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I believe that the "Elliott Wave" Osc which you
are looking for is the 3,35 (Simple) MACD.
mov( c, 3, s) - mov( c, 35, s)
If you want the colours etc to change, then just
write the syntax twice.
M1:= mov( c, 3, s) - mov( c, 35, s);
if(m1 >=, ref(m1,-1), m1, 0);
if(m1 <, ref(m1,-1), m1, 0);
Plot it first as a line, change the colours to what you want, and then
change the style to histogram.
DusantChief Architect<A
href="">www.candlestrength.com
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
<A title=msimmon@xxxxxxxxxxx
href="">mikesimmonsuk
To: <A
title=equismetastock@xxxxxxxxxxxxxxx
href="">equismetastock@xxxxxxxxxxxxxxx
Sent: Thursday, February 05, 2004 23:45
PM
Subject: [EquisMetaStock Group] Investors
Dream Software - Elliott Wave Oscillator
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.RegardsMike Simmons
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