Al......Derek's formula will set up in MetaStock. Mine is different and
is as follows....
1. I create the Elliott Oscillator Formula = FML("EO")
Mov(C,5,VAR)-Mov(C,34,VAR)
2. Then I create FML("Sandusky"), which is (of course) a binary...
If(CCI(13)>Ref(CCI(13),-1) AND (CCI(13)Mov(Fml("EO"),5,E) AND Ref(Fml("EO"),-1)Ref(Fml("EO"),-2) AND Ref(Fml("EO"),-1)>Ref(Fml("EO"),-1)
AND (Ref(Fml("EO"),-2)>Ref(Fml("EO"),-3)),+1,0)+
If(RSI(8)>Ref(RSI(8),-1),+1,0)
3. The reverse of Fml("Sandusky") is Fml("Eastern")
4. I then create Fml ("CCITrigger"), which is another binary
If(Fml("Sandusky") >1.5,+10,0)+
If(Fml("Eastern")<-1.5,-10,0)
This gives me a spike on my trading chart,as well as a way to scan
for stocks about to make a turn. BW Chan |
