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Wolfe Waves - Get in the Zone

  • #801
  • Apr 17, 2017 9:45am Apr 17, 2017 9:45am
Quoting parviz1953
{quote} May be i should define a zone for that, rather than a fixed values??, eg. within 5-10% lower than B(3) or Higher than C(4), be accepted valid??
good idea mate!
Wait, or you will be slaughtered!
  • #802
  • Apr 17, 2017 10:15am Apr 17, 2017 10:15am
Quoting Expo33
{quote} Bravo Parviz! Thank you A couple of questions: 1) Is there an easy way to replace the zigzag you are using and replace it with the one that shows the "pips/candles" like the one I have on the post#1 template, or will that mess up the way the indicator is works? 2) If so, is there a way to re-position the X(1) A(2)......values so they are directly above/below the zigzag point enough distance so one can see the pip/candle values? I can always change the "extdepth" on the ZigZag that shows the pips/candles to match whatever the value is on...
1)I should read its code to see how it would be possible.
2)Each item on the chart has a time and a price dimension, price axis scale change exponentially, so ten pip higher on higher places on chart is equal sometimes to 100 pips in some places lower on the same chart so with different price variation on different charts the location of the X,A,B,C,D text will change, so i decided to put it right were the price is and only shift the time value to the right, for location to be fixed, for all kind of price movement within the visible chart area.
3)Let me read zigzag code, i may find a way and tell you what to change in the code, to relocate those numbers. (Not mine...)
  • #803
  • Apr 17, 2017 10:23am Apr 17, 2017 10:23am
Quoting Uturn2
{quote} good idea mate!
I respectfully disagree.

On a daily chart we may be talking anywhere from 20-100 pips or more for 5-10%. Lower lows, higher highs was the original principle behind the WW. However, Bill Wolfe did show examples where the XB line was horizontal (the parallel WW which probably should be called the horizontal WW)

Point being, this may be a Pandora's box. Where does it end? Why not 12%, etc ,etc. Especially considering any new traders that may be starting their new WW journey. Just more confusion if they have perused the other free online resources related to WWs.

Maybe it's best for traders to just draw the wave manually if they want to stretch the parameters in this way.

Just my thoughts

And just so I understand what is being proposed. So the set up below would now become a potential WW? If so, my vote would be "nay"

