Download elliott wave one and two exploration For Amibroker (AFL)

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3 / 5 (Votes 2)

trading system, amibroker, fractal

Submitted by Ketan-0 about 14 years ago

Submitted by batu1453 over 10 years ago

Submitted by prashantrdx over 10 years ago

Submitted by klvenkatt about 13 years ago

Submitted by AndrewThomas about 14 years ago

Indicator

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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 ;

1. imaxhighsky

over 12 years ago

thanks for the share but it only plots a channel, how to know where are the elliot waves 1 & 2 ?

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2. tsarvjit

over 12 years ago

It is only meant for scanning .

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3. solo_vijay

over 12 years ago

Hi,

Could you please share your idea on how to identify wave 1&2?

Best,
Solo

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4. tsarvjit

over 12 years ago

This is derived from Chaos theory . I have observed that wave one and two fractals form around blue line of alligator or 13 period wilders average .If trend is up , then wave one crosses up the blue line and ends in a fractal above the blue line . Then wave two sets in and crosses down the blue line and ends in a fractal below blue line . This down fractal thus formed is higher than the last down fractal .

I think that is clear .

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5. StockJock

over 9 years ago

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?

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elliott wave one and two exploration for Amibroker (AFL)
tsarvjit
over 12 years ago
Amibroker (AFL)

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Stock Portfolio Organizer

WiseTrader Toolbox

elliott wave one and two exploration for Amibroker (AFL) tsarvjit over 12 years ago Amibroker (AFL)

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Indicator / Formula

5 comments

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elliott wave one and two exploration for Amibroker (AFL)
tsarvjit
over 12 years ago
Amibroker (AFL)