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You can find information about all founded patterns. Information about all waves is displayed in the application window and is represented as a tree structure. You should select you Metatrader than chart (currency and timeframe), than pattern name. Press Ctrl +T and read all information about pattern. Information contains: probabilities and rules for this pattern.

 

Example:

RunningTriangle

Score: 23.70

Probability: 30.00

FiboPriceScore: 4.91

FiboTimeScore: 20.61

FiboProportionalScore: 4.91

Fibonacci: 8.84

 

Rules:

The internal retrace of the first wave must be at least 100%%

The internal retrace of the second wave must be at least 100%%

The internal retrace of the third wave must be at least 90%%

The internal retrace of the fourth wave must be at least 100%%

the first wave must exceed the price territory of the origin

The second wave can not exceed the price territory of the first wave

The third Wave must exceed the price territory of the second wave

V The fifth Wave must exceed the price territory of the fourth wave

the fourth wave must exceed the price territory of the third wave

The second wave in this pattern must have a minimal retrace of 38%%(internal points included!)

The third wave in this pattern must have a minimal retrace of 38%%(internal points included!)

The fourth wave in this pattern must have a minimal retrace of 38%%(internal points included!) the fifth wave must be longer than 30%% of the fourth wave

the second wave must be shorter than 200%% of the first wave

the third wave must be longer than 23%% of the first wave

The fifth wave must be longer than 23%% of the third wave

the third wave can not be too long compared to the second wave

the fifth wave can never get longer than the third wave

the second wave must be longer than the fourth wave

The second wave must exceed the beginning of the first wave

the fourth wave in this pattern can not get too long(internal points included!)

the third wave must be shorter than 100%% of the second wave

 

Common indications:

The internal retrace of the fifth wave must be at least 60%%

the second wave must be shorter than 161.8%% of the first wave

Often the second wave is approx. 138.2%% of the first wave (internal points included!)

the fifth wave must be longer than 23%% of the first wave

the fourth wave must retrace more than 47%%

the third wave must retrace more than 47%%

the second wave must retrace more than 47%%

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  • 1 month later...

Quote Originally Posted by grisleback View Post

See if this one comes close

 

www.multiupload.com/TZC9RI4FS8

 

 

what you posted is scanwave----it only work when you manually save current chart into expert/file. and you then run is applicaton before it can display wave label on the chart.

 

http://elliottindicator.com----the owner clearlly stated that what scanwave will not do for you automatically except you do it manually, this (elliottindicator) will automatic scan every wave and display wave label, saving you from the delay and time wasting.

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  • 8 years later...

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