NZD/USD DAILY
Attached Image (click to enlarge)
Click to Enlarge Name: NZ.png Size: 78 KB
Pride always comes before destruction.... -Proverbs 16:18
  • #804
  • Apr 17, 2017 10:28am Apr 17, 2017 10:28am
Quoting Expo33
{quote} I respectfully disagree. On a daily chart we may be talking anywhere from 20-100 pips or more for 5-10%. Lower lows, higher highs was the original principle behind the WW. However, Bill Wolfe did show examples where the XB line was horizontal (the parallel WW which probably should be called the horizontal WW) Point being, this may be a Pandora's box. Where does it end? Why not 12%, etc ,etc. Especially considering any new traders that may be starting their new WW journey. Just more confusion if they have perused the other free online resources...
Agree Expo,
I am also looking from an Elliott Wave perspective,
which makes it valid for me.
Cheers, U2
Wait, or you will be slaughtered!
  • #805
  • Apr 17, 2017 10:32am Apr 17, 2017 10:32am
Quoting parviz1953
{quote} 1)I should read its code to see how it would be possible. 2)Each item on the chart has a time and a price dimension, price axis scale change exponentially, so ten pip higher on higher places on chart is equal sometimes to 100 pips in some places lower on the same chart so with different price variation on different charts the location of the X,A,B,C,D text will change, so i decided to put it right were the price is and only shift the time value to the right, for location to be fixed, for all kind of price movement within the visible chart...
I see what you're saying. I forgot about the time frame shifts.
Pride always comes before destruction.... -Proverbs 16:18
  • #806
  • Apr 17, 2017 10:34am Apr 17, 2017 10:34am
Quoting Uturn2
{quote} Agree Expo, I am also looking from an Elliott Wave perspective, which makes it valid for me. Cheers, U2
I completely understand. I never made it past the 3rd page in my EW studies, so my little WW world is still very simple
Pride always comes before destruction.... -Proverbs 16:18
  • #807
  • Edited 1:06pm Apr 17, 2017 10:51am | Edited 1:06pm
Quoting Expo33
{quote} Bravo Parviz! Thank you A couple of questions: 1) Is there an easy way to replace the zigzag you are using and replace it with the one that shows the "pips/candles" like the one I have on the post#1 template, or will that mess up the way the indicator is works? 2) If so, is there a way to re-position the X(1) A(2)......values so they are directly above/below the zigzag point enough distance so one can see the pip/candle values? I can always change the "extdepth" on the ZigZag that shows the pips/candles to match whatever the value is on...
Hi Expo :
1) Find this part of the code near the end of program: else LabelPos = Low[ib]; , it has been repeated two times.
2) change both of them with this code : else LabelPos = NormalizeDouble(Low[ib]-0.5*iATR(NULL,0,10,ib),Digits);
3)Now compile it and use, problem solved.
4) you can change the position vertically, by modifying the 0.5 coefficient to other numbers, there are four of them 2 for High's and 2 for Low's.
  • #808
  • Apr 17, 2017 11:09am Apr 17, 2017 11:09am
Quoting Expo33
{quote} I respectfully disagree. On a daily chart we may be talking anywhere from 20-100 pips or more for 5-10%. Lower lows, higher highs was the original principle behind the WW. However, Bill Wolfe did show examples where the XB line was horizontal (the parallel WW which probably should be called the horizontal WW) Point being, this may be a Pandora's box. Where does it end? Why not 12%, etc ,etc. Especially considering any new traders that may be starting their new WW journey. Just more confusion if they have perused the other free online resources...
Perfect
  • #809
  • Edited 12:00pm Apr 17, 2017 11:33am | Edited 12:00pm
Quoting Uturn2
{quote} Agree Expo, I am also looking from an Elliott Wave perspective, which makes it valid for me. Cheers, U2
Hi :
Just i want to mention few thing about the charts that you are sharing.
1) I believe the way you count the waves is a problem, you mixes waves of different fractal levels in counting.
2) The HEW as far as i Know, usually moves in a channel, the first wave 1 , comes from a point outside the channel (point X) to form the first impulse wave #1 , then it retrace forms #2, after that another usually the largest wave #3 and so on to the fifth wave, the fifth wave, in 50% of the HEW, may not rich the upper channel line, and is referred to as The aborted fifth wave. reteracement of this wave is the beginning of corrective waves abc and/or even abcde. This is the wave which makes the third touch of price with trend line and will eventually break it.
3)some of the waves that you are counting are not as large as it should be, they are smaller waves of a lower fractals(Noises)
4) The best location to trade is at the beginning of #3 wave in HEW, which is a big challenge to locate so early in it formation, and resulted in most of my failures..., in contrast CWW best trade location is at the beginning of the corrective wave abc, after formation of D(5) point, which locating this one too, plays with your soul and money....
5) HEW suggest trading with the trend buy, in upward moving channel, while an up going CWW is called a SELL CWW wave and suggest to take a sell trade, after D(5) completion.

These are just my idea, no offense.
  • #810
  • Apr 17, 2017 12:32pm Apr 17, 2017 12:32pm
Quoting parviz1953
{quote} Hi : Just i want to mention few thing about the charts that you are sharing. 1) I believe the way you count the waves is a problem, you mixes waves of different fractal levels in counting. 2) The HEW as far as i Know, usually moves in a channel, the first wave 1 , comes from a point outside the channel (point X) to form the first impulse wave #1 , then it retrace forms #2, after that another usually the largest wave #3 and so on to the fifth wave, the fifth wave, in 50% of the HEW, may not rich the upper channel line, and is referred to...
Hi Parvis,
The Elliott Wave I follow is called Harmonic Elliott Wave.
It differs from Traditional Elliott Wave.
It simplifies the wave count, and clears up some of the ambiguities of Elliott Wave.
There are no failed fifth waves in HEW, or channel constraints.
Easiest way to understand it would be to watch the introduction video.
http://www.harmonic-ewave.com/
Cheers, U2
Wait, or you will be slaughtered!
  • #811
  • Apr 17, 2017 12:43pm Apr 17, 2017 12:43pm
Use 3 drives & WW
Attached Image(s) (click to enlarge)
Click to Enlarge Name: NZDUSDH4ироп.png Size: 81 KB
Click to Enlarge Name: WW - 3 DR.png Size: 116 KB
Attached Images
  • #812
  • Apr 17, 2017 12:46pm Apr 17, 2017 12:46pm
Quoting Uturn2
{quote} Agree Expo, I am also looking from an Elliott Wave perspective, which makes it valid for me. Cheers, U2
Just to clarify my point more, this is your pair, unfortunately i don't have 12H TF, so i am drawing it on the 1 day chart.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2017-04-17 at 3.44.36 PM.png Size: 41 KB

