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#1 Selling Amibroker Plugin featuring:
elliott wave one and two exploration for Amibroker (AFL)
I have been identifying elliott wave one and two by this method and 90 percent of time i am successful in identifying wave one and two easily . But i fail to understand why this AFL is giving false results ,too . Can anybody help me improve it .
thanksSimilar Indicators / Formulas
Indicator / Formula
MedianPrice = (H+L)/2; Jaw = Wilders(MedianPrice,13); //Fractal up //---------- fUp = (Ref(H,-2) > Ref(H, -4)) AND (Ref(H,-2) > Ref(H, -3)) AND (Ref(H,-2) > Ref(H, -1)) AND (Ref(H,-2) > H); var1=ValueWhen(fUp ,Ref(H,-2) ,1); FractalUp=HighestSince(var1 > 0, var1, 1); Plot(FractalUp, "F+",colorWhite , styleLine | styleDots); FUpBuyPrice = FractalUp + 0.01; FUpHit = FUpBuyPrice <= H AND FUpBuyPrice >= L; FUpSignalOn = Flip(Ref(FractalUp,-1) != FractalUp, FUpHit); //Fractal Down //------------ var2= (Ref(L,-2) <= Ref(L, -1)) AND (Ref(L,-2) <= Ref(L, 0)) AND (Ref(L,-2) <= Ref(L, -3)) AND (Ref(L,-2) <= Ref(L, -4)); FractalDown=ValueWhen(var2, Ref(L,-2), 1); FDownSellPrice= FractalDown+ 0.01; FDownHit = FDownSellPrice <= H AND FDownSellPrice >= L; FDownSignalOn = Flip(Ref(FractalDown,-1) != FractalDown, FDownHit ); Plot(FractalDown, "F-", colorWhite, styleLine | styleDots); f1 = FractalDown < Jaw; f2 = FractalUp >Jaw; f3 = Ref(FractalDown,-1) < Jaw AND Ref ( fractalDown ,-1 )<FractalDown ; Buy = f1 AND f2 AND f3 ; f4 = FractalUp >Jaw; f5 =FractalDown<Jaw; f6 = Ref(FractalUp,-1) > Jaw AND Ref ( fractalUp ,-1) > FractalUp; Sell = f4 AND f5 AND f6 ;
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thanks for the share but it only plots a channel, how to know where are the elliot waves 1 & 2 ?
Hi,
Could you please share your idea on how to identify wave 1&2?
Best,
Solo
I think that is clear .
Have you tried using this Chaos theory concept to label all the Elliot Waves on a price chart? This appear to detect bearish impulse waves. Could you include code for bullish impulse waves too?