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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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