CHANNEL SURFER 5-3 WAVE STOCH MACD WAD VALLEY & PEAK INDICATOR

2014年2月8日

Donations: 12sEPDs25Wt1Th8tduQMDhJiWWkX5CC58u

Elliot Waves states that:

5-Wave impulsive waves always in line with the true market direction
3-Wave corrective waves are always contrary to true market direction

Thus:

Bear Market
5 - Waves down
3 - Waves up

Bull Market
5 - Waves up
3 - Waves down


NOTE:

AROON (5th Chart): Both Lines Red and Green values on the Left Scale below 50 indicates Consolidation


BUY SIGNAL: (Stoch RSI - 3rd Chart)
Green and Red lines touch center grey zone border (OverSold) from the Bear /Bottomside of the chart

CONFIRM: (MACD - 4th Chart)
Green Macd line under Red Signal on Bear side has started to form a arc curving upwards preparing to cross to Bull-side or at cross.

REQUIREMENT (WAD-SMA plus AROON - 5th Chart) :
WAD Line inside of AROON has Bottomed (this is the best case / bottom, may vary at times)
WAD Credit: tradingview.com/u/ChrisMoody/

CONFIRM: (Blue Bottom Donchiain Channels - 1st Chart)
Price is "oversold via candles having bottomed and stepped-down 3 to 5 steps / Waves
[If Not 3 to 5 Steps then wick will touch bottom blue channel three to five times]
Place your limit order to buy at your exchange based upon the 3rd or 5th Step / Wave average numerical value of the steps
Right vertical scale reflects the most recent High and Low of recent channel in two Blue Blocks, you can set your Entry and offset your Stops and Take Profit orders from the two Blue Blocks.

DONCHIAN CHANNEL FUNCTION:
May need adjustment sometimes via your mouse scroll button to fit.
Donchian Channels function in a reaction to an action
If Price Drops Stepping-Down Bottom Blue Donchian Channel = Price Is OVERSOLD = Impending PRICE RISE

REQUIREMENT (Money Flow - 6th Chart - Yellow Line) :
Reflects the current True Market Trend:
Yellow Line is BELOW or touching border of grey center = Price Is OVERSOLD = Impending PRICE RISE


SELL SIGNAL
Green and Red lines touch center grey zone border (OverBrought) from the Bull/Top side of the chart

CONFIRM: (MACD - 4th Chart)
Green Macd line above Red Signal on Bear side has started to form a arc curving downwards preparing to cross to Bear-side or at cross.

REQUIREMENT (WAD-SMA plus AROON - 5th Chart) :
WAD Line inside of AROON has Topped (this is the best case / Topped, may vary at times)
WAD Credit: tradingview.com/u/ChrisMoody/

CONFIRM: (Blue Top Donchiain Channels - 1st Chart)
Price is "overbrought via candles having Topped and stepped-up 3 to 5 steps / Waves
[If Not 3 to 5 Steps then wick will touch top blue channel three to five times]
Place your limit order to sell at your exchange based upon the 3rd or 5th Step / Wave average numerical value of the steps
Right vertical scale reflects the most recent High and Low of recent channel in two Blue Blocks, you can set your Entry and offset your Stops and Take Profit orders from the two Blue Blocks.

DONCHIAN CHANNEL FUNCTION:
May need adjustment sometimes via your mouse scroll button to fit.
Donchian Channels function in a reaction to an action
If Price Tops Stepping-Up Top Blue Donchian Channel = Price Is OVERBROUGHT = Impending PRICE DROP


REQUIREMENT (Money Flow - 6th Chart - Yellow Line) :
Reflects the current True Market Trend:
Yellow Line is ABOVE or touching border of grey center = Price Is OVERBROUGHT = Impending PRICE DROP


NOTE:

When divergence from price is noticed on the Stoch RSI, this Chaikin Money Flow indicator can be used to verify True Market Trend Direction, can be cross referenced and verified via comparing to AROON (5th Chart), if both agree, then price is in divergence to the Stoch RSI.

Can also be used on the 1-Minute TimeFrame for Interday Trading with trades taking only 1 to 2 hours.same rules apply.


BONUS:

elliottwave.net/educational/basictenets.htm