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.
). However I have found that my macd is based on EMA's hence not smooth. anyway here is my morning campaign on EU. Also took GU alongside. closed for +35. Closed two positions on EU for +60 +60. Earlier had a good run on EU and GU at Frankfurt open. sitting at +180 for the day. and I might trade the NY session today. (as wee speak GU 11.07 UK, i'm short GU from 1.5777 SL moved to 1.5750 that is around 26pips locked. 
). Today was another great day for this. And yes Still trading the Dogs its not very different from this but of course the owner (Dave) totally rejects EW which I find a bit strange. problem with the Dogs is that it does not setup for the 5th wave. Hence to catch 5 wave u gotta drop down to m1 (if trading m5) and catch third wave on there. The LTMACD is good and bad at the same time. The usuall lagging nature of MA and MACD's prevail 
