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Dusant....The Elliott Wave Osc is 5, 35.
Claud
Dusant@xxxxxxxxxxxxxxxxxx wrote:
<blockquote type="cite"
cite="">
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.
Dusant
Chief Architect
www.candlestrength.com
<blockquote
>
<div
>-----
Original Message -----
<div
>From:
mikesimmonsuk
<div
>To:
<a title="equismetastock@xxxxxxxxxxxxxxx"
href="">equismetastock@xxxxxxxxxxxxxxx
<div
>Sent:
Thursday, February 05, 2004 23:45 PM
<div
>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.
Regards
Mike Simmons
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