Elliot wave study and drawing tools

2607 12 19
New Elliot wave study and drawing tools released. Please try it and provide feedback. :)
I think this type of method is easy to follw price action and to close trades and open trades at the key points on the elloittt helps a lot to go beyond to grow your money with prudense of coarse...from a seed to a tree..
I have looked at this tool and feel that it is very misleading and something is very wrong. I check on EUR Hourly chart and found that in sequence of 1, 2, 3, 4, 5 waves which were clearly trying to show an uptrend, wave 1 was actually down and wave to , wave 3 pointing up, yet there was lot of overlap. What was labeled wave 1 was actually last wave down of the downtrend just ended. So I am not sure how it is configured, but feel it ignores all the basic rules and guideline. Probably just working on some sort of Fib ration as your site seem to infer. I think it needs lot of clarification in order to avoid misleading many with little or no knowledge of the EW theory & it's application. Would welcome you explanation and how you propose to resolve the issue.
I don't always agree with the labeling. It would be helpful to understand the principles used to define waves and/or have the ability to configure. Nice tool and would love to use it more but I need to understand it first. Keep up the good work!
If you x-out smaller waves works well for historical charts.
why do you followed me?)
Can someone put me in touch with the creator of this script. It is a great start, has great potential but surely it needs to be able to label A-B-C where right now it labels them 1-2-3.
Someone that really focuses on EW online, has membership site and really knows his stuff has asked me to try and track down the creator. He would like to work with you to bring this script to perfection for the good of all. He is very good with EW Ratio Analysis and knows the numbers. This script does a lot of valid labeling and we believe it can do even better withy some Community Love. Please toucj bases with me when you have a minute. Thanks and Happy Trading. FrankM
mcrouchanderson frankm.internetsavvy
did you get a response regarding the elliot wave code?
+3 Reply
How do I add this tool? I had it before but now it's gone
Where can I find it?
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