Autowave Calculation

[supersoup]

What is the algorithm/calculation for the Autowave line in QCharts?

[Larry Marchman]

Hey supersoup,

Perhaps this document will be of assistance...

http://share.esignal.com/download.jsp?groupid=1084&folder=&file=AutoWaveDoc.zip

LAM

[supersoup]

I wasnt able to locate anything that would help me figure out how to calculate the autowave (say in excel) in that documentation.

[Larry Marchman]

AutoWave is just doing Fibonacci retracements based on parms as specified in AutoWave Preferences. For example, a set of bars to trace High/Low points (wave size). The screenshot shows AutoWave in addition to a standard Fib that gives the same results.

A google of "excel fibonacci" provides ample samples of how to code Fibs in excel.

LAM

[supersoup]

Even after looking at some spreadsheets, Im still having trouble understanding how I could use excel to identify when an AutoWave with a length of 13 identifies an Extreme High or an Extreme Low.

[Larry Marchman]

Perhaps an Excel maven can step in here.

Over and out,

LAM

[nall]

I've implemented AutoWave in code before (Objective-C, not Excel). I have a pretty good understanding of how it's calculated (and have reported a bug in the current QCharts implementation). Give me a shout if you have questions: [email protected].

nall.