Elliott Wave Labelling

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Viewing 8 posts - 1 through 8 (of 8 total)
  • 04/14/2019 at 2:39 AM #96373
    Jay Mclean Smith

    HI,

    Does anyone know if there is a easier way to label Elliott Waves on prorealtime….Other than individually clicking the Text icon for each different series of numbers and letters used for Elliott Wave.

    I was looking for something that has a range of Elliott Wave labels attached to the page / chart that you just drag down onto the chart and place where you think they go.

    1 user thanked author for this post.
    avatar Ciccio
    04/14/2019 at 9:57 AM #96383
    GraHal

    Great idea! … please send it to PRT direct via the Blue Suggestion Box.

    Also copy same suggestion / wording to the Topic on the link below.

    GraHal wrote:

    I post my suggestions for improvement via the blue Suggestions Box under the photo on the link below.

     

    04/14/2019 at 11:59 AM #96385
    robertogozzi

    Upcoming v. 11 will provide tools to better identify and label formations and patterns https://www.prorealcode.com/topic/prorealtime-v11-is-coming-soon/page/3/#post-90841.

    1 user thanked author for this post.
    avatar GraHal
    04/14/2019 at 12:30 PM #96387
    Nicolas

    I confirm that Eliott Waves analysis tool with automatic labeling of waves is a tool available in version 11. I’m not an Eliott waves specialist, so I can’t provide any accuracy comparison though.

    04/14/2019 at 1:10 PM #96396
    GraHal

    Wow … automatic labeling of elliott waves … that sounds real good!

    I often use elliott waves when I manual trade; labeling is an admin pain / slower down, but without labels you get in a mess and have to try and work it out on every new screen / timeframe etc.

    04/14/2019 at 1:38 PM #96401
    Nicolas

    You still need to click on the tops and bottoms! The tool is not automatically retrieving the waves for you!

    1 user thanked author for this post.
    avatar GraHal
    09/04/2019 at 2:03 PM #106488
    s00071609

    Was checking the Version 11 as I am looking to switch to Pro real time. Elliott wave tool is a must have feature. The problem i am seeing in version 11 is that the tool does not allow labelling of major and minor waves with correct labelling scheme. For all waves, it has same labels ie. 1,2,3,4,5 ABC – but when you are labelling multiple wave degrees, I am not sure how this labelling works – most traders using elliott wave will have no option than to use the text and numbers to create proper lablels.

     

    How will you distinguish Weekly level waves from daily, hourly, 5 min, min – these are all different degrees and need to be labelled correctily to make it easier. Elliott is already complex and having same label in all degree wave will make life hell. I have been using elliott for a while, i cannot make use of the tool, its not useful. You can used different sized labels, but I dont think thats going to help.

    I am not sure why ability to change the wave labels has been provided, or ability to choose pre-defined labels of different degree is provided. Trading view has this feature and should be compulsory – otherwise the feature becomes pretty much useless with multiple wave degrees.

    Hope this will be taken into consideration.

    09/04/2019 at 2:09 PM #106490
    GraHal
    s00071609 wrote:

    Hope this will be taken into consideration

    Send your suggestion to PRT via the direct to PRT Form below. You only need to refer them to this post as you have said it all in the post above.

    https://www.prorealtime.com/en/contact?suggestion=1

     

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