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The XTL is based on the 5 35 osc, if the osc is greater than 0 and
the osc is greater than the strength band the XTL is blue.
If the OSC is below 0 and the osc is below the strength band the XTL
is red
--- In equismetastock@xxxxxxxxxxxxxxx, Claud Baruch <claudb@xxxx>
wrote:
> This is from an email I received in June, 2000.
>
> Somewhere on the Advanced GET site there is (or used to be,) a
> downloadable
> e-book by Tom Joseph explaining GET's interpretation of the
elliott osc
> in more
> detail.
> Most of GET's elliott analysis is simply based on this osc (which
is
> based on a simple moving average of the average price, btw & thus
> differs from a typical
> MACD formula) & fib analysis and can be analyzed in Metastock
(albeit
> manually)
> BTW, while GET offers a more proprietary variable ("PTI") for
predicting
> 5th wave failures, their original method (which they term "red,
green &
> blue channels") comes very close & can also be calculated fairly
easily
> in MS...
> there's a full explanation in the archives in the Advanced GET
egroup
> but (as I
> recall) it's based on calculating a simple moving average. with the
> periods being the number of bars between wave 2 & wave 3. The
other two
> "channels" are calculated using values of .68* this number and
1.382*
> this number. As long as price stays above the most extreme of these
> lines in wave 4, wave 5 will "likely"
> exceed wave 3. The standard projection of wave 5 is a distance
equal to
> the difference between the start of wave 1 and the end of wave 3,
added
> onto the low of wave 4 (or subtracted from the high of Wave 4 for
a wave
> 5 down).
> Other proprietary techniques in GET can also be approximated in
> Metastock.
> Their "elipse" variable is based on a fib relationship from two
price
> extremes, measure in both price and time.
> Their "MOB" (Make or Break) tool seems to be a Gann calculation
and can
> be roughly approximated by using the Gann Fan tool in Metastock
from two
> extreme prices.
> Their "XTL" variable closely follows a standard indicator which is
a
> variation of
> CCI.
>
> Claud
>
> murusprimus wrote:
>
> > Thank you both for responding to my post. Looking forward to
reading
> > the information Claud. Wallace.
> >
> >
> >
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