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[EquisMetaStock Group] Investors Dream Software - Elliott Wave Oscillator



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In Bill Williams excellent book 'New Trading Dimensions' - page 209 
refers to the chart displayed in the Investors Dream Software.

The chart is the Elliott Wave Oscillator and displays a simple line 
which is either displayed as green or blue, and then changes to the 
opposite colour which indicates a warning that a change of trend may 
be imminent.

>From observation this seems to work quite well.

I would like to obtain the formula on which this is based, which I 
can then convert and use within Metastock to scan a complete 
population of stocks to determine those where an imminent trend 
change may be pending.

If anybody can help it would be appreciated.


Regards



Mike Simmons



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