Hallo,

can you help please. I have this problem; I want to explore an indicator builder formula in the Explorer. I tried it again and again. But I never solved it. The results in the inner window of the chart are always not the equal with the results of Explorer. I do not know why.

Now the formula in the builder (the "Elliot Wave minimum % move" is 10):

{ User input }

pr:=Input("Elliot Wave minimum % move",

.001,100,2);

{ Beginner Elliot Wave stuff }

EWpk:=PeakBars(1,H,pr)=0;

EWtr:=TroughBars(1,L,pr)=0;

{ Intermediate Elliot Wave stuff }

zz:=Zig(C,pr,%);

zzHi:=Zig(H,pr,%);

zzLo:=Zig(L,pr,%);

avg:=(zzHi+zzLo)/2;

{ Advanced Elliot Wave stuff }

RetroSuccessSecret:=If(EWpk,zzHi,

If(EWtr,zzLo,If(avg>Ref(avg,-1),H,L)));

EW:=Zig(RetroSuccessSecret,pr,%);

{ Plot on price chart }

EW

In the Explorer I tried with fml(“Elliot Wave”), or fmlVar(“Elliot Wave”,”EW”) but it did not work correctly – different results. Can you help to convert the formula to the explorer language?

Thank you very, very much in advance.

Kindest regards

borsaholic

Hi,

thank you for your prompt reply. I tried your suggestions, here with daily explorations. Now, I have Metastock 10 RT. Unfortunately, nothing has changed – the problem is still there. It makes sense to me that the indicator builder formula language method is different as the formula method language in the Explorer. But I think, it can be converted i.e. translated – the formula would have to be changed. How, I don't know. Have you other recommendations?

Thank you.

Hi,

I had already tried that too. No, the exploration results are different as in the chart. It is to despair.

I think Metastock can not inspire. Hope further, in this forum I find help.

Many Greetings

OK. Step by step I will try to understand and write the following formula in the table of the Explorer. But before I edit, I choose the "Options ..." button. Now I am in explorer options and load 1250 records. Daily values are being analyzed. Hope it does not change at hourly rates. Now the formula, as you had told me:

{ Beginner Elliot Wave stuff }

pr:=10;

EWpk:=PeakBars(1,H,pr)=0;

EWtr:=TroughBars(1,L,pr)=0;

{ Intermediate Elliot Wave stuff }

zz:=Zig(C,pr,%);

zzHi:=Zig(H,pr,%);

zzLo:=Zig(L,pr,%);

avg:=(zzHi+zzLo)/2;

{ Advanced Elliot Wave stuff }

RetroSuccessSecret:=If(EWpk,zzHi,

If(EWtr,zzLo,If(avg>Ref(avg,-1),H,L)));

EW:=Zig(RetroSuccessSecret,pr,%);

{ Plot on price chart }

EW

Is that OK? I've already tried it, but the results in the diagram are different.

I did everything you recommended. Exploration for the current day (e.g., today) matches the values with the chart values. But if I only test one day back, then the values are no longer correct. I tried a lot. No solution found. Now I ask, what's up?

From a reputable program, I can expect calculations based on a formula to give the same values (points) - both in the indicator builder and in Explorer. If I can not test back or the handling is not user friendly, what should this program do? After all, you do not want to deal with the program as much more with the stock.

It is useless and is just gimmick. Once I made the mistake of paying $ 1000 for this toy. Never again! In addition, the program is not innovative at all. Elliot waves - not in the standard program, such as at El Wave (Prognosis) explorable and much more. I have tested many programs, and what a regular investor gets to buy is mostly bauble. The program makers are not open. If you combined only the respective strengths of these programs, it would be a huge progress. But you could still produce better, much better programs.

Of course, there would be such a program, with which you can really get profits - can, not could - up to 30% per month and maybe more, so in 5 months the quintuple. But this program would be worth $ 100,000. Standard investors might hardly afford it. And such or similar program exists. If I had 10 programmers and mathematicians who also had an understanding of exchanges or stock histories (so fundamental and technical analysis), I would be able to launch such a program in just 2 years - yes, hard work. I myself have programming skills, do not be fooled.

Nevertheless, thank you for your help and best regards.

borsaholic

I Thing the same thing is here too:

{ User input }

pr:=12;

{ Elliot Wave engine }

EWpk:=PeakBars(1,H,pr)=0;

EWtr:=TroughBars(1,L,pr)=0;

zz:=Zig(C,pr,%);

zzHi:=Zig(H,pr,%);

zzLo:=Zig(L,pr,%);

avg:=(zzHi+zzLo)/2;

RetroSuccessSecret:=If(EWpk,zzHi,

If(EWtr,zzLo,If(avg>Ref(avg,-1),H,L)));

EW:=Zig(RetroSuccessSecret,pr,%);

{ Buy/Sell Elliot Wave stuff }

EWbuy:=TroughBars(1,EW,pr)=0;

EWsell:=PeakBars(1,EW,pr)=0;

{ Plot on own window }

Ewbuy-EWsell;

In the chart it plotted the binary like +1, -1 and 0, but in the explorer it will be not calculated. Is it right? Very pity.

Thanks.

Thank you for your prompt reply.

Can you give me an example of how to implement your proposal, using the formula.

I put the formula into one column (i.e. K) and leaved the Filter tab empty. But it does not work.