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<FONT color=#000080
size=2>Jason,
<FONT color=#000080
size=2>
Thanks, this is
very impressive. This new explanation helps.
<FONT color=#000080
size=2>
Do you follow
Elliot/Miner? What do you think of their methods?
<FONT color=#000080
size=2>
<FONT color=#000080
size=2>Thanks,
<FONT face="Vladimir Script" color=#000080
size=5>Rick
<FONT face=Tahoma
size=2>-----Original Message-----From: Jayson
[mailto:jcasavant@xxxxxxxxxxxx]Sent: Thursday, April 24, 2003 1:05
AMTo: 1amiSubject: [amibroker]
trends
<SPAN
class=731125104-24042003>Rick,
<SPAN
class=731125104-24042003>
a picture is worth
a thousand words....
<SPAN
class=731125104-24042003>
<IMG alt=""
hspace=0 src="gif00251.gif" align=baseline
border=0>
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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