dleather25
39 posts
msg #149087
- Ignore dleather25 |
9/12/2019 2:31:16 AM
Anyone know how to make a screener that resembles the Elliott 5 wave decline? I'm trying to wrap my brain around the coding and this is a bit more complicated than the filters I've created so far.
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KSK8
561 posts
msg #149091
- Ignore KSK8 |
9/12/2019 2:46:43 PM
Good luck..
I'll be impressed if anyone can manage to code even a small variation of the Elliot Wave Theory with SF's syntax. As to what I know, SF doesn't have the functions provided for it to be coded. However, there are softwares and online websites that offer what you are looking for. As far as Stockfetcher goes, I've been an advocate for more functions but I doubt SF will fulfill that prospect.
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xarlor
587 posts
msg #149095
- Ignore xarlor |
9/12/2019 6:52:27 PM
Since you asked for a decline, I took that to mean you wanted to ride the wave down. Here is a short filter based on the Elliot Wave Oscillator I just whipped up. I wouldn't hold any of these trades longer than a week or two as they tend to bounce back by then.
Here is the LONG version entry based off the same site:
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KSK8
561 posts
msg #149096
- Ignore KSK8 |
9/12/2019 10:09:51 PM
While the code above might find impulse and corrective waves, it isn't capable of identifying individual wave counts.
Now I'm no expert in the EWT, but if you want a code that can find a decline from Wave 5, a value-when function is needed which SF has yet to implement.
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dleather25
39 posts
msg #149098
- Ignore dleather25 |
9/12/2019 10:40:19 PM
Thanks xarlor for attempting, I was actually interested in using it to find bottom plays, to buy after an elliott 5 wave decline. I'm going to check it out though and see what I can find. KSK thanks for your input as well. I agree I wish they would add more features and coding options. So there are websites that have the elliott 5 wave theory already?
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dleather25
39 posts
msg #149099
- Ignore dleather25 |
9/12/2019 10:48:11 PM
Never thought about that, you could use Moving Averages as a way to simulate the Elliott 5 wave... maybe something like MA(10) is above MA(20) between 2 and 3 weeks ago (or maybe you could offset the chart to do that, and then have MA(10) cross below MA(20) then go above and then below. Could also have it declining at a slope and have it cross above and below MA's 5 times. How to code that would be difficult. What do y'all think?
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xarlor
587 posts
msg #149101
- Ignore xarlor |
9/13/2019 9:14:47 AM
It's not difficult to code that. I don't know that it returns what you're looking for, though.
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