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Can anyone tell me how many bars I should use for elliott wave count? I have been using the default of 300 bars but if I use 1000 bars, the elliott wave count may change. So when I thought I was getting Type 1 trade (with 300 bars), the elliott count count change (with 1000 bars) no longer makes it Type 1 trade. Also, should I use the same bar number across all time frame, ie 60 min, daily, weekly, monthly or is there an optimal bar number for each time period?
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Hi Richard,
You may want to read through the following post from Marc Reinhart, MR. Marc is quite experienced when it comes to the determination of valid wave counting as it relates to the minimum amount of data that should be utilized. Hope this helps.
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