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Elliott Wave System

2,428 bytes added, 13:37, 14 October 2013
Created page with "Article/Author: Futures Magazine, 04/1996 '''Download''': [https://dl.dropboxusercontent.com/u/36949839/Elliott%20Wave%20System.pla Elliott Wave System] '''ELLIOTTREND FUNCT..."
Article/Author: Futures Magazine, 04/1996
'''Download''': [https://dl.dropboxusercontent.com/u/36949839/Elliott%20Wave%20System.pla Elliott Wave System]

'''ELLIOTTREND FUNCTION CODE'''

<SYNTAXHIGHLIGHT>
INPUTS: LEN(NUMERIC), TRIGGER(NUMERIC);



VARS: TREND(0), OSC(0);



OSC = ELLIOTTWAVEOSC;



IF OSC = HIGHEST(OSC, LEN) AND TREND = 0 THEN

TREND = 1;



IF OSC = LOWEST(OSC, LEN) AND TREND = 0 THEN

TREND = -1;



IF LOWEST(OSC, LEN) < 0 AND TREND = -1 AND OSC > -1 * TRIGGER * LOWEST(OSC, LEN) THEN

TREND = 1;



IF HIGHEST(OSC, LEN) > 0 AND TREND = 1 AND OSC < -1 * TRIGGER * HIGHEST(OSC, LEN) THEN

TREND = -1;



ELLIOTTTREND = TREND;
</SYNTAXHIGHLIGHT>

'''ELLIOTTWAVEOSC FUNCTION CODE'''
<SYNTAXHIGHLIGHT>
VARS: OSC535(0), PRICE(0);



PRICE = (H+L)/2;



IF AVERAGE(PRICE, 35) <> 0 THEN

OSC535 = AVERAGE(PRICE, 5) - AVERAGE(PRICE, 35);



ELLIOTTWAVEOSC = OSC535;
</SYNTAXHIGHLIGHT>

'''WAVE345ELLIOTT FUNCTION CODE'''
<SYNTAXHIGHLIGHT>
INPUTS: LEN(NUMERIC), TRIG(NUMERIC);



VARS: ET(0), PRICE(0), OSC(0), WAVE(0), HIOSC(-999), HIOSC2(-999), HIPRICE(-999), HIPRICE2(-999);



OSC = ELLIOTTWAVEOSC;



PRICE = (HIGH + LOW) / 2;



ET = ELLIOTTTREND(LEN, TRIG);



IF ET = 1 AND ET[1] = -1 AND OSC > 0 THEN BEGIN

HIOSC = OSC;

HIPRICE = PRICE;

WAVE = 3;

END;



IF WAVE = 3 AND HIOSC < OSC THEN

HIOSC = OSC;



IF WAVE = 3 AND OSC <= 0 AND ET = 1 THEN

WAVE = 4;



IF WAVE = 4 AND PRICE = HIGHEST(PRICE, 5) AND OSC >= 0 THEN BEGIN

WAVE = 5;

HIOSC2 = OSC;

HIPRICE2 = PRICE;

END;



IF WAVE = 5 AND HIOSC2 < OSC THEN

HIOSC2 = OSC;



IF WAVE = 5 AND HIPRICE2 < PRICE THEN

HIPRICE2 = PRICE;



IF HIOSC2 > HIOSC AND WAVE = 5 AND ET = 1 THEN BEGIN

WAVE = 3;

HIOSC = HIOSC2;

HIPRICE = HIPRICE2;

HIOSC2 = -999;

HIPRICE2 = -999;

END;



IF ET = -1 AND WAVE = 5 THEN BEGIN

WAVE = -3;

HIOSC = -999;

HIPRICE = -999;

HIOSC2 = -999;

HIPRICE2 = -999;

END;



WAVE345ELLIOTT = WAVE;
</SYNTAXHIGHLIGHT>

'''ELLIOTT WAVE SYSTEM STRATEGY CODE'''

<SYNTAXHIGHLIGHT>
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

SELL NEXT BAR AT OPEN;
</SYNTAXHIGHLIGHT>

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