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elliot for metastock

  1. madmacs

    25,374 posts.


    Two Elliot indicators for Mstock:
    {The peaks of the histogram help identify waves 1, 3 and 5 and
    troughs for
    waves 2 and 4. Use MetaStock line studies (both trendlines, channels
    fib retracements) for additional wave identification/analysis. Of
    you can label the waves with the text box.}

    2. this indicator is called 3 swings and will help in identifying
    elliott waves
    Per1:=Input("1st swing",1,50,5);
    Per2:=Input("2nd swing",2,50,9);
    Per3:=Input("3rd swing",3,50,15);
    D:=Input("Decimal point",.001,100.0,1.0);
    A:= If( Rally(), HIGH,
    If( Reaction(), LOW,
    If( Outside(), If( Ref(Rally(),-1), HIGH, LOW ),
    If( Inside(),
    If( Ref(Rally(),-1), Ref(HIGH,-1)-0.001, Ref(LOW,-1)+0.001 ), P

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