another Viewpoint about concept of " wave " in market ?!
This is global question. But I am not professional with waves and cycles sorry. I am using something on the way you described but for my understanding - indicator should be smoothing, or double smoothing, or few same indicator with different settings just to reconstruct something for example. I used Schaff Trend Cycle for the long time but I came to the situation that I need 2 or 3 same indicators with different settings. As to zigzag as a wave so ... is it more related to patterns? Just found this article The Implementation of Automatic Analysis of the Elliott Waves in MQL5 . By the way, I prefer stochastics for example:
hi & thank
what you think about this :
the wave will use as " Elliot Wave " .
forexgoshen 2013.01.27 07:41 # Any trend following indicator can be used for it.
can you please tell ; which of them you prefer?
approximately what condition(s) { refer to that indicator } is good for this ?
hi & thank
what you think about this :
the wave will use as " Elliot Wave " .
can you please tell ; which of them you prefer?
approximately what condition(s) { refer to that indicator } is good for this ?
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do you have any idea about this :
if we looking to define or create a wave in market with using an indicator such that:
with its properties like ;
"when cross zero line" or " when have extermum " or " max. & min." or " change in direction "...
and with using this conditions try to create a " wave ".
which indicator you prefer to use it?
and what condition(s)?
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then in main chart , draw zigzag as a wave.
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is this point , acceptable? & do you have any idea about this?