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Registered User
Joined: 3/14/2006
Posts: 78
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I've seen some products that offer Elliott Wave indicators. Does Telechart offer this feature?
Thanks
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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There are no Elliott Wave tools in the TeleChart program.
I did find this by using the forum's search function:
Any Elliott Wave students here?
You too can search these forums for anything. Watch this short video on how to get the most from these forums:
Learn how to use the forums: post a new topic, reply, Search existing topics
- Craig
Here to Help!
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Registered User
Joined: 12/8/2004
Posts: 1,301
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There is a decent way to find potential completion of wave 2's. Put a 50 day regression line on your price chart and then sort it by visual slope.
Check stocks which have a slight regression line upward movement. I check from 1.09 down to 1.01. You have to go through a few stocks, but you will find some great potential stocks just starting wave 3.
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Registered User
Joined: 12/8/2004
Posts: 1,301
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The above was for finding wave 2 uptrends. Wave 2 downtrends can be found by using .99 to .91.
You can also find stocks in wave 3 or wave 5 doing a pcf which finds stocks where the moving averages are ALL in line.
Price is greater than 50ma and price is greater than 100ma and price is greater than 150ma and 50ma is greater than 100ma and AND 50ma is greater than 150ma and 100ma greater than 150ma.
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Registered User
Joined: 10/11/2007
Posts: 6
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QUOTE (HaveNoCents) The above was for finding wave 2 uptrends. Wave 2 downtrends can be found by using .99 to .91.
You can also find stocks in wave 3 or wave 5 doing a pcf which finds stocks where the moving averages are ALL in line.
Price is greater than 50ma and price is greater than 100ma and price is greater than 150ma and 50ma is greater than 100ma and AND 50ma is greater than 150ma and 100ma greater than 150ma.
HaveNoCents...how accurate is your "finding stocks in wave 3 or 5 pcf" and how would the pcf appear in reverse (locate wave 3 or 5 in a down trend) ? Can you post a few recent symbols found using your pcf.
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Registered User
Joined: 10/11/2007
Posts: 6
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Craig S,
Can you test this pcf from HaveNoCents and let me know if work or not....
Price is greater than 50ma and price is greater than 100ma and price is greater than 150ma and 50ma is greater than 100ma and AND 50ma is greater than 150ma and 100ma greater than 150ma.
Thanks in Advance
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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joneskx,
Price is greater than 50ma and price is greater than 100ma and price is greater than 150ma and 50ma is greater than 100ma and AND 50ma is greater than 150ma and 100ma greater than 150ma is not a Personal Criteria Formula, it is a description of a PCF. It can be written as a PCF using one of the following:
Simple Moving Averages:
C > AVGC50 AND C > AVGC100 AND C > AVGC150 AND AVGC50 > AVGC100 AND AVGC50 > AVGC150 AND AVGC100 > AVGC150
Exponential Moving Averages:
C > XAVGC50 AND C > XAVGC100 AND C > XAVGC150 AND XAVGC50 > XAVGC100 AND XAVGC50 > XAVGC150 AND XAVGC100 > XAVGC150
These can be simplified to the following however:
Simple Moving Averages:
C > AVGC50 AND AVGC50 > AVGC100 AND AVGC100 > AVGC150
Exponential Moving Averages:
C > XAVGC50 AND XAVGC50 > XAVGC100 AND XAVGC100 > XAVGC150
As far as how well these might work for identifying Waves 3 and 5, I cannot say. The trainers can't give setting, interpretation or investment advice. You may wish to review the following:
How to create a Personal Criteria Forumula (PCF)
Moving Average PCF Templates
Things to check if your moving averages don't "seem right" or "seem to match"
PCF Formula Descriptions
Handy PCF example formulas to help you learn the syntax of PCFs!
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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