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Stan,
Here's a site that has several Elliott indicators:
http://trader.online.pl/MSZ/e-0-tytulowa-e.html
In the original code that you sent there were several places where
either a < or > was missing. I inserted what I felt were the
appropriate directional designations and placed {?} marks at those
locations.
As far as the code, its really nothing more than a price oscillator.
I'm not sure why the Elliott fans think of it as a wave indicator. To
me its really a MACD with different lookback periods. The rest of the
code is really about how you want to display the indicator...the
AlphOmega or Aget method. EO is the oscillator. Eot is the top band.
Eob is the bottom band. Eoa is an 8 bar moving average which can be
turned on and off as desired.
Stan, this was an interesting code. Thanks for presenting it!
Preston
--- In equismetastock@xxxxxxxxxxxxxxx, "S Book" <sbook@xxxx> wrote:
> Preston,
>
> The attachment will give an example of the resulting indicator in
another
> charting package. It is an intermediate and short term momentum
oscillator
> (I think) used to filter trades. The code was given to me by a
friend who
> says he uses it with MetaStock to produce the oscillator.
>
> For the "B" variable, I assume "Inside" and "Outside" refer to
inside and
> outside days. The {?}s look like missing values to me, and I can't
see how
> the expression might resolve into a value.
>
> Any ideas?
>
> Stan
>
>
>
> ----- Original Message -----
> From: "pumrysh" <no_reply@xxxxxxxxxxxxxxx>
> To: <equismetastock@xxxxxxxxxxxxxxx>
> Sent: Tuesday, January 18, 2005 1:00 PM
> Subject: Re: [EquisMetaStock Group] Code Transtation
>
>
> >
> >
> > Stan,
> >
> > We can but the code isn't correct. What does EO stand for? Here's
a
> > workable code. Problem is in the "B" variable.
> >
> > {EO oscillator - Metastock:}
> >
> >
> > Lg:=Input("Long Average:",5,240,35);
> > St:=Input("Short Average:",1,200,5);
> > A:=Input("Style AlphOmega=1 Aget=0",0,1,1);
> > eoa:=Input("Display MA 8 bars:",0,1,0);
> > B:=If(Outside() AND Ref(H,-1)>Ref(H,-2),H,
> > If(Outside() AND Ref(L,-1) {?}> O,H,
> > If((Outside() OR Inside()) AND O>C,L,
> > If(H>Ref(H,-1),H,If(L {?}< Ref(H,-2),H,
> > If(Ref(L,-1)<Ref(L,-2),L,C))))));
> > Eo:=Mov(B,St,E)-Mov(B,Lg,E);
> > Eot:=Mov(If(Eo>0,Eo,PREV),Lg,E);
> > Eob:=Mov(If(Eo<0,Eo,PREV),Lg,E);
> > Eo;If(A=0,Eot,0);If(A=0,Eob,0);If(eoa=1,Mov(EO,8,E),0);Eo
> >
> > Preston
> >
> >
> >
> > Yahoo! Groups Links
> >
> >
> >
> >
> >
> >
> >
> >
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