Elliott Wave Principle, developed by Ralph Nelson Elliott , proposes that the seemingly chaotic behaviour of the different financial markets isn’t actually chaotic. In fact the markets moves in predictable, repetitive cycles or waves and can be measured and forecast using Fibonacci numbers. These waves are a result of influence on investors from outside sources...
The Elliott Wave Oscillator enables traders to track Elliott Wave counts and divergences. It allows traders to observe when an existing wave ends and when a new one begins. It works on the basis of a simple calculation: The difference between a 5-period simple moving average and a 34-period simple moving average. Included with the EWO are the breakout bands that...
The "Momentum" in this indicator is smoothed out using linear regression. The Momentum is what is displayed on the indicator as a histogram, its purpose is obvious (to show momentum). What is a Squeeze? A squeeze occurs when Bollinger Bands tighten up enough to slip inside of Keltner Channels . This is interpreted as price is compressing and building up energy...
Elliott Wave Oscillator with less noise. Trends are more clear.
A beautyfull mix of of cycles, based on EWO , Fib and Laguerre, providing an insight in the buildup and breakdown of support and resistance. S&P500 1D AAPL 3D BTC 2Hr BTC 1D ETH 2Hr ETH 1D LTC 2Hr LTC 1D
Just another Elliott Oscillator, this time with momentum bands