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Hi
Henry,
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The
formula for determining the XTL is proprietary to Trading Techniques Inc.
No one up to this point has ever revealed it publicly, and after Henry's
definition, that still remains the case. Whoever informed you of this
method of determining the XTL is so far out of the ball park its not
funny. It has absolutely nothing to do with the XTL and that is a fact
from Tom Joseph himself. I strongly object to people disseminating
information they think to be true without ever checking first to see if what
they have been told is correct.
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<FONT face=Arial color=#0000ff
size=2>Regards,
Adrian
Pitt
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PS the
attached chart has a 35 period XTl with a 5/35 Oscillator and 80% bands.
This will give a signal SOONER than the default 100%. And yet notice the
bars changed colour BEFORE the bands were exceeded. Hope this avoids
people heading down a path of non truth.
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<FONT
face=Tahoma size=2>-----Original Message-----From: Henry Z
Kaczmarczyk [mailto:henry1224@xxxxxxxxx] Sent: Tuesday, 21 October
2003 10:58 AMTo: equismetastock@xxxxxxxxxxxxxxxSubject:
[EquisMetaStock Group] Re: Manohohman and ClaudThe
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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