Elliott Wave Oscillator
The Elliott Wave Oscillator is a tool used in technical analysis to identify potential market trends based on the Elliott Wave Integration with an accurate Amibroker data feed is crucial. A reliable data feed ensures the oscillator’s accuracy by providing precise market prices for the calculations. This pairing allows traders to make informed decisions based on more accurate wave patterns, as any discrepancies in data can affect the oscillator’s readings, impacting the reliability of trend predictions.
/_SECTION_BEGIN("ElliotteWave");
Plot( (EMA(C,5)-EMA(C,35)), _DEFAULT_NAME(), IIf( C > O, ParamColor("Up Color",
colorRed ), ParamColor("Down Color", colorRed ) ), ParamStyle( "Style",
styleHistogram | styleThick, maskHistogram ) );
_SECTION_END();