Elliott Wave/Elliot Oscillator

ElliotWave · May 29 2006

hi all,

i would like to check if multichart has support for Elliott Wave/Elliot Oscillator? i couldn't find it in the list of indicators.

thank you in advance

Alex Kramer · May 29 2006

In our Knowledgebase there's code and a .ela file that can be imported into MultiCharts and adds an Elliott Wave System signal

http://www.tssupport.com/support/base/? ... le&id=1257

Please have a look and try whether those match your needs. Also, you can search in Google and, for instance, on TS forums for indicators, there exist freely available indicators for many analsis techniques.

ElliotWave · May 29 2006

thanks alex for the link.

i've imported elliotwv.ela into PowerLanguage Editor and compiled it but i couldn't find it in the add study window. did i do something wrongly?

btw, are there any training manual that i can take a look?

thanks for your help anyway.

Alex Kramer · May 29 2006

If it's been compiled successfully, it must be in the Add Study dialog in the Signal tab under the name Elliott Wave System.

I have not tested this, so I realy give no guarantees how will it perform, just as for any third-party indicator.

Guest · May 30 2006

please correct me if i did the compiling correct because i couldn't find it in my add study list

1) open powerlanguage editor
2) select import...
3) select elliotwv.ela (i put in on the desktop)
4) select the scripts to import (i only have functions selectable, the others are greyed out) & check compile on import
5) click ok

that's all.. right?

or could it be becuase i'm using the trial version, so it's not displaying?

Alex Kramer · May 30 2006

What version of MultiCharts are you using? I was able to import all components, there should be no limits for the trial version.

Guest · May 30 2006

i'm using MultiCharts 1.90.449.1165.

downloaded from http://tssupport.com/products/multichar ... charts.exe

Alex Kramer · Jun 05 2006

Version 1.90. 486.865 can be downloaded from http://topstep.com/MultiCharts.468.865.exe

Here's hints on how to perform a complete removal of the previous version:

If your existing version of MultiCharts crashed, froze or otherwise did not close properly, makes sure no processes are left lingering in the system. For simplicity, it would be better to begin reinstalling after rebooting the system.
Use the Control Panel->Add/Remove programs to uninstall the existing version. After uninstall completes, make sure no files are left in folders:
\Program Files\TS Support\MultiCharts
\Program Files\Common Files\TS Support \PLEditor
Then reinstall MultiCharts using the distributive from

http://tssupport.com/products/multichar ... charts.exe

traderwep · Jun 06 2006

hi i downloaded the elliot osc and it is installed under signals in multicharts. it does not display on the chart anywhere.

how to i get it to display. i am using version 1.90.449.1165

Alex Kramer · Jun 07 2006

Yes, sorry for recommending this... I went to check that signal and it turned our to be a strategy signal. Strategies are not yet supported in MultiCharts.

I'm looking for other Elliott wave code, but mostly I'm seeing offers for selling commercial solutions.

Chris · Jun 07 2006

Guys,

just rewrite the code to show plots instead of the Buy signals.

That should do the work.

Chris

miltonc4 · Oct 06 2007

Hi All

Endeavouring to get some form of elliott wave labelling into Multicharts

http://www.tssupport.com/support/base/? ... le&id=1257

The above link has some,but not all compiles,such as
*************************************
Elliott Wave System

Code: Select all

[LegacyColorValue = TRUE];



Inputs: Len(80), Trig(.7);



Vars: WavCount(0), Osc(0);



Osc = ElliottWaveOsc;

WavCount = Wave345Elliott(Len, Trig);



IF WavCount = 3 AND WavCount[1] <= 0 Then

	Buy Next Bar at Open;



IF WavCount = 5 AND WavCount[1] = 4 Then

	Buy Next Bar at Open;



IF WavCount = 3 AND WavCount[1] = 5 Then 

	Buy Next Bar at Open;



IF Osc < 0 Then

	ExitLong Next Bar at Open;

*******************************************	

	

Elliot Wave Test1....wont compile also



{SMAA_ElliottWaveOsc } 

Inputs: 

Length(5),

Trigger(14) ; 

Variables: 



tEWO(""),

EWN(0),

EWO(0) ;



EWO = ElliottWaveOsc ;

EWN = Wave345Elliott(Length,Trigger);



{ Alert criteria }



if ( EWN = 3 or EWN = 5 ) and EWO > 0 

then BEGIN

tEWO = "BUY";

Plot1( tEWO, "ELLIOTT",BLACK ) ;

SetPlotBGColor( 1, GREEN);

END;



if EWN=4 and EWO < 0 

then BEGIN

tEWO = "SHORT";

Plot1( tEWO, "ELLIOTT", BLACK ) ;

SetPlotBGColor( 1, GREEN);

END;





{https://www.TS.com/Discussions/Topic_Archive.aspx?Topic_ID=23246&SearchTerm=ELLIOTT%20OSCILLATOR

Inputs: 

Length(20),

Trigger(1) ; 

Variables: 

EWN(0),

EWO(0) ;



EWO = ElliottWaveOsc ;

EWN = Wave345Elliott(Length,Trigger);



if ( EWN = 3 or EWN = 5 ) and EWO >0 then

Buy next bar at market ;

if MarketPosition = 1 and EWO < 0 then

Sell next bar at market ;

if EWN=4 and EWO <0 then

SellShort next bar at market ;

if MarketPosition = -1 and EWO > 0 then

BuyToCover next bar at market ;

}



{ DEBUG }

Plot2( EWN, "EWN", WHITE ) ;

SetPlotBGColor( 2, BLACK);



Plot3( EWO, "EWO", WHITE ) ;

SetPlotBGColor( 3, BLACK);

Has anyone compiled these (I cant do it),or have other Elliott stuff they might share
Thanks
Milton

2haerim · Oct 07 2007

You cannot do this in MC unlike TS 8:

tEWO = "";
Plot1( tEWO, "ELLIOTT",BLACK ) ;

MC just does not support a string in parameter 1.

