ELWAVE for Tradestation

Powerful Elliott Wave Analysis

Now the ELliott Wave analsysis is integrated inTradestation for end of day data. This way it can be used in conjunction with all the other indicators supported in Tradestation as well as backtesting capabilities. Nevertheless backtesting the ELWAVE analysis is not practically possible since the Elliott Wave analysis takes a lot of time to complete.

Please note that the full, original version of ELWAVE will run conveniently side to side withTradestation. This version is even more powerful than the integrated TS version, since many features could not be implemented in TS itself.

Ease of use

Select or load a price chart, choose Indicators from the main menu and select “ELWaveCount”. Instantaneously the chart will be analyzed according to the Elliott Wave Principle. Quickly, detailed and as fast as a true, complex Elliott Wave analysis can get! The best wave count currently available will be presented in a separate dialog box, the so called Summary Inspector, which contains a composite, crystal clear outlook.

	Simply pull up the Insert Analysis Techniques menu in TradeStation and select ELWaveCount.

Concise trading information

The Summary Inspector tells you all you need to know on multiple time frames, such as expected next price movement, current wave, targets, exits and risk/ rewards. As soon as all time frames show an up trend, the stock has a high probability to explode. You will never miss an early warning anymore! On top of that, the price chart of TradeStation clearly shows the expected direction of the market as it does in the chart of Intel shown below.

	On the left you see the truncated chart of Intel Corp. with the Elliott Wave labeling and the projected targets. On the right you can see what happened in the days and weeks to follow.
	The Summary Inspector gives you a clear outlook for four consecutive timeframes.

ELWAVE for Tradestation 2000i is included for free with ELWAVE versions 7.8 and higher. more>>