ELWAVE - program for analysis and application of wave theory in the exchange trade. ELWAVE includes a series of modules tailored to the specifics of various types of exchange transactions, aimed at investors of all styles and trends.
Basic set Elwave-Basic includes all the standard indicators and tools, but limited by the fact that only uses the format of the data «At the end of the day», ie, in real time, you can not use the program.
To use the full functionality of the application you need to purchase additional modules.
Modules Elwave
Additional modules include: Automatic Analysis Module, Trading Signals, Target Clusters Module.
It automatically Analysis (Automatic Analysis Module) uses as a base for the analysis of Elliott wave pattern, which is determined on the basis of the admissibility of certain types of waves found in the chart. This allows high accuracy to predict market conditions and prices (End of Day version works with these closures, and the version IntraDay - with the data in real time).
Unit of trading signals (Trading Signals) is designed to automatically detect the possibility of a potentially lucrative deal, as well as to close the position. If you have a module Trading Signals ELWAVE will automatically make the interpretation of alternative projection. The results of this interpretation can be found in the Inspector's reports (Summary Inspector). Upon completion of the analysis ELWAVE displays the most probable variant projection researched the market.
Module Targeted Clusters (Target Clusters) for the design of temporary and price clustering, based on Fibonacci ratios, and of great value in terms of identifying "turning points" trend (pivot points). Target Clusters module can only function if the availability of modules and module Automatic Analysis Trading Signals.
ELWAVE works with Windows 2000, Windows XP, Windows Vista. Screen resolution of 1024x768 and preferably higher.
ELWAVE and Metatrader
Set up import Real Time Quotes can be made from MetaTrader.
In MT4 you want to check on the DDE server (Tools - Options - Enable DDE server)
Then export quotes in the folder you want the currency "Elwave - Examples" - chasovki (Tools - Archive quotations - you currency - 1hour - exports). The more data the better, if you import chasovki, you can half-year program to set the level of the wave itself.
Then open Elwave and access these quotes. (Scenario - Create - History quotes.) Files of type to choose ASCII. In the right window to see the minutes. Open.
Then, correctly exposes the contents of the columns: Date, Time, Open, High, Low, Close, Volume. In the "Date Format" set YYYY / MM / DD
At the first session in ELWAVE to import an existing one (intraday) file with the extension. Elw, saved as a script, which will be loaded later. To update the data files in real time, you must verify the identity of their internal formats to the formats of incoming data.
But remember that the analysis of real-time data requires more time compared with the analysis of data closure.
Screenshots and interface ELWAVE
With regard to the overall impressions of the program and additional tools for the commission of the real stock market operations, the program is quite User-friendly interface.
Bar Chart Objects (Images) is designed for insertion of objects - lines and trend channels, high-speed line (Speedlines), the goals of price (Price targets), spirals (Spirals), the signal lines (Trigger lines), the rules of the golden section, Fibonacci price ratios. You can change the properties of all objects of the schedule, as well as panel indicators, double-clicking on the left button of the mouse myshi.S put an object on the schedule, "pulling" the button click, and upon reaching the desired location, release the button.
Panel Wave Labels (Legend of waves) to opt for the projection and when the analysis does not provide any action on the results. By default, the list of degrees of waves given superframe (Super Cycle).
Elliott Wave analysis in Elwave
If you have Automatic Analysis module can automatically save all the results of the analysis, ie all possible variants of the projection investigated the securities market, as the script. Scenarios own projections can be compared among themselves, which allows to explore all possible alternatives and their probabilities and obtain a clearer picture of future changes in prices.
Although ELWAVE will automatically re-analysis of each scenario, it is recommended from time to time (especially when you are not consistent signals) to analyze the schedule again.
You can also display all the rules and guidelines Elliott, and Fibonacci ratios, and find out why these graphics have been structured in one way or another: on what basis a particular type of wave has been confirmed or rejected as describing the real situation or wrong to it. The availability of this information in the system makes it not only the operating (trade), but also educational. ELWAVE not only helps explain the waves of Elliot, but also makes this class fun.
