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<SPAN
class=731125104-24042003>Rick,
<SPAN
class=731125104-24042003>
a picture is worth a
thousand words....
<SPAN
class=731125104-24042003>
<IMG align=baseline
alt="" border=0 hspace=0 src="gif00246.gif">
In this chart the
current swing direction is up, therefore I am calculating Impulse waves. Swing 1
is the previous wave up, swing 2 the wave prior and swing 3 the wave prior to
that. The top the chart identifies which direction the calculations are
being made for. If you wanted to see the calculations for the reaction waves
(the down waves) use the parameter switch. The first line "Bars since swing" is
giving the running calculation of the swing in progress, The averages are based
on the prior 3 swings and does not include the swing in
progress.
<SPAN
class=731125104-24042003>
The green bars are
marking the the first bar after the turn, the white bar marks the first bar
considered in the ATR look back. If the state was down the red bars would be
marking the first bar after the down swing.
<SPAN
class=731125104-24042003>
Elliot and Miner
view Impulse and reaction moves as different animals. When calculating the up
moves you use data from previous up moves when calculating down moves you use
data from previous down moves.
Jayson
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