simple steps to identifty Wolfe

darsh_goswami · #**171** 8th December 2007, 03:42 AM

Thanx Winstonn,...

Ur feedback is always valuable for a newbie like me. Though I m still waiting for your tutorials about WW. Coz no one knows Wolfs better then Winstonn.

So ,.. please bro. Be kind enough to teach me all what i should know about WW and other patterns.

Thanx again ,..
Regards,..
Darsh

tmarket · #**172** 8th December 2007, 11:13 AM

Quote:

Originally Posted by darsh_goswami

I have found some coding which says that it will plot wolfwave on the chart . but the biggest problem is that i dunno in which language its written. And one more thing I can not code it even if i know. so need to take ur help. if anybody can do this for everyone whos metastock user.

The code you posted is in Tradestation Easylanguage, but it is incomplete, missing two functions. There are also too many nuances in Ww to be incorporated into that code. Please excuse me if this has been posted, but there are some simple metastock code out there: http://www.trader.online.pl/MSZ/e-w-...ve_Patern.html
http://www.amibrokerfan.com/forum/in...ic=405.msg2890

Code:

{ Wolfe Wave Patern}

Pa:=Trough(4,LOW,5);
Pb:=Peak(3,HIGH,5);
P1:=Trough(3,LOW,5);
P2:=Peak(2,HIGH,5);
P3:=Trough(2,LOW,5);
P4:=Peak(1,HIGH,5);
P5:=Trough(1,LOW,5);
tb:=TroughBars(1,LOW,5);
eki1:=If(tb<=4 AND p1 > pa AND pb < p2 AND p1 < p4 AND
p1 > p3 AND p3 > p5 AND p4 < p2,1,0);
p1:=Trough(3,LOW,5);
p3:=Trough(2,LOW,5);
p5:=Trough(1,LOW,5);
o1:=p1-p3;
o2:=p1-p5;
a1:=TroughBars(3,LOW,5)-TroughBars(2,LOW,5);
a2:=TroughBars(3,LOW,5)-TroughBars(1,LOW,5);
tan1:=o1/a1;
tan2:=o2/a2;
eki2:=Abs(tan1-tan2);
If(eki1 AND eki2 <= .2 ,2,0);

winstonn · #**173** 8th December 2007, 11:20 AM

Hi Darsh,
i beleive in simple, powerful and opinionless methods which are time tested.
WW's are among them , but people dont stick to the rules to earn big bucks!

Also patterens like H&S , double tops and bottoms, flags, cup and saucer are very useful but the key is to use them differently. Eg. not attacking on the pattern on immediate breakout! There are many diferent techniques i use to handle these patterns.

I cant comment on indicators as sole tool, because they tend to give the same market picture any time, which is missleading.

Take care,
Winston

tanewbie · #**174** 8th December 2007, 09:01 PM

Nifty developing WW in monthy charts

see chart

winstonn · #**175** 8th December 2007, 11:42 PM

Hi,

nifty monthly is certainly not a wolfe.
point 5 is unusually high above 1-3 trendline. Point 5 is highly unsymmetrical with 1 and 3 points.

Hey , hope you could learn and improve !

Take care,
Winston

Linus · #**176** 8th December 2007, 11:53 PM

Hi Winston, Where are you? LTNS. Wolfe trapper!

ss

winstonn · #**177** 9th December 2007, 11:30 AM

Hi Sunilda,

i am fine! long time to see you. And yeah! i really like your market internals though i am a silent reader of your thread.

Take care,
Winston

darsh_goswami · #**178** 21st February 2008, 02:47 PM

hey winston ,..

sorry bro .. was out for sometime. so couldnt be in touch with u... i want this thread to be alive .. will post new wolf identifications soon. but u please be here to guide us..

still there is lot more to learn by u sir. we need to sharpen our axes with the ease of ur knowledge base sir.

thanx ,..
regards,..
Darsh

darsh_goswami · #**179** 21st February 2008, 04:34 PM

Dear Members,..

I hereby posting today's 1 min chart of Light crude oil.

I think it has formed bullish WW. chart attached,.. plz comment.

Regards,..
Darsh

dsanjyot · #**180** 21st June 2008, 04:05 PM

Thanks for this forum.... I got to know about W/W from here wjile just curiously going thro the posts.... from that day I started studying and applying the knowledge.... and after almost one year I hv quite a confidence in it. Its not that easy but sure makes lot of sense those who r criticle abt calculations. once practiced well u can earn not only bread but butter and jam.... only keep a faith in ur ability and go on adjusting... finetuning ur knowledge..... does anybody track it still? I sincerely thank the Sr. members. viz... AJAX, SAINT, WINSTON etc. for all sharing ur knowledge.

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