ubertraader
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I remember a bit more about Delta.
there was a set number of colors(don*t remember) in a specific order placed on specific dates(given by Wilder) and the turning point for every markets were given with their relative position to the colored lines.
lets say the colors were green(G) orange(O) blue(B) yellow(Y)
the turning points were listed like the following:
ON A DAILY CHART
G-5 turning point is 5 days before the green line
G+8 turning point is 8 days after the green line
O-1 turning point is 1 day before the orange line
O+3 turning point is 3 days after the orange line
B-4 turning point is 4 days before the blue line
B+2 turning point is 2 days after the blue line
Y+0 turning point is exactly on the yellow line
Y+7 turning point is 7 days after the yellow line
if the Delta point was pushed, it was considered a strong market.
The turning points were rarely were they were supposed to, you always had to interpret(a la Elliott Wave) the position turning point.
There were additional "alternate" point(not sure if it is the right term) that were used to correct the count to make it fit the Delta model...A complete mess if you ask me.
there was a set number of colors(don*t remember) in a specific order placed on specific dates(given by Wilder) and the turning point for every markets were given with their relative position to the colored lines.
lets say the colors were green(G) orange(O) blue(B) yellow(Y)
the turning points were listed like the following:
ON A DAILY CHART
G-5 turning point is 5 days before the green line
G+8 turning point is 8 days after the green line
O-1 turning point is 1 day before the orange line
O+3 turning point is 3 days after the orange line
B-4 turning point is 4 days before the blue line
B+2 turning point is 2 days after the blue line
Y+0 turning point is exactly on the yellow line
Y+7 turning point is 7 days after the yellow line
if the Delta point was pushed, it was considered a strong market.
The turning points were rarely were they were supposed to, you always had to interpret(a la Elliott Wave) the position turning point.
There were additional "alternate" point(not sure if it is the right term) that were used to correct the count to make it fit the Delta model...A complete mess if you ask me.