Stock Portfolio Organizer

The ultimate porfolio management solution.

Shares, Margin, CFD's, Futures and Forex
EOD and Realtime
Dividends and Trust Distributions
And Much More ....
Find Out More Here

WiseTrader Toolbox

#1 Selling Amibroker Plugin featuring:

Advanced Adaptive Indicators
Advanced Pattern Exploration
Neural Networks
And Much More ....
Find Out More Here

Advanced Elliott Waves for Amibroker (AFL)

Rating:
2 / 5 (Votes 8)
Tags:
amibroker

There are scarcity of good Elliott Waves formulas for Amibroker. Elliott Wave studies are more rich in Metastock and Advanced Get. Still studies are goin on to make good Elliott Waves formulas for Amibroker. Check one Elliott Waves formula for Amibroker. The following formula is free to use or distribute. But any commercial use of the same will require written permission from the author. Only one thing to remember is wait till signaled bar completes and then take trade decision (ofcourse use other indicator to confirm, which suites your style for confirmation).

Source: http://www.blog.stockmaniacs.net/search/label/Elliott%20Waves

Similar Indicators / Formulas

Kavach Of Karna v2
Submitted by hbkwarez over 3 years ago
3_6Day GuaiLiLv
Submitted by motorfly almost 6 years ago
Williams Alligator system
Submitted by durgesh1712 about 6 years ago
Interactive Linear Regression Channel
Submitted by InternetWorm almost 6 years ago
*Level Breakout system*
Submitted by Tinych about 6 years ago
Horizontal Live Priceline Tool
Submitted by northstar about 6 years ago

Indicator / Formula

Copy & Paste Friendly
_SECTION_BEGIN("Advanced Elliot Wave ");
//Elliot Wave Metastock to AFL
//-- Script Start -------
_N(Title = "{{NAME}} - {{INTERVAL}} {{DATE}}: "+_DEFAULT_NAME()+" : {{VALUES}} "
);

Option = ParamToggle("Insert To", "Price Chart|Indicator");
pr=Param("Elliot Wave minimum % move",0.5, 0.25,3,0.25);
//{ Beginner Elliot Wave stuff }
EWpk=PeakBars(H,pr)==0;
EWtr=TroughBars(L,pr)==0;
//{ Intermediate Elliot Wave stuff }
zz=Zig(C,pr);
zzHi=Zig(H,pr);
zzLo=Zig(L,pr);
Avg=(zzHi+zzLo)/2;
//{ Advanced Elliot Wave stuff }
RetroSuccessSecret=IIf(EWpk,zzHi,
IIf(EWtr,zzLo,IIf(Avg>Ref(Avg,-1),H,L)));
EW=Zig(RetroSuccessSecret,pr);
//{ Plot on price chart }
if (Option==0)
Plot(EW, "EW", ParamColor("Color", colorBrown), ParamStyle("Style", styleNoLabel|styleThick));
else
{
//{ Plot on own window }
Plot(EWbuy-EWsell, "EW2", ParamColor("Color", colorRed), ParamStyle("Style", styleNoLabel|styleThick));
}
//{ Buy/Sell Elliot Wave stuff }
EWbuy=TroughBars(EW,pr)==1;
EWsell=PeakBars(EW,pr)==1;
Plot(C,"",47,128+4);
PlotShapes(EWbuy*shapeUpArrow,5,0,L,-5);
PlotShapes(EWsell*shapeDownArrow,4,0,H,-5);
//-- Script End -------
_SECTION_END();

5 comments

1. cm_s

“Zig” looks in the future

2. ole

This is just a zig-zag. There is no Elliott Wave analysis in this code.

3. godisbogus

This is just a postmortem indicator. Simply a waste of time. Contribute good afls instead of making cosmetic changes to old, useless future looking afls.

4. arun.victor

This is waste of time…!

5. algoframe@gmail.com

True just a zig zag

Leave Comment

Please login here to leave a comment.

Back