Elliott Wave Oscillator 34,5

jcc1956

StockCharts doesn't offer the EWO as an indicator. I have read that the macd histogram can be modified to be used as the ewo. However, I have experimented with changing the parameters of the macd histogram but have been unsuccessful so far. Would appreciate someone's help. Thanks

markd

This site suggests 5,34,5.

https://blog.forex4you.com/an-investigation-of-the-elliot-wave-oscillator/

Although they might mean MACD Hist with and EMA(5) overlay. See the difference below.

I'll let you do the wave counting. Also, the article talks about a minimum number of bars from a definitive pivot point. This chart just shows the last six months, so you might need to adjust the date range.

Here's another link.

tradingfives.com/articles/elliott_oscillator.htm

You've probably seen these links, but I've included them for others if they want to investigate or comment.

jcc1956

Thank you for the response markd!

John C.