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Tom Joseph developed the Elliot Osc and he uses a 5 35 osc,
However Bill Williams uses a 5 34 osc of the Median Price as his
Elliot osc
M1:= mov(MP(),5,s) - mov(MP(),34,s);
if(m1 >=, ref(m1,-1), m1, 0);
if(m1 <, ref(m1,-1), m1, 0);
--- In equismetastock@xxxxxxxxxxxxxxx, Claudb <claudb@xxxx> wrote:
> Dusant....The Elliott Wave Osc is 5, 35.
> Claud
>
> Dusant@xxxx wrote:
>
> > 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 <http://www.candlestrength.com>
> >
> > ----- Original Message -----
> > From: mikesimmonsuk <mailto:msimmon@x...>
> > To: equismetastock@xxxxxxxxxxxxxxx
> > <mailto: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.
> >
> >
> > Regards
> >
> >
> >
> > Mike Simmons
> >
> >
> > Yahoo! Groups Sponsor
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