Hello traders, This is a tool that helps to automatically count Elliott waves on your charts. I've created this tool for making trading decisions.
⬜Algorithm of Elliot Waves – Thomas R. DeMark Waves
DeMark solved this problem by introducing a number of requirements to be met, so that you can determine each TD D-wave ; he developed a computer version of Elliot...
A strategy based on combination of 3 indicators.
1) "Elliot Wave - Impulse" indicator from @HeWhoMustNotBeNamed () .
2) "Cyclic RSI High Low With Noise Filter" from @RozaniGhani-RG ().
3) "Mesa Advanced Triggers" from @jordanfung ()
By using these 3 indicators together, I was able to project and backtrack some very nice return values even...
Elliott Wave Principle , developed by Ralph Nelson Elliott, proposes that the seemingly chaotic behaviour of the different financial markets isn’t actually chaotic. In fact the markets moves in predictable, repetitive cycles or waves and can be measured and forecast using Fibonacci numbers. These waves are a result of influence on investors from outside sources...