Keith:
There is a fairly complete discussion in Perl's "DeMark Indicators". DeMark
attempted to build time into EW analysis by having rules (somewhat arbitrary
imo) regarding the number of bars needed at various stages. He also uses RSI
confirmation much as AGET uses a moving average oscillator. Beyond that it is
more or less EW plus somewhat restricted use of Fibonacci (could be expanded)
and has the same subjectivity that makes coding "full blown" EW so difficult.
Bill
----- Original Message -----
From: Keith McCombs
To: amibroker@yahoogroups.com
Sent: September 30, 2009 7:06 PM
Subject: Re: [amibroker] Demark D-waves
Carl --
Can you summarize those rules and post them here?
-- Keith
cvanhaesendonck wrote:
Tom Demark has made a great job simplifying Elliott wave count and making
it more objective thanks to a straight rule set. Those rules can be summarized
in few lines. Has anyone ever developed AFL coding on this. AFL library
contains some Demark codes (now public domain) but nothing on d-waves.
Carl
