simple steps to identifty Wolfe

[tmarket]

I have found some coding which says that it will plot wolfwave on the chart . but the biggest problem is that i dunno in which language its written. And one more thing I can not code it even if i know. so need to take ur help. if anybody can do this for everyone whos metastock user.

The code you posted is in Tradestation Easylanguage, but it is incomplete, missing two functions. There are also too many nuances in Ww to be incorporated into that code. Please excuse me if this has been posted, but there are some simple metastock code out there: http://www.trader.online.pl/MSZ/e-w-Wolfe_Wave_Patern.html
http://www.amibrokerfan.com/forum/index.php?topic=405.msg2890

{ Wolfe Wave Patern}

Pa:=Trough(4,LOW,5);
Pb:=Peak(3,HIGH,5);
P1:=Trough(3,LOW,5);
P2:=Peak(2,HIGH,5);
P3:=Trough(2,LOW,5);
P4:=Peak(1,HIGH,5);
P5:=Trough(1,LOW,5);
tb:=TroughBars(1,LOW,5);
eki1:=If(tb<=4 AND p1 > pa AND pb < p2 AND p1 < p4 AND
p1 > p3 AND p3 > p5 AND p4 < p2,1,0);
p1:=Trough(3,LOW,5);
p3:=Trough(2,LOW,5);
p5:=Trough(1,LOW,5);
o1:=p1-p3;
o2:=p1-p5;
a1:=TroughBars(3,LOW,5)-TroughBars(2,LOW,5);
a2:=TroughBars(3,LOW,5)-TroughBars(1,LOW,5);
tan1:=o1/a1;
tan2:=o2/a2;
eki2:=Abs(tan1-tan2);
If(eki1 AND eki2 <= .2 ,2,0);

 

[winstonn]

Hi Darsh,
i beleive in simple, powerful and opinionless methods which are time tested.
WW's are among them , but people dont stick to the rules to earn big bucks!

Also patterens like H&S , double tops and bottoms, flags, cup and saucer are very useful but the key is to use them differently. Eg. not attacking on the pattern on immediate breakout! There are many diferent techniques i use to handle these patterns.

I cant comment on indicators as sole tool, because they tend to give the same market picture any time, which is missleading.

Take care,
Winston

 

[tanewbie]

Nifty developing WW in monthy charts

see chart

 

[winstonn]

Hi,

nifty monthly is certainly not a wolfe.
point 5 is unusually high above 1-3 trendline. Point 5 is highly unsymmetrical with 1 and 3 points.

Hey , hope you could learn and improve !

Take care,
Winston

 

[Linus]

Hi Winston, Where are you? LTNS. Wolfe trapper!

ss

 

[winstonn]

Hi Sunilda,

i am fine! long time to see you. And yeah! i really like your market internals though i am a silent reader of your thread.

Take care,
Winston

 

[darsh_goswami]

hey winston ,..

sorry bro .. was out for sometime. so couldnt be in touch with u... i want this thread to be alive .. will post new wolf identifications soon. but u please be here to guide us..

still there is lot more to learn by u sir. we need to sharpen our axes with the ease of ur knowledge base sir.

thanx ,..
regards,..
Darsh

 

[darsh_goswami]

Dear Members,..

I hereby posting today's 1 min chart of Light crude oil.

I think it has formed bullish WW. chart attached,.. plz comment.

Regards,..
Darsh

 

[dsanjyot]

Thanks for this forum.... I got to know about W/W from here wjile just curiously going thro the posts.... from that day I started studying and applying the knowledge.... and after almost one year I hv quite a confidence in it. Its not that easy but sure makes lot of sense those who r criticle abt calculations. once practiced well u can earn not only bread but butter and jam.... only keep a faith in ur ability and go on adjusting... finetuning ur knowledge..... does anybody track it still? I sincerely thank the Sr. members. viz... AJAX, SAINT, WINSTON etc. for all sharing ur knowledge.

 

[darsh_goswami]

Thanks for this forum.... I got to know about W/W from here wjile just curiously going thro the posts.... from that day I started studying and applying the knowledge.... and after almost one year I hv quite a confidence in it. Its not that easy but sure makes lot of sense those who r criticle abt calculations. once practiced well u can earn not only bread but butter and jam.... only keep a faith in ur ability and go on adjusting... finetuning ur knowledge..... does anybody track it still? I sincerely thank the Sr. members. viz... AJAX, SAINT, WINSTON etc. for all sharing ur knowledge.

Yes Dsanjyot ,.
Still some wolves here ,.. Will try to bang this thread once again with new identifications in wolf.

Need people like u to continue latest wolves..

Hope for the best ...
Posting new wolf charts soon..
Regards,
Darsh