snorms elliot wave tool

[thestart]

Is there anybody that can explain how to use the elliott wave indicator that Steve sells? I bought It and do not know how to read It. On M5 USD/JPY @ 5:25 GMT I have a green #3 with a red circle below It and that circle has a red dot In It. This green #3 Is at the top of a green elliott wave with alligator open going up and above purple line. Within 45 min. the alligator Is going down and Is below purple line and crossing the 0 point of the ZL line and a fractal break happened above purple going down. I have another time with a red circle with a red #3 in it point Is I could write a book asking how to have all the different signals explained. There are black #4s red #5s green #5s red circles with dots in them and green circles with green dots in them what do you do with all this? When I saw green dots above candles I thought you might sell currency but the price is to far away from ZL line so what do you do with the signal at that point. And I have black #4s poping up all over the place above #3s in the middle of candles can anyone shed any light on this stuff PLEASE. I can not see the benefit of these numbers and dots without directions of how to use them.Has anyone figured this out. ~X( I was talking to Steve but I thought maybe this form of asking this question might be better and if it is not I apalogize. Is the answer to watch and see what It does? I am trying to use the elliot wave numbers that appear with timing an entry and I do not think It works that way I am just not sure I see a green #3 and the price starts to drop. Sometimes the price blows by the #3 and keeps going, I also see green #3 appear and price drops then red#3 appear and price goes up (I know Immy explains price does not go down or up only vibrates in different directions but it seems easier to explain using the words up and down sorry)But when the green #3 appears the price is at the top of a green elliot wave up very far from ao neutral line so according to aims we do not enter trade I am confused. I am watching and price seems to go away from dots when they appear Is this the concept enter trade away from dots when they appear maybe? :-bd

[snorm]

Is there anybody that can explain how to use the elliott wave indicator that Steve sells? I bought It and do not know how to read It. On M5 USD/JPY @ 5:25 GMT I have a green #3 with a red circle below It and that circle has a red dot In It. This green #3 Is at the top of a green elliott wave with alligator open going up and above purple line. Within 45 min. the alligator Is going down and Is below purple line and crossing the 0 point of the ZL line and a fractal break happened above purple going down. I have another time with a red circle with a red #3 in it point Is I could write a book asking how to have all the different signals explained. There are black #4s red #5s green #5s red circles with dots in them and green circles with green dots in them what do you do with all this? When I saw green dots above candles I thought you might sell currency but the price is to far away from ZL line so what do you do with the signal at that point. And I have black #4s poping up all over the place above #3s in the middle of candles can anyone shed any light on this stuff PLEASE. I can not see the benefit of these numbers and dots without directions of how to use them.Has anyone figured this out. ~X( I was talking to Steve but I thought maybe this form of asking this question might be better and if it is not I apalogize. Is the answer to watch and see what It does? I am trying to use the elliot wave numbers that appear with timing an entry and I do not think It works that way I am just not sure I see a green #3 and the price starts to drop. Sometimes the price blows by the #3 and keeps going, I also see green #3 appear and price drops then red#3 appear and price goes up (I know Immy explains price does not go down or up only vibrates in different directions but it seems easier to explain using the words up and down sorry)But when the green #3 appears the price is at the top of a green elliot wave up very far from ao neutral line so according to aims we do not enter trade I am confused. I am watching and price seems to go away from dots when they appear Is this the concept enter trade away from dots when they appear maybe? :-bd

Hi Jimmy

I am soooo glad that you eventually managed to get the indicators loaded, after the dozen or so emails that we exchanged

Did you do like I suggested and refer to the notes about eWaves here: http://www.for-exe.com/options-for-indicators.html" onclick="window.open(this.href);return false;

Did you have a look at some of the websites I suggested, here are some more for you:
http://www.tradingfives.com/articles/el ... llator.htm" onclick="window.open(this.href);return false;
http://www.elliottwave.com/freeupdates/ ... z2UhMEUN1E" onclick="window.open(this.href);return false;
http://www.esignal.com/support/advanced ... al_ch7.pdf" onclick="window.open(this.href);return false;

You'll find plenty of material if you google AO histogram elliott wave. eWaves is intended to simplify the interpretation of Elliott Wave counting using the AO Histogram and automate the target zones etc. To get the most from eWaves, you will do well to read some of the background material freely available on the internet and familiarise yourself with the concept.

There is also quite a lot of references within this forum, so please take some time to read as much as you can.

cheers
Steve
:-B

[snorm]

Have a look at these two pictures Jimmy, a recent example of how, using eWaves, you could have made +60pips trading EU H1

Pictures speak so much louder than words

[steviebforex]

Steve, I've just started using your ewave indicator and I noticed this error in the MT4 terminal - experts tab:

2013.05.29 20:25:04 Snorm eWAVES V1.0 EURUSDSB,M1: unknown subwindow number 2 for ObjectCreate function


Seems to be lots of them, I've also noticed that I don't have wave numbers displayed on the ewave indicator like the screenshots above, they are displayed correctly on the main price graph though.

[snorm]

Hi Steven

Please remove eWaves and the other indicator in the subwindows from your charts. Load eWaves then the other indicator (if you still need it) and all should be good.

Hope that works for you
Steve
:-B

[steviebforex]

That worked, thanks.

Steve

[immy]

Now That was Quick! Don't you think?

[steviebforex]

Super quick! First class support.

[francisrama]

Hi Steve (Snorm),

one quick question please = how can I apply a moving average to ewave? I tried and got below chart = negative stuffs seem to be flaten to zero (?)

Many thx in advance

Capture d’écran 2013-08-29 à 19.23.28.png

KR

[snorm]

Hi Steve (Snorm),

one quick question please = how can I apply a moving average to ewave? I tried and got below chart = negative stuffs seem to be flaten to zero (?)

Many thx in advance

Capture d’écran 2013-08-29 à 19.23.28.png

KR

Hi Fran

Good question .... I will have a play, when I'm back in front of the computer tomorrow, and get back to you.

Cheers
Steve