|
PureBytes Links
Trading Reference Links
|
In Bill Williams excellent book `New Trading Dimensions' - page 209
refers to the chart displayed in the Investors Dream Software.
The chart labeled EO is our proprietary method of counting the
Elliott Wave. Because we are only interested in going with impulsive
waves and staying out of reactive waves, this chart shows each on a
simple line that changes colour. In the chart illustrated in the
book (page 207), there is a colour change on the last few bars. This
is another indication to stay long, as log as the impulsive colour
does not change. When the colour does change, that is an Elliott
Wave warning of a trend change in the immediate future. Using this
chart, it is quite easy to trade the Elliott Wave without bothering
to know what wave you are in.
>From observations in the UK market this often works very well.
I would like to obtain the mathematical formula of this EO indicator,
which I could then use within Metastock to scan a complete population
of stocks to determine those where an imminent trend change may be
pending.
If anybody knows the formulae used It would be very much appreciated
if this could be passed on.
Regards
Mike Simmons
------------------------ Yahoo! Groups Sponsor --------------------~-->
$4.98 domain names from Yahoo!. Register anything.
http://us.click.yahoo.com/Q7_YsB/neXJAA/yQLSAA/BefplB/TM
--------------------------------------------------------------------~->
Yahoo! Groups Links
<*> To visit your group on the web, go to:
http://groups.yahoo.com/group/equismetastock/
<*> To unsubscribe from this group, send an email to:
equismetastock-unsubscribe@xxxxxxxxxxxxxxx
<*> Your use of Yahoo! Groups is subject to:
http://docs.yahoo.com/info/terms/
|