Help on Elliot25()

Hi Piyush,

I need a help from your code for Elliot waves for amibroker,

I have attached EOD data for Maruti on Elliot Waves, I have marked circle on the right top, could you explain
what is that elliot25()
what is C
what is Chart UP bar, Chart Inside bar and Chart out bar....

Thanks in advance

Re: Help on Elliot25() to Piyush Singh

Hi,
I told u last time too, that I am not an EWT user myself.
Other experienced members are there to help u out.
Vikram???
All the best!

Re: Help on Elliot25() to Piyush Singh

afl luks similar to an afl called ellot fractals available on the net....if it is then it identifies pivot points on the charts....
check the formula & ull find out why it is showing up.

HI...ITs the basic funda of the EWT that the upmoves and downmoves are defined by lines(moves) A B C, etc...where A is the first wave (Up) on an uptrend and vice versa.Similarly when u take a down move the wave C is the 3rd wave and in the case of maruti where is C is given as 608 which would be the target on teh downside before a upmove(wave) resumes....