(REQ) ElliotWave indicator

[THANKS]

http://www.forex-experts.com/component/page,shop.product_details/flypage,shop.flypage/product_id,39/category_id,2/option,com_phpshop/Itemid,1/

 

 

 

ElliotWaves indicator

( Forex-Experts )

 

Price: $59.00

 

 

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Some market technicians that use technical analysis to look for a nearing market bottom or market top have noticed over the past several years that the stock market will consistently move in a 5 wave pattern which is based on concepts from Elliott Wave Theory.

 

When the stock market is trending upward a 5 wave pattern consists of 3 separate moves upward and 2 separate moves downward before a top occurs. Meanwhile when the stock market is trending downward a 5 wave pattern consists of 3 separate moves downward and 2 separate moves upward before a bottom occurs.

 

Adding concepts from Elliot Wave Theory is another tool investors can use to help predict when a stock market bottom or top is nearing.

 

The indicator will also show alerts when signal for Buy or Sell triggered.

 

Parameters, used in the custom indicator:

 

ShowAlerts = true - show alert signals;

ElliotWaves = Blue - color to print elliot waves;

[loopyno]

lol ... maybe it is a different theory because in those picture the count is ... unusual to say the least

 

Loopyno

[mtx_69]

plsz share it..

[ipixtlan]

http://www.4shared.com/file/-eWN6OJi/EWPro.html

If someone use TA please share details...