Wolfe Waves

uasish · #31 9th March 2007, 01:19 PM

Hi,
I always belief all learning are to be tested in actual mkt situation with money to find out the basic essence of it.Plz look at 1 min chart of Balarampur Chinni
(unfortunately i have only live PIB ,no back fill) & try to find out the Wolfe Wave if any ,however i think after crossing 59.30 (now iy is at 59.25) the 5th
projection it will rise upto 60.40.I have position in it. See what happens.

Asish

uasish · #32 9th March 2007, 01:36 PM

Hi,
Liquidated at 59.80 .In 1 lot it is already (+) 0.50 on 59.30 ,(+)0.85%.This sweet sense of actual money will keep this knowledge ingrained.Now you may ask why i liquidated ,becoz in actual mkt situation in intraday i have found Price touching the mid line (drawn from the vortex is 85% ) than attaining apex .

Asish

johnbest · #33 9th March 2007, 02:00 PM

dear friends

Here's a simple Metastock exploration for locating Wolf Wave patterns. It doesn't hit all that often, but when it does, it's best to pay attention.

---------------------------

Code:

ColA: WW

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);

tb<=4 AND

p1 > pa AND

pb < p2 AND

p1 < p2 AND

p1 < p4 AND

p1 > p3 AND

p3 > p5 AND

p4 < p2 AND

ColB: Tangents

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;

Abs(tan1-tan2)

Filter:

colA AND colB <= .2

and pls thanks for the formula to MR. GUPPY

have a nice day
JB (now a senior member.....this is my 100th post)

uasish · #34 9th March 2007, 02:30 PM

JB,
With this slight change in points parameter it made relatively better hit :
colA:
.......8.............
Pa:=Trough(4,LOW,.75);

Pb:=Peak(3,HIGH,.75);

P1:=Trough(3,LOW,.75);

P2:=Peak(2,HIGH,.75);

P3:=Trough(2,LOW,.75);

P4:=Peak(1,HIGH,.75);

P5:=Trough(1,LOW,.75);

tb:=TroughBars(1,LOW,.75);

tb<=4 AND

p1 > pa AND

pb < p2 AND

p1 < p2 AND

p1 < p4 AND

p1 > p3 AND

p3 > p5 AND

p4 < p2
................8...............
colB:
...................................8.............. ...
p1:=Trough(3,LOW,.75);

p3:=Trough(2,LOW,.75);

p5:=Trough(1,LOW,.75);

o1:=p1-p3;

o2:=p1-p5;

a1:=TroughBars(3,LOW,.75)-TroughBars(2,LOW,.75);

a2:=TroughBars(3,LOW,.75)-TroughBars(1,LOW,.75);

tan1:=o1/a1;

tan2:=o2/a2;

Abs(tan1-tan2)
......................................8........... ...............
colC:
...........................8...............
a1:=TroughBars(3,LOW,.75)-TroughBars(2,LOW,.75);

a2:=TroughBars(3,LOW,.75)-TroughBars(1,LOW,.75);
a1;
.....................8....................
colD:
...................8...................
p1:=Trough(3,LOW,.75);

p3:=Trough(2,LOW,.75);

p5:=Trough(1,LOW,.75);

o1:=p1-p3;

o2:=p1-p5;
o1;
........................8........................
colE:
L
colF
C
...........................................
Now without the filter see the thing with say only Nifty stocks you will get a feel.

Asish

anjanr · #35 9th March 2007, 10:26 PM

Hi
Can we equivalent amibroker code also
ANjan

uasish · #36 10th March 2007, 08:35 AM

Hi,
Eveready Industries (Wkly): H & S ,now on at R shoulder area .
OR
(Dly): Wolfe Wave on 5th Leg ?
Observations & comments plz.

Asish

johnbest · #37 10th March 2007, 10:00 AM

dear uasish,

I am not using MS regularly, instead using Amibroker. While surfing I got this code hence posted here....Thanks for updating it.....

BTW, it would be more helpful for other members (including me

), if
you elaborate on the result. I am unable to understand the result of this
code......what does Col A, Col B etc means?

Have a nice day
JB

uasish · #38 10th March 2007, 03:07 PM

Quote:

Originally Posted by johnbest

dear uasish,

I am not using MS regularly, instead using Amibroker. While surfing I got this code hence posted here....Thanks for updating it.....

BTW, it would be more helpful for other members (including me

), if
you elaborate on the result. I am unable to understand the result of this
code......what does Col A, Col B etc means?

Have a nice day
JB

ColA : Important (it only gives 1 when it identifies a set up for the
Wolfe Wave otherwise gives 0 )
ColB : This is important ,becoz here the Degree of the slope(the probable
line between Wave 1 to Wave 4 to project Wave 5 ) that matching
degree ,has to be below 0.2, to authenticate a set up.
The best possible out come has to be ColA=1 & ColB <= 0.2.
For that reason in the Filter Col : colA and ColB < 0.2

Asish

johnbest · #39 10th March 2007, 05:50 PM

dear uasish

gr8 work.....thnks a lot dear

have a nice day
Jb

fcg237 · #40 12th March 2007, 08:44 AM

Who do i use this explorer??? I have already created a exploration, but i don't how to use it! How does it work? Should i choose a smart chart first? Please help me!

Thanks.

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