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Neowave and Glenn Neely

  • #141
  • Aug 24, 2010 4:27am Aug 24, 2010 4:27am
Still don't seem to be able to find any information on this. Shame as I can't really go any further until I can figure it out. Perhaps if I post an example of the chart with a monowave indicator that I'm currently building, what I'm asking will make more sense.

The attached file contains a chart in which the boxes represent the directional action (drawn by myself using metatrader 5). However, to apply the Rule of Neutrality and other rules, I have to first apply the Rule of Proportionality.

However, this brings me to my first problem. Which of the boxes (1 to 6) do I use for applying the ROP? Or do I simply apply the ROP to the whole graph (which, as I can tell, would go against the directionality)? From what I can gather, I would apply the ROP using the directional action in box 6, and then use the scale obtained from that, to apply the RON to the rest of the graph.

But I could very easily be wrong. Any information on this would be great.

Regards,

Steven
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH1.png Size: 44 KB
  • #142
  • Sep 1, 2010 11:19pm Sep 1, 2010 11:19pm
Hi guys,

Can share excel spreadsheet for plotting Neowave??

Rgds
  • #143
  • Nov 15, 2010 8:33am Nov 15, 2010 8:33am
Hi,
could anyone send me a good tested neowave indicator. I tried to use FX5 indicator posted in this forum but according to me it is not correct.
Will appreciate if anyone can help me.

Thank you.
  • #144
  • Nov 16, 2010 8:23am Nov 16, 2010 8:23am
Quoting tanybg
Hi,
could anyone send me a good tested neowave indicator. I tried to use FX5 indicator posted in this forum but according to me it is not correct.
Will appreciate if anyone can help me.

Thank you.
You need MonoWaves indicator?
  • #145
  • Nov 16, 2010 10:12am Nov 16, 2010 10:12am
Yes man I need mono wave indicator. I am trying to use FX5_ElliotNeely indicator but somehow it is not very accurate. Could you please help
  • #146
  • Nov 16, 2010 2:48pm Nov 16, 2010 2:48pm
Quoting tanybg
Yes man I need mono wave indicator. I am trying to use FX5_ElliotNeely indicator but somehow it is not very accurate. Could you please help
Check screenshot, there is no structure labels there, just monowaves and rule of neutrality. Is it ok for you?
Attached Image (click to enlarge)
Click to Enlarge Name: Screen shot 2010-11-16 at 9.44.40 PM.png Size: 84 KB
  • #147
  • Nov 17, 2010 6:04am Nov 17, 2010 6:04am
Quoting ph3onix
Check screenshot, there is no structure labels there, just monowaves and rule of neutrality. Is it ok for you?
Yes Perfect. Pease send it
  • #148
  • Nov 17, 2010 11:28am Nov 17, 2010 11:28am
ph3onix,

i doubt that anybody can trade the monowave pattern shown in #146 with profit. Which monwaves did you present: m-1, m-2, m-3 or anything else ?? According to which Neely rule ?

Sixer
  • #149
  • Nov 17, 2010 1:07pm Nov 17, 2010 1:07pm
Quoting Sixer
ph3onix,

i doubt that anybody can trade the monowave pattern shown in #146 with profit. Which monwaves did you present: m-1, m-2, m-3 or anything else ?? According to which Neely rule ?

Sixer
Sorry? Don't understood your question. In #146 we can see mono waves created using all NEoWave rules for plotting charts. There is no defined pattern there.
  • #150
  • Nov 17, 2010 4:00pm Nov 17, 2010 4:00pm
ph3onix,

i think, you got my point of view. I received in 2009 from Glenn the information that the S&P is less predictable than 2002. Is his forecast by using the monowaves or NRT technology better now ?? Or, are you claiming to be better than him ?

http://yfrog.com/4921786893g

Sixer
  • #151
  • Nov 17, 2010 5:25pm Nov 17, 2010 5:25pm
Quoting Sixer
ph3onix,

i think, you got my point of view. I received in 2009 from Glenn the information that the S&P is less predictable than 2002. Is his forecast by using the monowaves or NRT technology better now ?? Or, are you claiming to be better than him ?

http://yfrog.com/4921786893g

Sixer
What are you talking about???! I've just showed up how mono waves indicator looks like, because user tanybg asked! I sad NOTHING about S&P (btw on screenshot is EURUSD, Daily). And i sad NOTHING about prediction.