You will have to change it not using striing.

I hope MC supports the same as TS 8 does some time in the near future.

miltonc4 · Oct 09 2007

Hi 2haerim
Would you be able to do this for me,so it compiles in MCharts
Thanks
Milton

To TS Support,surely then,it would be to Multicharts advantage to support all the same programming features currently available in TS ?which would show and make MC is a better platform
Regards
Milton

Marina Pashkova · Oct 11 2007

Hi everybody,

We are working to get all the programming functions available in TS supported in MultiCharts.

Basically, when we decide what functions to add first we try to find out how popular they are. So we first add the functions that are used by most customers. Later we add the more specific ones. The function discussed in this thread is one of the less popular - that is why it hasn't been added yet. But as I mentioned, we are working to make MC as inclusive as possible.

Regards.

denizen2 · Oct 16 2007

Hi miltonc4, &others,

I have already looked at ElliottWave type 'indicators', such as the one you mentioned, plus the one presented in Perry Kauffman's book/CD, the 4th edition of his "New Trading Systems and Methods". I had no problem compiling the trade-station code from his CD, but my study of this approach (to automatic labeling of Elliottwave waves) did not yield anything that was useful. It looks like a complete waste of time to me, especially since even a casual perusal of most charts would show that the so-called Elliott Waves are only 'apparent' for a relatively small percentage of the time (less than 50%?). If this is the case, then such indicators are just automatically 'counting', or 'labeling' waves that should NOT even be included (i.e., just adding to the 'noise'?

).

Anyway, good luck with it. Maybe you will arrive at a different conclusion than me.

miltonc4 · Oct 19 2007

Hi denizen2
I acknowledge what you are saying, its just that in studying lower real time frames, with a version of advanced Get, that reads the global server data, there appears many safe trades, that are confirmed by the Elliott reading
Admittedly they change and different time frames give different results, but with some other things help
Still would love to be able to somehow find an ELa that plots Elliott waves, similar to Advanced Get inside MCharts
oH well
Regards
Milton

Kinko Hyo · Feb 07 2012

Hello,

the Elliott Wave System does not run in MS 7. Is that correct so, or is there an mistake?

Best regards

TJ · Feb 07 2012

Hello,

the Elliott Wave System does not run in MS 7. Is that correct so, or is there an mistake?

Best regards

which code are you referring to?

Kinko Hyo · Feb 08 2012

Hello TJ,

this one:

Code: Select all

{SMAA_ElliottWaveOsc }

Inputs:

Length(5),

Trigger(14) ;

Variables:



tEWO(""),

EWN(0),

EWO(0) ;



EWO = ElliottWaveOsc ;

EWN = Wave345Elliott(Length,Trigger);



{ Alert criteria }



if ( EWN = 3 or EWN = 5 ) and EWO > 0

then BEGIN

tEWO = "BUY";

Plot1( tEWO, "ELLIOTT",BLACK ) ;

SetPlotBGColor( 1, GREEN);

END;



if EWN=4 and EWO < 0

then BEGIN

tEWO = "SHORT";

Plot1( tEWO, "ELLIOTT", BLACK ) ;

SetPlotBGColor( 1, GREEN);

END;



{https://www.TS.com/Discussions/Topic_Archive.aspx?Topic_ID=23246&SearchTerm=ELLIOTT%20OSCILLATOR

Inputs:

Length(20),

Trigger(1) ;

Variables:

EWN(0),

EWO(0) ;



EWO = ElliottWaveOsc ;

EWN = Wave345Elliott(Length,Trigger);



if ( EWN = 3 or EWN = 5 ) and EWO >0 then

Buy next bar at market ;

if MarketPosition = 1 and EWO < 0 then

Sell next bar at market ;

if EWN=4 and EWO <0 then

SellShort next bar at market ;

if MarketPosition = -1 and EWO > 0 then

BuyToCover next bar at market ;

}



{ DEBUG }

Plot2( EWN, "EWN", WHITE ) ;

SetPlotBGColor( 2, BLACK);



Plot3( EWO, "EWO", WHITE ) ;

SetPlotBGColor( 3, BLACK);

Best regards

TJ · Feb 08 2012

Hello,

the Elliott Wave System does not run in MS 7. Is that correct so, or is there an mistake?

Best regards

What do you mean by "does not run" ?

Can't compile?
No image on screen?
Error message?
Wrong plots?

sptrader · Feb 08 2012

I believe that you're missing 2 functions: "ElliottWaveOsc" and "Wave345Elliott".

Code: Select all




EWO = ElliottWaveOsc ;

EWN = Wave345Elliott(Length,Trigger);