FX5 Neely Elliott Wave Indicator

New comment
 

Hello folks!

Is there anyone on this forum who knows how this indicator works?

You can post here or you pm me.

Thanks!

fx5_neelyelliotwave_v1.2.mq4

 
shilox:
Hello folks!

Is there anyone on this forum who knows how this indicator works?

You can post here or you pm me.

Thanks!

fx5_neelyelliotwave_v1.2.mq4

It is supposed to work as it is described in this book : Mastering Elliot Wave: Presenting the Neely Method: The First Scientific, Objective Approach to Market Forecasting with the Elliott Wave Theory (version 2): Glenn Neely, Eric Hall: 9780930233440: Amazon.com: Books

 

And some more info :

 

The "Mastering Elliot Wave: Presenting the Neely Method: The First Scientific, Objective Approach to Market Forecasting by Glenn Neely and Eric Hall" book : download link

This work presents the first scientific, objective approach to market forecasting with the Elliott Wave Theory. The Theory, as introduced by R.N. Elliott in the early 1930's, defines, quantifies and classifies the seemingly random undulations of mass psychology (market action) into visual patterns.

Unfortunately, in its original form, many concepts and ideas concerning real-time application of the Elliott Wave Theory were left to the analyst to discover. After over a decade of exhaustive research, real-time trading and teaching, author Glenn Neely has greatly expanded upon and refined the concepts first discovered by R.N. Elliott to help you more accurately apply them to your trading and investments. For the first time, these concepts are presented in a logical, step-by-step fashion in the actual order they should be applied to a chart. Consequently, all guess work typically associated with the Wave Theory has been eliminated for you.

If you yearn for both a greater understanding of the dynamics of price action and an ability to accurately forecast future price action, this book will help you achieve that goal like no other. It is widely regarded as the most complete explanation of Elliott Wave Theory available...and a feast for both novice and experienced Elliotticians alike.
 

aren't there too much books promising high heavens on forex already? guess we need a thread for all this bogus promises

 
drunkpips:
aren't there too much books promising high heavens on forex already? guess we need a thread for all this bogus promises

:):)

At least now we have all the information needed Anyway, the guy was looking for info, and now I think he can decide based on that (sometimes it is the hardest to find exact information about what we want to know)

 

atleast it could be summarized in few words since it has been coded into an indicator

 
drunkpips:
atleast it could be summarized in few words since it has been coded into an indicator

In a few words : it is a highest high and lowest low based indicator (all in all, a kind of a multi time frame zigzag), but what does it tell to anybody and would anybody believe that it is just that?

 

that alone is word enough for the interested

 

Thank you fellas; mladen and drunkpips for this piece of information.

 

Hi Mr. Mladen

How do I get the last value of QuarterDailyWaves (A, B, C, D and so on) and the final value of QuarterDailySwings (1, 2, 3, 4 and so on)

Thank you in advance.

Files:
eurusdm15_3.png  14 kb
12
New comment