 
  Hardarson</FONT></SPAN>

</P>
  <P><SPAN class=620392310-26051999><FONT face=Arial 
  size=2>hardy@xxxxxxxxxxxxx</FONT></SPAN>

</P>
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</x-html>From ???@??? Wed May 26 10:39:36 1999
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From: "Bob Jagow" <bjagow@xxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Subject: RE: Built in ATR indicator vs. custom ATR
Date: Wed, 26 May 1999 08:59:54 -0700
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<DIV><FONT color=#0000ff face=Arial><SPAN class=343385415-26051999>Two 
possibilities, <FONT face=Arial size=2><SPAN 
class=620392310-26051999>Yngvi.</SPAN></FONT></SPAN></FONT></DIV>
<DIV><FONT color=#0000ff face=Arial><SPAN class=343385415-26051999><FONT 
face=Arial size=2><SPAN class=620392310-26051999>Does Equis use ema [Wilder 
did]?</SPAN></FONT></SPAN></FONT></DIV>
<DIV><FONT color=#0000ff face=Arial><SPAN class=343385415-26051999><FONT 
face=Arial size=2><SPAN 
class=620392310-26051999></SPAN></FONT></SPAN></FONT><FONT color=#0000ff 
face=Arial><SPAN class=343385415-26051999>What does MS return when they are 
equal?&nbsp; Would &gt;= and &lt;= help?</SPAN></FONT></DIV>
<DIV><FONT color=#0000ff face=Arial><SPAN 
class=343385415-26051999></SPAN></FONT>&nbsp;</DIV>
<DIV><FONT color=#0000ff face=Arial><SPAN 
class=343385415-26051999>Bob</SPAN></FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV><FONT color=#000000 face=Arial size=2><A 
href="mailto:bjagow@xxxxxxx";>bjagow@xxxxxxx</A></FONT></DIV>
<DIV>&nbsp;</DIV>
<BLOCKQUOTE style="MARGIN-RIGHT: 0px">
  <DIV class=OutlookMessageHeader><FONT face="Times New Roman" 
  size=2>-----Original Message-----<BR><B>From:</B> 
  owner-metastock@xxxxxxxxxxxxx [mailto:owner-metastock@xxxxxxxxxxxxx]<B>On 
  Behalf Of</B> Yngvi Hardarson<BR><B>Sent:</B> Wednesday, May 26, 1999 3:29 
  AM<BR><B>To:</B> Metastock list<BR><B>Subject:</B> Built in ATR indicator vs. 
  custom ATR<BR><BR></DIV></FONT>
  <DIV><FONT face=Arial size=2><SPAN 
  class=620392310-26051999>All!</SPAN></FONT></DIV>
  <DIV><FONT face=Arial size=2><SPAN 
  class=620392310-26051999></SPAN></FONT>&nbsp;</DIV>
  <DIV><FONT face=Arial size=2><SPAN class=620392310-26051999>I just discovered 
  that the MetaStock for Windows 6.52 built in ATR function does not deliver the 
  same results as the indicator below which I consider the correct ATR 
  calculation:</SPAN></FONT></DIV>
  <DIV><FONT face=Arial size=2><SPAN 
  class=620392310-26051999></SPAN></FONT>&nbsp;</DIV>
  <DIV><FONT face=Arial size=2><SPAN class=620392310-26051999>ATR custom 
  indicator:</SPAN></FONT></DIV>
  <DIV><FONT face=Arial size=2><SPAN 
  class=620392310-26051999>periods:=Input("ATR 
  Periods?",1,100,10);<BR>TH:=If(Ref(C,-1) &gt; 
  H,Ref(C,-1),H);<BR>TL:=If(Ref(C,-1) &lt; 
  L,Ref(C,-1),L);<BR>TR:=TH-TL;<BR>Mov(TR,periods,S)</SPAN></FONT></DIV>
  <DIV><FONT face=Arial size=2><SPAN 
  class=620392310-26051999></SPAN></FONT>&nbsp;</DIV>
  <DIV><FONT face=Arial size=2><SPAN class=620392310-26051999>I have verified 
  the results from the calculation of the above using Excel.</SPAN></FONT></DIV>
  <DIV><FONT face=Arial size=2><SPAN 
  class=620392310-26051999></SPAN></FONT>&nbsp;</DIV>
  <DIV><FONT face=Arial size=2><SPAN class=620392310-26051999>Can anybody verify 
  this result? Has anybody experienced this before?</SPAN></FONT></DIV>
  <DIV><FONT face=Arial size=2><SPAN 
  class=620392310-26051999></SPAN></FONT>&nbsp;</DIV>
  <DIV><FONT face=Arial size=2><SPAN 
  class=620392310-26051999>Thanks,</SPAN></FONT></DIV>
  <DIV><FONT face=Arial size=2><SPAN class=620392310-26051999>Yngvi 
  Hardarson</SPAN></FONT></DIV>
  <DIV><FONT face=Arial size=2><SPAN 
  class=620392310-26051999>hardy@xxxxxxxxxxxxx</SPAN></FONT></DIV></BLOCKQUOTE></BODY></HTML>
</x-html>From ???@??? Wed May 26 10:39:39 1999
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From: "Laurent GITTLER" <lgittler@xxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Subject: RE: MetaStock Layout Question
Date: Wed, 26 May 1999 19:23:55 +0200
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I don't know what Nicholas wants to do, but I have another question to
complete Nicholas question.

What I want to do is display automatically several templates at the same
time (for example having the triple-screen system (as described in Alexander
Elder Book, or having different templates for the same stock), thus giving a
layout of several windows for a single stock.

I would like all templates be changed at the same time when I select a
stock. Does this function exist in Metastock, if not, I would like to
suggest this as a Metastock enhancement.

Laurent GITTLER

-----Original Message-----
From: owner-metastock@xxxxxxxxxxxxx
[mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of Jim Greening
Sent: Thursday, May 20, 1999 3:33 AM
To: metastock@xxxxxxxxxxxxx
Subject: Re: MetaStock Layout Question


Nicholas,
      Just exactly what are you trying to do?  Does your 9 templates consist
of several different stocks or just different indicators on one stock?  If
the latter, make a new template of the entire layout.  Then you can apply
that template to any stock.

JimG

----- Original Message -----
From: Nicholas Kormanik <nkormanik@xxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Tuesday, May 18, 1999 6:06 PM
Subject: MetaStock Layout Question


> Help??  I just created a layout consisting of nine templates.  I was under
> the impression that I could change the security once, and all nine
templates
> would reflect the changed security....
>
> It appears that the changed security is affecting the top template
**only**,
> and the remaining eight templates keep the existing security.
>
> In order to have the entire layout reflecting the new security, I have to
> make the change nine times for each of the myriad of stocks I'd wanted to
> quickly scan.
>
> This sucks royally.
>
> Is this your understanding as well?  Is there something I'm not doing,
> hopefully, that makes a more streamlined process possible?
>
> Any help greatly appreciated.
>
> Thanks,
> Nicholas
>