John Carters TTM Wave, What is it? Nothing but a Bunch of MACD Histograms.
I have seen on many paid video lessons, he recommends not to use MACD, because it is a derivative of two lagging indicator. Doesn't mean it is lagging. Ironically, his Wave indicators are exactly the MACD histogram.
How did I guess the numbers, Recently, I was bored and i was watching a video from one his old video lessons, I purchased among many others. His moving averages are Fibonacci numbers and he likes them. That just makes a great filter. Then by the looks of it and the wave reaction to price + some number of iterations, you can guess the numbers.
Here we have WAVE A / WAVE B. WAVE C figured the first part - Second part of the wave (something different going on there, will not take long to burst that myth).
Again if you think its not working please post...
I have seen on many paid video lessons, he recommends not to use MACD, because it is a derivative of two lagging indicator. Doesn't mean it is lagging. Ironically, his Wave indicators are exactly the MACD histogram.
How did I guess the numbers, Recently, I was bored and i was watching a video from one his old video lessons, I purchased among many others. His moving averages are Fibonacci numbers and he likes them. That just makes a great filter. Then by the looks of it and the wave reaction to price + some number of iterations, you can guess the numbers.
Here we have WAVE A / WAVE B. WAVE C figured the first part - Second part of the wave (something different going on there, will not take long to burst that myth).
Again if you think its not working please post...
Uday C Santhakumar
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Uday C Santhakumar
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.