Unlike the data window, the look back period does not shift but instead includes all newly presented bars as part of the data range. Using a start date uses all available bars from the specified date up to the present bar. As with data windows, it is important that the data range contains a significant high or low in the past. In this case, 250 bars.įor a more consistent wave count, you can specify a start date. With data windows, MotiveWave will calculate the look back period based on the latest bars. Notice that the Elliott Wave count on the (Figure 3) chart initiates at the most significant low within the 250 daily bar data window while on the (Figure 4) chart, it initiates at the most significant high within it’s 250 daily bar data window. The Auto Elliott Wave study in both instances has a data window setting of 250 bars set for both the Minimum Bars and Maximum Bars settings.
Here is another example on the (Figure 3) chart and another chart (Figure 4) of the same instrument. As new data presented itself, the data window shifted to the right as the Elliott Wave study recalculated and plotted the new wave count (Figure 2). In the following example, an initial starting point was determined at a significant low (Figure 1) within the 250 bar data window. As new data presents itself, the data window may shift forward respecting it’s Minimum Bars and Maximum Bars values. MotiveWave® will look for a significant high or low within the specified period to calculate and initiate the wave count. a look back period of 250 bars, which is the default). It is possible to have varying wave count results while using the Auto Elliott Wave study, especially when using a data window (i.e. To use a specific time and date, select the Use Date setting and set your start time and date. To define a data window, configure the Minimum Bars, Maximum Bars and All Available Data settings. MotiveWave’s Elliott Wave features can be based on a data window or by a specific start time and date.