Elliotwave Oscilotor

Mov((H+L)/2,5,S)-Mov((H+L)/2,34,S)

Could you help me about high and low color with this indicator??
Regards

like this...Regards

Not sure but it is probably not possible in Metastock (till Ver. 9.X) maybe the current versions have this option

This is an AWSOME OSCILLATOR. Try Profit Unity AO in Metastock. The Averages used are same as in Elliot Oscillator and plots same as Elliot Osc

RED


If((Mov(((O+H+L+C)/4),5,TRI)-Mov(((O+H+L+C)/4),34,TRI))<(Ref(Mov(((O+H+L+C)/4),5,TRI),-1)-Ref(Mov(((O+H+L+C)/4),34,TRI),-1)),(Mov(((O+H+L+C)/4),5,TRI)-Mov(((O+H+L+C)/4),34,TRI)),0)


GREEN

If((Mov(((O+H+L+C)/4),5,TRI)-Mov(((O+H+L+C)/4),34,TRI))>(Ref(Mov(((O+H+L+C)/4),5,TRI),-1)-Ref(Mov(((O+H+L+C)/4),34,TRI),-1)),(Mov(((O+H+L+C)/4),5,TRI)-Mov(((O+H+L+C)/4),34,TRI)),0)



USE SIMPLE MOVING AVERAGE INSTEAD OF TRIANGULAR MOVING AVERAGE