The original 3, 35, 5 MACD was used to count waves in earlier Elliott Wave Software called Advanced GET. It is just a simple average MACD.
The AO uses a 5, 34, 5 simple average MACD of the (H-L)/2 an average of the midpoint or median price of each bar. The Alligator moving averages are also based on the Median price.
I use the AO and AC and I also like to look at the traditional 5, 34, 5 MACD.
I have just started a new thread using ELWAVE called ELWAVE BW Forex. I hope to post useful material there for anyone who would like to discuss ELWave and Elliot. Drop in and visit.
The AO uses a 5, 34, 5 simple average MACD of the (H-L)/2 an average of the midpoint or median price of each bar. The Alligator moving averages are also based on the Median price.
I use the AO and AC and I also like to look at the traditional 5, 34, 5 MACD.
I have just started a new thread using ELWAVE called ELWAVE BW Forex. I hope to post useful material there for anyone who would like to discuss ELWave and Elliot. Drop in and visit.