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Date/Time: Sun, 16 Mar 2025 22:30:13 +0000
Post From: Sierra Chart - Elliot Wave?
| [2022-06-07 12:16:14] |
| BenjaminR - Posts: 172 |
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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
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