Screener Elliott Wave Indicator

Hasardeur · 2016-10-12T14:27:51+00:00

Hallo all, the attached indicator is showing the Elliott waves in an horizontal layout. The indicator is working well. I would like to change the indicator into a Screener, showing the crossing over results for the last x (5) trading days backwards from the actual date. I have tried but the results are not matching. Could someone give me assistance? Many thanks in advanced. Best regards Hasardeur ------------------------------------------ // Elliott Wave Trend Indicator // ------------------------------------------ pr= 2 pr2= 10 EWpk2= HIGHEST[1](High) > (High)*(1-pr2)/100 EWtr2= LOWEST[1](Low) avg2[1]) THEN RetroSuccessSecret2= high ELSE RetroSuccessSecret2= Low ENDIF EW2=ZigZag[pr2](RetroSuccessSecret2) LRZZEW2= LinearRegressionSlope[pr](EW2) // -------------------------------- // START SCREENER BG_MV-EW Trend // -------------------------------- c111= LRZZEW2[1] crosses over 0 AND LRZZEW2[0] > 0.0 //c211= LRZZEW2[1] crosses under 0 AND LRZZEW2[0] LBday then event = 0 endif SCREENER[event]

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05/21/2019 at 8:50 AM #98959 quote

Nicolas
Keymaster

Legend

It uses ZigZag and they are always accurate in history, because the price is fixed in backtest. But this is not the same at all in live environment when the price is moving, the highest high and lowest low too, as well as the zigzag.

Abz thanked this post

05/21/2019 at 10:01 PM #99086 quote

GraHal
Participant

Master

Abz wrote:

but i may have missunderstood the indicator.

Put it on Forward Test and let us know how you get on?

05/21/2019 at 11:01 PM #99093 quote

Vonasi
Moderator

Master

If ever you see the word ZigZag in a topic, indicator or strategy then just run a mile. It is a re-painting indicator that makes the world look like a fantastic place to be and makes trading any market to be a piece of doddle.

ZigZag = run a mile and don’t waste any more time! It is a crystal ball that tells you all about the event long after the event has already happened.

06/28/2019 at 6:02 PM #101625 quote

Hasardeur
Participant

Average

Hallo GraHal,

Hallo robertogozzi,

Long time ago I have looked into the indicator.

You both have made a quite good job,
I have not seen the mistake in the code, many thanks for your correction.

I have made many experiments with ZigZag and in general I have to apply to Nicolas and Vonsai.
Nevertheless I am the meaning, that the indicator works quite good, perhaps the short timeframe of 2-4 has an influence.
I don’t know.

I would be happy if you test it a bit and post your experience.

Best Regards

Hasardeur
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