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Strategies & Market Trends : TA- Advanced GET

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To: Gary Burton who wrote (809)1/5/1998 3:49:00 PM
From: Gary Burton   of 1551
 
I should perhaps clarify a bit--the Elwave product includes an "Elliott Wave Oscillator" and the formula given is 5period MA minus 35period MA of the (High+Low)/2. Whether or not that this is the precise formula Tom Joseph uses , only he knows. The advantage of Elwave's version however is that it is log based so the shape will be somewhat different than the arithmetic version, particularly on stocks which have made a large % gain or loss. If one wants, you can switch back to arithmetic but the default mode is log.
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