roodstaart: By the way, hma or any other ma will work, but only in trending markets.
When ranging, it will fail, you need an oscillator then.
The hma36 acts similar to "Ultimate Oscillator" on its own and when combined with hma7 acts similar to smac-d when hma7 crosses hma36 leaving more room on screen for chart and reduces the need for a sub-window.
Use either template. The new one with indies is at post #88. Try them both and lets see what everyone thinks is easier to use. They both work off the same principals with the MTF T3's and the MTF HAS Bars but the new one adds MACD and crossover signals with alerts.
Consensus may even end up with a combination of the best of both. Lets just get the best we can.
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I could have sworn that there was a 1 tm 5 wave count on this chart!
By the way, hma or any other ma will work, but only in trending markets.
When ranging, it will fail, you need an oscillator then.taken the wave count off - too much info
Xard777
Rad
Thank you, work out just great.
xard777,
Nice post. I notice that your MurrayMath indie draws lines in between mine! Could you post it for us?
Thanks
Rad
Oh and do you then have an indie that actually shows good elliot wave counts? If so I would like to see that too.
Rad
Thanks for this XARD, very useful.
Xard777 is sure a generous person!
By the way, hma or any other ma will work, but only in trending markets. When ranging, it will fail, you need an oscillator then.
The hma36 acts similar to "Ultimate Oscillator" on its own and when combined with hma7 acts similar to smac-d when hma7 crosses hma36 leaving more room on screen for chart and reduces the need for a sub-window.
Xard777
with the previous template, which one we should use?
Radatats could you please post your new template now ??
Guys,
Use either template. The new one with indies is at post #88. Try them both and lets see what everyone thinks is easier to use. They both work off the same principals with the MTF T3's and the MTF HAS Bars but the new one adds MACD and crossover signals with alerts.
Consensus may even end up with a combination of the best of both. Lets just get the best we can.
Rad