It should not have.

__________________

awesome oscillator its in to Visual trader plataform its the same of elliot oscillator are two simple moving average 5 and 34 not 35 ( elliot numbers) and the area contained between this two Simple moving average its the histogram
about the proifit taking PTI = its the area of vawe 3 / area of vawe 4 = if is over 35 we will have wave 5 if vawe 3 was up = vawe 5 up if vawe 3 down
vawe 5 down so on ADG you can trade only vawe 5 because its impossible to find a wave 3 only on te retracements ( vawe 4 ) you can see a previous vawe 3 internet its full of manuals how to use that sofware ok

PTI its a propietary study like mob bias etc ok
but if you follow this forum its full of Mob and Bias
channel = 0.931 peason index

Attached Images

PTI.JPG (42.1 KB, 3011 views)

statistics explain this a prices series are oscillating in a volatility channel
this channel its called Linear regression its ampltude its 2 standard deviation
this help us to understand the trend with a precision of probability between 50% and 90 % = if a bar exit form this channel means the trend its End
but if you start to buy at the start of the channel and you exit when the bar exit up or down depends the direction of the channel this will give only the 30 % of profit but the volatitility channel its important when you open a position the channel gives to us the oportunity to mantain that position

rod 30, did you ever try AG's 'Seasonals' ? it looks a lot like the 'Ensign Map' --
December 2003 Trading Tips Newsletter

Hi guys,
I'm looking for an indicator that says you what are the waves 1-2-3-4-5-A-B-C.
There's something in the net or am I asking a lot??
Thanks for your reply!

There is no indicator or software that can accurately count Elliott Waves. It would be nice if there was, but unfortunately there isn’t.

Just does not work.
Please corresponding ...

Attached Files

Elliott Wave indic.mq4 (128.5 KB, 921 views)

Anybody could make the Elliot Wave Ind work?

Is there a PTI indicator for metatrader?

On the indicator EWN I only see "WAVE 3" ....I never saw "WAVE 4" or "WAVE 5".....why it happens?!?! Is there a mistake on the formula (maybe)?


This is the formula:
// Elliott Wave Number
#property copyright "Copyright © 2005-2006, David W. Thomas"
#property link "http://www.davidwt.com"

#property indicator_separate_window
#property indicator_minimum 0
#property indicator_maximum 6
#property indicator_buffers 1
#property indicator_color1 Red

//---- input parameters
extern int Per=70;
extern int Trigger=20;

//---- buffers
double EWNBuffer[];
double mean[];

//---- variables
int indexbegin = 0;
double tr=0;

//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
IndicatorBuffers(2);
//---- indicators
SetIndexStyle(0,DRAW_LINE);
SetIndexBuffer(0,EWNBuffer);
//----
SetIndexBuffer(1, mean);
string short_name = "EWN(" + Per + "," + Trigger + ")";
IndicatorShortName(short_name);

indexbegin = Bars - MathMax(Per, 35) - 1;
if (indexbegin < 0)
indexbegin = 0;
tr = Trigger / 100.0;

return(0);
}
//+------------------------------------------------------------------+
//| Custor indicator deinitialization function |
//+------------------------------------------------------------------+
int deinit()
{
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator iteration function |
//+------------------------------------------------------------------+
int start()
{
int i;
int counted_bars = IndicatorCounted();
int wave = 3;
double osc, et;
double hiosc = -2*Ask,
hiprice = hiosc,
hiosc2 = hiosc,
hiprice2 = hiosc;

//---- check for possible errors
if (counted_bars < 0) counted_bars = 0;
//---- last counted bar will be recounted
if (counted_bars > 0) counted_bars--;
if (counted_bars > indexbegin) counted_bars = indexbegin;

for (i = indexbegin-counted_bars; i >= 0; i--)
{
//! compute EWO for the current bar. If EWO is > 0, then the 5SMA is above
//! the 35SMA. If EWO < 0, then the 5SMA is below the 35SMA.
osc = iMA(NULL, 0, 5, 0, MODE_SMA, PRICE_MEDIAN, i) - iMA(NULL, 0, 35, 0, MODE_SMA, PRICE_MEDIAN, i);
//! buffer the mean prices (average of the high and low).
mean[i] = (High[i] + Low[i]) / 2.0;
// Is the current wave sequence up or down?
et = iCustom(NULL, 0, "EWTREND", Per, Trigger, 0, i);
// When the trend changes from down to up, label it wave 3 and save the current osc and price.
if (et == 1 && iCustom(NULL, 0, "EWTREND", Per, Trigger, 0, i+1) == -1 && osc > 0)
{
hiosc = osc;
hiprice = mean[i];
wave = 3;
}
// If wave 3 and the oscillator make new highs then save those values.
if (wave == 3)
{
if (mean[i] > hiprice)
hiprice = mean[i];
if (osc > hiosc)
hiosc = osc;
// Test for the beginning of wave 4.
if (osc <= 0 && et == 1)
wave = 4;
}
// Test for the beginning of wave 5.
if (wave == 4 && mean[i] == mean[ArrayMaximum(mean, 5, i)] && osc >= 0)
{
wave = 5;
hiosc2 = osc;
hiprice2 = mean[i];
}
if (wave == 5)
{
if (osc > hiosc2)
hiosc2 = osc;
if (mean[i] > hiprice2)
hiprice2 = mean[i];
}
// Test for wave 5 becoming wave 3.
if (wave == 5 && hiosc2 > hiosc && et == 1)
{
wave = 3;
hiosc = hiosc2;
hiprice = hiprice2;
hiosc2 = -2*Ask;
hiprice2 = hiosc2;
}
// Identify a wave 3 down while in wave 5.
if (wave == 5 && et == -1)
{
wave = 3;
hiosc = -2*Ask;
hiprice = hiosc;
hiosc2 = hiosc;
hiprice2 = hiosc;
}
EWNBuffer[i] = wave;
}

return(0);
}
//+------------------------------------------------------------------+