Elliott Wave

Elliott Wave Lite / Ultimate

The Elliott Wave functionality in MotiveWave is initiated in any of the following five ways. Only one of those is dynamic which is the Auto Elliott Wave study.

Elliott Wave Components

You are able to plot Elliott Wave using the available manual components. Select the drag hand icon on the top toolbar to access the Components panel ( See Components section for more details). The components can be manually adjusted to your view of the markets.

There is also an Elliott Wave tool group close to the Components panel:

Auto Wave

Auto Wave functionality for Elliott Wave components ( see above) is static. This means once it plots the Elliott Wave count for a specific Elliott Wave tool, it will not change. The only difference between the Auto Analyze and Auto Wave, is that Auto Wave allows you to visually set your data window via the mouse by selecting a range of bars. Click and drag to select the data window.

Auto Analyze

Unlike the Auto Elliott Wave study, Auto Analyze is static in that once it plots the Elliott Wave count, it will not change. This will allow you to change or modify the results as you see fit. In addition, you will be able to set your data window via look back bars or from a specific date. The Auto Analyze option can be found on the top toolbar or via the Chart menu > Elliott Wave.

Please see the following link explaining the data window versus start date.

Auto Elliott Wave Study

This will act like any other study and the results are dynamic meaning that they may change as new data is being presented. As new data becomes available, the Auto Elliott Wave study will recalculate and re-plot wave counts if it deems necessary. It will allow you to set your data window via look back bars or from a specific date. The study is available via the Study menu > Overlays or the Study menu > All Studies > Search for "Auto Elliott Wave".

Elliott Wave Scanner

From a Scanner panel or page you can also create and initiate a market scan based on Elliott Wave 2, Wave 3, Wave 4, Wave 5, or Wave E (Triangle).

For videos on Elliott Wave, please refer to the Elliott Wave section found on the following page: https://support.motivewave.com/videos/#elliottwave