Basic set Elwave-Basic includes all the standard indicators and tools, but limited by the fact that only uses the format of the data «At the end of the day», ie, in real time, you can not use the program.
To use the full functionality of the application you need to purchase additional modules.
Modules Elwave
Additional modules include: Automatic Analysis Module, Trading Signals, Target Clusters Module.
It automatically Analysis (Automatic Analysis Module) uses as a base for the analysis of Elliott wave pattern, which is determined on the basis of the admissibility of certain types of waves found in the chart. This allows high accuracy to predict market conditions and prices (End of Day version works with these closures, and the version IntraDay - with the data in real time).
Unit of trading signals (Trading Signals) is designed to automatically detect the possibility of a potentially lucrative deal, as well as to close the position. If you have a module Trading Signals ELWAVE will automatically make the interpretation of alternative projection. The results of this interpretation can be found in the Inspector's reports (Summary Inspector). Upon completion of the analysis ELWAVE displays the most probable variant projection researched the market.
Module Targeted Clusters (Target Clusters) for the design of temporary and price clustering, based on Fibonacci ratios, and of great value in terms of identifying "turning points" trend (pivot points). Target Clusters module can only function if the availability of modules and module Automatic Analysis Trading Signals.
ELWAVE works with Windows 2000, Windows XP, Windows Vista. Screen resolution of 1024x768 and preferably higher.
ELWAVE and Metatrader
Set up import Real Time Quotes can be made from MetaTrader.
In MT4 you want to check on the DDE server (Tools - Options - Enable DDE server)
Then export quotes in the folder you want the currency "Elwave - Examples" - chasovki (Tools - Archive quotations - you currency - 1hour - exports). The more data the better, if you import chasovki, you can half-year program to set the level of the wave itself.
Then open Elwave and access these quotes. (Scenario - Create - History quotes.) Files of type to choose ASCII. In the right window to see the minutes. Open.
Then, correctly exposes the contents of the columns: Date, Time, Open, High, Low, Close, Volume. In the "Date Format" set YYYY / MM / DD
At the first session in ELWAVE to import an existing one (intraday) file with the extension. Elw, saved as a script, which will be loaded later. To update the data files in real time, you must verify the identity of their internal formats to the formats of incoming data.
But remember that the analysis of real-time data requires more time compared with the analysis of data closure.
Screenshots and interface ELWAVE
With regard to the overall impressions of the program and additional tools for the commission of the real stock market operations, the program is quite User-friendly interface.
Bar Chart Objects (Images) is designed for insertion of objects - lines and trend channels, high-speed line (Speedlines), the goals of price (Price targets), spirals (Spirals), the signal lines (Trigger lines), the rules of the golden section, Fibonacci price ratios. You can change the properties of all objects of the schedule, as well as panel indicators, double-clicking on the left button of the mouse myshi.S put an object on the schedule, "pulling" the button click, and upon reaching the desired location, release the button.
Panel Wave Labels (Legend of waves) to opt for the projection and when the analysis does not provide any action on the results. By default, the list of degrees of waves given superframe (Super Cycle).
Elliott Wave analysis in Elwave
If you have Automatic Analysis module can automatically save all the results of the analysis, ie all possible variants of the projection investigated the securities market, as the script. Scenarios own projections can be compared among themselves, which allows to explore all possible alternatives and their probabilities and obtain a clearer picture of future changes in prices.
Although ELWAVE will automatically re-analysis of each scenario, it is recommended from time to time (especially when you are not consistent signals) to analyze the schedule again.
You can also display all the rules and guidelines Elliott, and Fibonacci ratios, and find out why these graphics have been structured in one way or another: on what basis a particular type of wave has been confirmed or rejected as describing the real situation or wrong to it. The availability of this information in the system makes it not only the operating (trade), but also educational. ELWAVE not only helps explain the waves of Elliot, but also makes this class fun.
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