This is a bearish HEW, and these are the waves of the same degree of fractals, now has just finished its 3rd wave is going up to form the 4th one .
An interesting thing about 3rd wave is that since it is the longest and the largest one, in many occasion you can see formation of a what is called zigzag wave (or ABC pattern), during formation of its leg
  • #813
  • Apr 17, 2017 12:59pm Apr 17, 2017 12:59pm
Quoting Uturn2
{quote} Hi Parvis, The Elliott Wave I follow is called Harmonic Elliott Wave. It differs from Traditional Elliott Wave. It simplifies the wave count, and clears up some of the ambiguities of Elliott Wave. There are no failed fifth waves in HEW, or channel constraints. Easiest way to understand it would be to watch the introduction video. http://www.harmonic-ewave.com/ Cheers, U2
Thank you very much, today at last I learned something new, i'm very sorry.
  • #814
  • Apr 17, 2017 1:07pm Apr 17, 2017 1:07pm
Quoting poruchik
Use 3 drives & WW {image} {image} {image} {image}
Would you please give me the reference ..?
  • #815
  • Apr 17, 2017 4:03pm Apr 17, 2017 4:03pm
Quoting parviz1953
{quote} Hi Expo : 1) Find this part of the code near the end of program: else LabelPos = Low[ib]; , it has been repeated two times. 2) change both of them with this code : else LabelPos = NormalizeDouble(Low[ib]-0.5*iATR(NULL,0,10,ib),Digits); 3)Now compile it and use, problem solved. 4) you can change the position vertically, by modifying the 0.5 coefficient to other numbers, there are four of them 2 for High's and 2 for Low's.
Thanks Parviz.

I don't have the new code though
Pride always comes before destruction.... -Proverbs 16:18
  • #816
  • Apr 17, 2017 4:03pm Apr 17, 2017 4:03pm
Quoting parviz1953
{quote} It is really coded in a very hard way, and does not have any comments, but anyhow try this if it would be of any help: double ZigZag2[100]; double LastOne2[2]; int i=0; double Temp=0; for(int Count=0;Count<=99;Count++) { Temp=iCustom(NULL,0,"ZigZag",12,5,3,0,Count) if(Temp != EMPTY_VALUE) { LastOne2[i]=Temp; i++; } }
thanks! But it's not working.... retruned with a critical error in EA

void Zigzag2()
{

for(int Count=0;Count<=99;Count++)
{
Temp=iCustom(NULL,0,"ZigZag",12,5,3,0,Count);
if(Temp != EMPTY_VALUE)
{
LastOne2[i2]=Temp;
i2++;
}
}


double ZigValue=LastOne2[0];
double ZigValue1=LastOne2[1];


checkCreateHorizontalLine(0, objectsName + "ZZHigh", 0, ZigValue, clrGray);
checkCreateHorizontalLine(0, objectsName + "ZZLow", 0, ZigValue1, clrGray);

}
No one wants to be defeated~
  • #817
  • Apr 17, 2017 4:34pm Apr 17, 2017 4:34pm
Quoting jonirrenicus
{quote} thanks! But it's not working.... retruned with a critical error in EA void Zigzag2() { for(int Count=0;Count<=99;Count++) { Temp=iCustom(NULL,0,"ZigZag",12,5,3,0,Count); if(Temp != EMPTY_VALUE) { LastOne2[i2]=Temp; i2++; } } double ZigValue=LastOne2[0]; double ZigValue1=LastOne2[1]; checkCreateHorizontalLine(0, objectsName + "ZZHigh", 0, ZigValue, clrGray); checkCreateHorizontalLine(0, objectsName + "ZZLow", 0, ZigValue1, clrGray); }
Sorry , I don't have anymore idea...?!!
  • #818
  • Apr 17, 2017 4:35pm Apr 17, 2017 4:35pm
Quoting Expo33
{quote} Thanks Parviz. I don't have the new code though
OH , no this is the code of your zigzag indicator, not mine.
i have changed it and it takes only less than 5 minute and it will work like a charm.
Here it is, i have changed it already, just compile and run.
Attached File(s)
File Type: mq4 ZIGZAG-VALUE.mq4   17 KB | 447 downloads
  • #819
  • Edited 8:12pm Apr 17, 2017 6:54pm | Edited 8:12pm
Quoting parviz1953
{quote} OH , no this is the code of your zigzag indicator, not mine. i have changed it and it takes only less than 5 minute and it will work like a charm. Here it is, i have changed it already, just compile and run. {file}
Thanks.

Sorry, hanging out at my daughter's kindergarten class all day makes me scatter brained
Pride always comes before destruction.... -Proverbs 16:18
  • #820
  • Apr 18, 2017 12:06am Apr 18, 2017 12:06am
Quoting Expo33
{quote} Thanks. Sorry, hanging out at my daughter's kindergarten class all day makes me scatter brained
Tell them to teach Forex in Class time and i'm sure you will stay focused....

Hi daddy what is chart what is bull / bear what is that line.....
No one wants to be defeated~
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