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About ELWAVE    

 

ELWAVE, the ultimate trading and learning tool for the Elliott Wave Principle.

Our investment software ELWAVE is dedicated to the Elliott Wave principle, the most powerful trading method in existence, enabling you to make uncanny forecasts.
 

First of all our software provides objective (Elliott Wave) forecasts that really matters: the best!

The Automatic version of ELWAVE combines the best of two worlds, giving a detailed, high quality Elliott Wave analysis while maintaining complete flexibility, to accommodate expert users, allowing them to adjust and saving every analysis.

Unique features:
  our analysis is a true Elliott Wave model not just a momentum model and of superior quality.
 clearly presents favored outlooks
  We present the best alternative first, but in addition other important alternatives can be studied, which gives valuable information on risk and probability. It has been proven to be very risky to focus on just one preferred scenario, this way for example predicting a bear market for years, while instead the biggest bull market of all times could develop. Our software will alarm you very clearly.
 ranks alternatives according to probability, determined by both price and time Fibonaccis, guidelines, patterns, validity of internal wave structure etc.
  our Wave inspector gives complete information or summary on every pattern, which is unmatched
  our analysis is very fast, ELWAVE can analyse 100 years of Dow data in under 2 minutes, 3 wave degrees deep using a medium speed computer (Pentium 100mhz).
  ELWAVE has no limits in analysis depth, apart from the 9 degrees available.
  ELWAVE labels the WHOLE chart, not just the latter part and does so very quickly, important because the total picture determines the score of a pattern
  using ELWAVE you can analyse any section of the chart, without the need to re-analyse the whole chart again. This means that intra day analysis can get updated within a very short time span, mostly between approx. 30 secs and 2 minutes depending on computer speed and complexity of the analysis
  if you wish you can define your own wave count and have ELWAVE analyse it or check it partially
  you have available 2 sets of rules, one implementing the Classic rules containing very strict Elliott interpretation and the Modern rules that include all our knowledge acquired in more than 10 years of research. These rules will have a different set of trading signals as well. The Modern rules contain more aggressive rules.
  we have developed a special proportion Fibonacci and swing filter,which groups waves of the same degree together. It will combine time and price lengths of waves and will recognize that a sharp wave 2 connects to a flat wave 4 that has very little retracement. This way ELWAVE will determine relevant multiple time frames by itself, where every wave degree represents a time frame.
  ELWAVE shows all Fibonacci time as well as price relationships of patterns in the Wave inspector, if they exist, and takes this into account when calculating scores
  the Fibonacci pane shows all Fibonacci ratios of the selected wave and its sub waves at once, which can be used with a manual wave count.
 projects very specific targets, displaying a target range and most likely targets.
  very easy navigation of the chart by using the Wave tree, automatic adjustment of detail, zoom in etc.
  we offer complete insight and transparency, since almost all rules and guidelines for each pattern are listed.
 comes with all Elliott tools: channels, indicators, Fibonacci time and price targets, Golden spiral
  clicking on a rule or guideline will show it in the chart, the path a pattern will follow is shown in the chart as well as targets
 supports special Elliott charting styles and oscillator
 Special logarithmic indicators for long term analysis
 ideal for intra day traders, ELWAVE can read extremely large files, in Metastock 60.000 data points, around 200 years of daily data. In ASCII there are NO limits, tick files of 500.000 ticks or data points are no problem (as long as there is enough memory or hard disk space). A real time link is available using a DDE link, provided your data vendor supports this the use of a DDE link
  complete flexibility, you define screen layout as you like, load several screens etc.
 easy to learn and a pleasure to use

Our software incorporates state of the art technology using truly object-oriented programming techniques for fast, stable performance and an intuitive user-friendly interface. It has been specially developed for and is fully compatible with Windows 95/98 and NT.

Available modules
ELWAVE is available in the following versions:

  • ELWAVE basic (End-of-Day)
  • Upgrade to Intraday module*
  • Upgrade to Automatic module*
  • Upgrade to Trading Signals module**
  • Upgrade to Target Clusters module***
  • Upgrade to Scanning EOD module***
  • Upgrade to Scanning Professional module****

       * Basic required
      ** Basic and Automatic required
     *** Basic, Automatic and Trading Signals required
    **** Basic, Automatic, Trading Signals and Scanning EOD required. Only
         available on lease basis

The software comes with a dongle and an extensive manual (217 p., multiple languages available) covering how to operate the program, an introduction to the Elliott Wave Principle, a description of valid patterns and how to trade for profits.

Last modified June 27, 2000

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