Version 5.2: Volume and Order Flow Analysis Tools – Includes TPO, Volume Imprint, Delta Volume and more. Additional Brokers – Support for 2 more brokers have been added Enhancements to the Java SDK o Resize Points – Support for resize points that can be adjusted using the mouse o Context Menus – Custom right click menus See all of the highlights for MotiveWave Version 5.3 in our What’s New 5.3: See our Hurst Cycles Guide: Cryptocurrency Support – Support for two cryptocurrency data feeds covering many popular exchanges is now available, with trading functionality to be added in a future release. This is an advanced theory using cyclical waves. Here are just a few highlights of the latest features/enhancements to be added into MotiveWave: Version 5.3: Hurst Cycles – This new overlay study implements the display of Hurst Cycles.
MOTIVEWAVE VS MARKET ANALYST SOFTWARE
Kelowna, BC – MotiveWave Software, a Kelowna-based developer of easy-to-use high-performance charting and trading software for the individual trader, has been busy this last year adding many new features to its full-featured charting and trading platform, which now includes Cryptocurrency support, Hurst Cycles, Volume and Order Flow Analysis Tools, and many other new features and enhancements. MotiveWave Software Releases Versions with Cryptocurrencies and Volume and Order Flow Tools (1888 PressRelease) MotiveWave Trading Software adds Cryptocurrency Support and Volume and Order Flow Tools as well as many other features and enhancements. “Something that was fuzzy and out of focus, suddenly came into focus.Presentation on theme: "(1888 PressRelease) MotiveWave Software Releases Versions with Cryptocurrencies and Volume and Order Flow Tools "- Presentation transcript: Then all off a sudden, it became clear to him, like one of those “Magic Eye” pictures that if you blur your eyes just right becomes a detailed 3-D image. United-ICAP’s Zimmerman said it took years to cultivate his understanding of Elliott Wave theory.
The textbook definitions of wave counts and degrees are always open to interpretation, something a simple slide show of charts can’t completely explain. If Wave 5 develops into a “fifth-wave extension” that is 1.618 times the length of the first three waves, Apple’s stockīut given that Wave 3 is more than 1.618 times the length of Wave 1, and Wave 3 is longer than the length of Wave 1, the pullback from the May 28 record intraday high of $134.54 could already be the start of a corrective phase.Īnd again, in the simplest terms, a 61.8% retracement of the uptrend from the April 2013 low of $55.01 to the record high comes in at $85.39, which is 35% below current levels. That doesn’t necessarily mean the start of a new corrective phase is imminent. In the simplest form, a weekly chart of Apple Inc.’s stock could represent an example of a five-wave pattern. stock market’s rise from 1932 was the beginning of a Supercycle, with the rally to 1937 representing the first wave of a Cycle degree. His labels read a little like the classification of living things:ġ) Grand Supercycle 2) Supercycle 3) Cycle 4) Primary 5) Intermediate 6) Minor 7) Minute 8) Minuette 9) Subminuette In Elliott’s original work, he identified nine degrees of waves, that could range from decades to intraday movements.
MOTIVEWAVE VS MARKET ANALYST SERIES
“The Wave Principle, then, reflects the fact that waves of any degree in any series always subdivide and re-subdivide into waves of lesser degree and simultaneously are components of waves of higher degree,” EWI explains.
One of the keys to interpreting wave counts is to determine what degree the wave in question represents.Īs the above chart shows, each wave could be part of another wave of a higher degree, which in turn could be part of another wave of an even higher degree.įor example, a corrective Wave (A) could be the beginning of a countertrend Wave 4 pullback of a 5-wave uptrend to a larger degree.