Tweet
QUESTION: Seen some of Marcus's postings on AGET and was wondering if you could help with the different oscillators.
(1) Not quite sure what the 'extention and alternate' osc. is , or when one should use it, furthermore if one say has a type 1buy or sell and the osc.(5,35) pulls backand stays below the breakout bands during the wave 4 period, is that considered to be a stronger type 1?
(2) Another question if say u have a type 1 trade and the alternate osc- 10,70 has pulled back to zero , does this mean it is a stronger trade than if the 5 , 35 pulled back?
- - - - - - - - - - - - - - -
BRIEF ANSWER: The Elliott Oscillator is the benchmark. It is the one we use for the standard Type 1 and 2 setups. It is based on the 5/35 Oscillator.
The alternative wave counts provide different wave counts as alternatives to the benchmark. It is a preference issue when to use an alternate wave count.
The alternate ‘Short’ and ‘Aggressive’ wave counts are more aggressive algorithms. There are based more on the 5/17 Oscillator. This oscillator crosses zero quicker. Those desiring a more aggressive wave count ideas would use this setting.
The Alternate ‘Long’ count is the least sensitive oscillator. It is based on the 10/70 oscillator. Use this oscillator in conjunction with the 5/35 Oscillator when you are wishing to either confirm a better 5/35 pattern or to identify a wave 3 extending possibility when in an existing Type 1 already.
Add the “Who’s In Control” concept to the wave count possibilities and it becomes more a powerful interpretation tool.
.click here
For more information, look at pages T-84 to T-89. It discusses a little on the alternatives in Elliott Wave analysis.
When I return from vacation will return to this topic. Below are links related to Oscillator examples.
click here #1
click here #2
click here #3
(1) Not quite sure what the 'extention and alternate' osc. is , or when one should use it, furthermore if one say has a type 1buy or sell and the osc.(5,35) pulls backand stays below the breakout bands during the wave 4 period, is that considered to be a stronger type 1?
(2) Another question if say u have a type 1 trade and the alternate osc- 10,70 has pulled back to zero , does this mean it is a stronger trade than if the 5 , 35 pulled back?
- - - - - - - - - - - - - - -
BRIEF ANSWER: The Elliott Oscillator is the benchmark. It is the one we use for the standard Type 1 and 2 setups. It is based on the 5/35 Oscillator.
The alternative wave counts provide different wave counts as alternatives to the benchmark. It is a preference issue when to use an alternate wave count.
The alternate ‘Short’ and ‘Aggressive’ wave counts are more aggressive algorithms. There are based more on the 5/17 Oscillator. This oscillator crosses zero quicker. Those desiring a more aggressive wave count ideas would use this setting.
The Alternate ‘Long’ count is the least sensitive oscillator. It is based on the 10/70 oscillator. Use this oscillator in conjunction with the 5/35 Oscillator when you are wishing to either confirm a better 5/35 pattern or to identify a wave 3 extending possibility when in an existing Type 1 already.
Add the “Who’s In Control” concept to the wave count possibilities and it becomes more a powerful interpretation tool.
.click here
For more information, look at pages T-84 to T-89. It discusses a little on the alternatives in Elliott Wave analysis.
When I return from vacation will return to this topic. Below are links related to Oscillator examples.
click here #1
click here #2
click here #3
Attached Files
Comment