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Date/Time: Sun, 16 Mar 2025 21:19:24 +0000



Post From: Sierra Chart - Elliot Wave?

[2022-06-07 12:16:14]
BenjaminR - Posts: 172
Elliott Waves are based on fibonacci, full stop. There's the math. There are rules & guidelines that govern wave count. This involves pattern recognition, as there are two kinds of waves: motive waves, & corrective waves.

With motive waves, there are impulse waves, leading diagonals, & ending diagonals.

With the corrective waves, there are Zig Zags, Flats, & Triangles.

The math is in the fibonacci relationships.

I recommend these books: The Wave Principle by Prechter & Frost (available for free @ www.elliottwave.com) & Elliott Wave Trading by Kennedy & Gorman.

It might be worth the expense for Sierra Chart to rent or buy MotiveWave software in your study of how to create an indicator- they seem to do it the best.

Look forward to what you produce, as Sierra Chart is the best in software engineering.
Date Time Of Last Edit: 2022-06-07 12:16:58