Elliott Wave Oscillator 34,5
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
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Answers
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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.
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Thank you for the response markd!
John C.0
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