|
PureBytes Links
Trading Reference Links
|
To supposedly avoid having to count E Waves, Williams uses two
methods.
He has what he calls the Alligator.
It's simply a Wilder's offset, which is easy to program.
Blue Ref(Wilders(MP(),13),-8);
Green Ref(Wilders(MP(),5),-3);
Red Ref(Wilders(MP(),8),-5);
These can also be found already in MS under Profitunity.
His AO and AC indicators are nothing more than a split MACD.
The alligator is approximately the same as DiNapoli's offset moving
averages. There's really no magic in it.
Ehlers Distant Coefficient filter does about the same thing.
If you want to learn to do explorations, buy Roy's newsletter and
read the articles on explorations. You'll learn how to find stocks
that meet all of your criteria a whole easier than trying to use this
code. www.metastocktips.co.nz
Williams fractals are just simplistic price patterns.
Fractal Resistance 2
(If(HIGH > Ref( HIGH , -1 ), 1 ,0 ) AND
If(HIGH > Ref( HIGH , -2 ), 1 ,0 )
AND If( HIGH > Ref( HIGH , +1 ), 1 ,0 ) AND
If( HIGH > Ref( HIGH , +2 ), 1 ,0 ))
AND Ref(H,-3)>Ref(H,-6)
Fractal Support 2
(If( LOW < Ref( LOW , -1 ), 1 ,0 ) AND
If( LOW < Ref( LOW , -2 ), 1 ,0 ) AND
If( LOW < Ref( LOW , +1 ), 1 ,0 ) AND
If( LOW < Ref( LOW , +2 ), 1 ,0 )) AND Ref(L,-3)>Ref(L,-6)
Fractal Resistance 3
(If( HIGH > Ref(HIGH,-1 ), 1 ,0 ) AND
If( HIGH > Ref(HIGH , -2 ), 1 ,0 ) AND If(HIGH>Ref(HIGH,-3),1,0)
AND If( HIGH > Ref( HIGH , +1 ), 1 ,0 ) AND
If( HIGH > Ref( HIGH , +2 ), 1 ,0 ) AND If(HIGH>Ref(HIGH,+3),1,0))
Fractal Support 3
(If( LOW < Ref( LOW , -1 ), 1 ,0 ) AND If( LOW < Ref( LOW , -2 ),
1 ,0) AND If( LOW < Ref( LOW , -3 ), 1 ,0) AND
If( LOW < Ref( LOW , +1 ), 1 ,0 )AND If( LOW < Ref( LOW , +2 ),
1 ,0 ) AND If( LOW < Ref( LOW , +3 ), 1 ,0 ))
Forget the one's, you don't need them.
Yes, Roy and Jose, I know this uses forward references but it doesn't
matter in this case. Due to the price patterns you're always going to
have a two or three bar delay because you can read the price pattern
until after it has finished forming.
None of this is particularly brilliant, but newbie's like red and
green so Williams sells a lot of this based on red and green bars,
etc.
He's also saying in his book E Waves are nothing more than a really,
really complicated way to find what a moving average tells you
already. Complicated is another way of saying you're going to make a
lot of mistakes trying to figure the E Wave method of forecasting the
future market turns--which is really a trading system--or is it, so
why bother, just use the offset Wilder's. pages 62 and 69.
--- In equismetastock@xxxxxxxxxxxxxxx, "rvalue1" <rvalue1@xxxx> wrote:
>
>
> The Elliott Oscillator is the 3,35 MACD on simple moving averages..
>
> Mov(C,3,S)-Mov(C,35,S)
>
> --- In equismetastock@xxxxxxxxxxxxxxx, "mikesimmonsuk"
> <mjsimmons@xxxx> wrote:
> >
> >
> > 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/
|