I found the following formulas on the web for the three EW indicators in FXCM
1. Elliot Wave oscillator (EWO)
Parameters: hasn't parameter.
Calculation: EWO (i) = MVA((high + low) / 2, 5) - MVA((high + low) / 2, 35).
2. Elliot Wave trend (EWTREND)
Parameters: N - number of periods, TR - trigger.
Calculation: EWTREND (i) = f (last(i), high(i), low(i), TR), where f is logical
expression,
high(i) = max (last(j)), low(i) = min (last(j)), j = [i - N, i],
last(j ) = MVA((high + low) / 2, 5) - MVA((high + low) / 2, 35).
3. Elliot Wave number (EWN)
Parame ters: N - number of periods, TR - trigger.
Calculation: EWN (i) = f (last(i), high(i), low(i), TR), where f is logical
expression,
high(i) = max (last(j)), low(i) = min (last(j)), j = [i - N, i],
last(j) = MVA((high + low) / 2, 5) - MVA((high + low) / 2, 35).
I am trying to code these for Metastock and have only been successful in number 1. Any ideas?
Naj