Wolfe Waves

[bapu4]

Re: Wolf Wave

JB,
With this slight change in points parameter it made relatively better hit :
colA:
.......8.............
Pa:=Trough(4,LOW,.75);

Pb:=Peak(3,HIGH,.75);

P1:=Trough(3,LOW,.75);

P2:=Peak(2,HIGH,.75);

P3:=Trough(2,LOW,.75);

P4:=Peak(1,HIGH,.75);

P5:=Trough(1,LOW,.75);

tb:=TroughBars(1,LOW,.75);

tb<=4 AND

p1 > pa AND

pb < p2 AND

p1 < p2 AND

p1 < p4 AND

p1 > p3 AND

p3 > p5 AND

p4 < p2
................8...............
colB:
...................................8.................
p1:=Trough(3,LOW,.75);

p3:=Trough(2,LOW,.75);

p5:=Trough(1,LOW,.75);

o1:=p1-p3;

o2:=p1-p5;

a1:=TroughBars(3,LOW,.75)-TroughBars(2,LOW,.75);

a2:=TroughBars(3,LOW,.75)-TroughBars(1,LOW,.75);

tan1:=o1/a1;

tan2:=o2/a2;

Abs(tan1-tan2)
......................................8..........................
colC:
...........................8...............
a1:=TroughBars(3,LOW,.75)-TroughBars(2,LOW,.75);

a2:=TroughBars(3,LOW,.75)-TroughBars(1,LOW,.75);
a1;
.....................8....................
colD:
...................8...................
p1:=Trough(3,LOW,.75);

p3:=Trough(2,LOW,.75);

p5:=Trough(1,LOW,.75);

o1:=p1-p3;

o2:=p1-p5;
o1;
........................8........................
colE:
L
colF
C
...........................................
Now without the filter see the thing with say only Nifty stocks you will get a feel.

Asish

Dear Ashish,
I tried to run this AFL in Amibriker !! It gives some errors like 'colA not initialized ' !! Can u please make the desired changes in the AFL and post here again ?

regards.

 

[a1b1trader]

Hi Vivek

This code is not meant for Amibroker but Metastock.

 

[bapu4]

I am posting NTPC daily chart !! Plz check if this is a wolve wave ?

@a1b1- I have put Ichimoku because i get some space to work between the vertical price scale and the latest candle !! So it has nothing to do with my study !!

-Vivek

 

[a1b1trader]

Sorry Vivek

This is no ww.
There is no point 5 formed/near formation

Moreover,
In principle,
I neither post nor discuss hypothetical/future wws.

There are around 100-150 popular scrips and we have 6-7 popular time frames, on which we normally chart wws.
And so if we start posting/discussing a ww at point 4 itself then every other chart will have either -ww or + ww.

BTW, if you are so sure that NTPC will fall to <120 levels then why waiting for a +ww.

 

[a1b1trader]

Vivek

You posted the chart for a future ww.
But, have you noticed that the price close of 138 in NTPC was just target of a +ww.

 

[santhosh2010]

made high 654.75

 

[bapu4]

Hia1b1,
I had noticed that.
thanx

 

[a1b1trader]

It seems no one is willing to post wws in the thread.

 

[a1b1trader]

Tomorrow we may have Gap Down opening, or Nifty may move downward after opening,

NF -ww 3 min target 5850 17.9.13

Uploaded with ImageShack.us

Also

BANKNIFTY FUT -ww 3/5 min tgt 10250 17.9.13
NF -ww 3 min tgt 5825 17.9.13

 

[mozillan]

Is this a Wolfe Wave on BPCL Daily chart?