Man, you're out of toppic! I respect Glenn's ideas and of course NEoWave and NRT. But NRT is a trading technology and NEoWave is forecasting technology.

I can't understand what wrong with you?
  • #152
  • Nov 18, 2010 5:11am Nov 18, 2010 5:11am
Hey, men it is not necessary to argue. It is just a simple indicator I need. So I will appreciate if Ph3onix can send it. It is enough for me as far as I am new in Neowave forasting and I need it for studing purposes .
As far as I understand Ph3onix is wide experienced in Neely trading and forcasting methods. We should respect his ideas and efforts to give us constructive and experienced feedback .
  • #153
  • Nov 18, 2010 10:13am Nov 18, 2010 10:13am
Quoting tanybg
Hey, men it is not necessary to argue. It is just a simple indicator I need. So I will appreciate if Ph3onix can send it. It is enough for me as far as I am new in Neowave forasting and I need it for studing purposes .
As far as I understand Ph3onix is wide experienced in Neely trading and forcasting methods. We should respect his ideas and efforts to give us constructive and experienced feedback .
Hey,

see page 10 of this thread, i posted indicator download link there.
  • #154
  • Dec 1, 2010 6:11am Dec 1, 2010 6:11am
http://kiprushov.files.wordpress.com/2010/12/image1.png
  • #155
  • Dec 1, 2010 12:01pm Dec 1, 2010 12:01pm
http://kiprushov.files.wordpress.com/2010/12/image6.png
  • #156
  • Jan 28, 2011 8:30am Jan 28, 2011 8:30am
http://kiprushov.files.wordpress.com...01/image42.png
  • #157
  • Edited 6:44am Mar 23, 2011 6:34am | Edited 6:44am
Hello everybody, at first i have to appreciate for your great work in this topic.
second i need mono wave indicator too, can anyone help me plz?
  • #158
  • Jun 26, 2011 12:08pm Jun 26, 2011 12:08pm
Quoting Sareika
Sorry seenuvas86 i dont know much about time analysis when trading Neely's method. At the moment i use period of 10 bars on each timeframe m15, H1, H4 i trade. periods are variable, you can and must change them after the unfolding situation on the market for confirmation or denial of your assumptions. Lately i tried to use 24, 15 and 12 bars in period for all timeframes - i think it is to long, because a lot of small waves of patterns become invisible. For the meantime i studied only 8 chapters of Mastering Elliott Wave. In chapter 12 Neely...
Hi Sareika,
Phillwon here. You say you have an indicator that builds monowaves, is it the FX5 Neely Elliott Wave V1.2, I feel that this indicator is programmed wrong for Neowaves, as in a continuous market like forex you need the High and Low divided by 2 to get the proper waves. At the moment I use an moving average, parameters 1, simple, median (H,L/2) it works quite well but it misses out the small moves. If you have a different version that will divide the high and low of each day by 2 could you help please.
Phillwon
  • #159
  • Aug 5, 2011 3:16pm Aug 5, 2011 3:16pm
Hi everyone,
I was looking for some guidance on the neowave theory but it seems to me that nobody is studying or trading this.
But I will post this with an attachment to ask if I am going the right way with the theory, if there is anybody out there that could give me an answer, please.
Attached Image (click to enlarge)
Click to Enlarge Name: monowave analysis revised.gif Size: 9 KB
  • #160
  • Nov 12, 2011 8:16pm Nov 12, 2011 8:16pm
Quoting Balflear
You could use the attached indicator, but i found some minor bug, possibly related to bad coding and broker timezone. (By using different broker that has diffrent timezone, the indicator plot differently.) When comparing the indicator with my own plotted excel data, the broker that start at GMT+0 almost look the same except that the indi doesn't plot the sunday candle.

I am a programmer, but haven't had the time to learn mql language yet or else i might reprogram the indi

Right now, my Neowave is on hold, Im focusing on my own simple system....

You are right, this indicator is a great one, but it need lots of coding attention. I did a simulation of this indicator and the results i got were amazingly unbelievable.
I think we can put our heads together to make something out of it.
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