Complete Elliott Waves formulas for Metastock 20.

[⭐ Atomo12345]

Please change the colors of the objective lines.

 

{Elliott Wave ABC Bullish Pattern (Third Wave)}

MinA := Input(“Minimum of wave A =”, 0, 1000000, 6316.9);
MaxA := Input(“Maximum of wave A =”, 0, 1000000, 6618.3);
RetracementB := Input(“Wave B Retracement =”, 0, 1000000, 6534.6);
WaveCMinTarget := RetracementB + ((MaxA - MinA) * 0.618);
WaveCMedTarget := RetracementB + ((MaxA - MinA));
TargetCTip:=RetracementB+((MaxA-MinA)*1.272);
TargetCHigh:=RetracementB+((MaxA-MinA)*1.618);
TargetCHigh;
TargetCTip;
WaveCMedTarget;
WaveCMinTarget

 

 

{Bearish Elliott Wave ABC (Third Wave)}

MaxA := Input(“Maximum of wave A =”, 0, 1000000, 7002.3);
MinA := Input(“Minimum of wave A =”, 0, 1000000, 6130);
RetracementB := Input(“Wave B Retracement =”, 0, 1000000, 6525);
WaveCMinTarget := RetracementB - ((MaxA - MinA) * 0.618);
WaveCMedTarget := RetracementB - ((MaxA - MinA));
TypicalTargetWaveC := RetracementB - ((MaxA - MinA) * 1.272);
MaxTargetWaveC := RetracementB - ((MaxA - MinA) * 1.618);
WaveCMinTarget;
WaveCMedTarget;
TypicalTargetWaveC;
MaxTargetWaveC

 

 

{Bullish Elliott Waves (Fifth Wave)}

Min1 := Input(“Wave 1 Low =”, 0, 1000000, 6316.9);
Max1 := Input(“Wave 1 High =”, 0, 1000000, 6609.7);
Retracement2 := Input(“Wave 2 Retracement=”, 0, 1000000, 6474.9);
Max3 := Input(“Wave 3 High=”, 0, 1000000, 7385);
Retracement4 := Input(“Wave 4 Retracement=”, 0, 1000000, 7050);
FifthWaveMax:=Retracement4+(Max1-Min1)*2.618;
FifthWaveMinTarget :=Retracement4+(Max1-Min1)*1.618;
FifthWaveTip:= (Max3-Min1)+Retracement2;
FifthWaveHigh:=(Max3-Min1)*0.618+Max3;

FifthWaveMax;
FifthWaveHigh;
FifthWaveTip;
FifthWaveMinTarget

 

 

{Bearish Elliott Waves (Fifth Wave)}

Max1 := Input(“Wave 1 High =”, 0, 1000000, 7002.3);
Low1 := Input(“Wave 1 Low =”, 0, 1000000, 6775.5);
Retracement2 := Input(“Wave 2 Retracement=”, 0, 1000000, 6952.5);
Minimum3 := Input(“Wave 3 Minimum=”, 0, 1000000, 6316.9);
Retracement4 := Input(“Wave 4 Retracement=”, 0, 1000000, 6618.1);
FifthWaveMax := Retracement4-(Max1-Low1)*1.618;
FifthWaveTipTarget := Retracement2 - (Max1 - Minimum3);
MaxFifthWaveTarget := Retracement2 - (Max1 - Minimum3) * 1.272;
FifthWaveTipTarget;
MaxFifthWaveTarget;

FifthWaveMax

Edited May 7 by Atomo12345

[⭐ epictetus]

Thanks for sharing, that's great information.

When it comes to Elliott Wave theory, I think the main issue is the correlation between large and small waves. It would be great to be able to do this in a healthy way.

[⭐ Atomo12345]

I think that the best are these four waves.
For example this {Bullish Elliott Waves (Fifth Wave)} for S&P500, forecast the actual objective for the Fifth Wave to 7800-8050 probably to the end of July-August 2026.

Edited May 7 by Atomo12345