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AlphOmega Elliott Waves 5.5

Appendix 9

AO Latest R&S Boxes: This indicator will plot the latest wave resistance and support level for the specified sensitivity. The resistance and support used are the previous peak or trough of the sensitivity. Its main advantage over the PTF indicator is that it shows the older data so you can find how reliable these supports and resistances have been in the past.

AO T (All Sens.): These indicators are triggers used by the Expert and although they provide a price value, they would not provide information that is not shown elsewhere to the user. You can select the data array for the waves to align your indicator to the expert used. These indicators do not appear in the indicator quick list and are not intended for plotting.

AO Swing Lines: This indicator will plot the zigzag of three different sensitivities (your choice) based on either % or $.

Click to enlarge image

AO ZZ(all4) looks very similar in its way of displaying the four selected sensitivities. The main difference is that you can input the starting (lowest) sensitivity and it will compute the next three automatically. With Swing Lines, you input the three different sensitivities in either percent or points.

AO Trailing Stop: This indicator plots the trailing stop for the specified sensitivity, and delay for the ratchet action.

AO Triangle <: This indicator plots triangles based on sensitivity and direction of triangle (this is an expanding).

AO TSI: This indicator is based on the moving average of variations of a moving average. It provides an interesting alternate entry or exit point. Crossovers of lines or of specific levels are the normal signals. The parameters are data array, periods for base average, periods for averaging the base and periods for the signal. The choice of data arrays is between close of the bar or high and low.

AO Vidya: This indicator is based on Tushar Chande’s work and is an adaptive moving average. The orange line is the Vidya, while the red is the entry and the blue is the exit level. The parameters are number of periods, smoothing factor and acceleration.

AO W4 TRC: This indicator plots the trend resistance channels of a wave 4 for the specified sensitivity, showing as round dotted lines. If price penetrates the red dotted line, the probability of a wave 5 is greatly reduced. There are two modes available, AlphOmega and Aget; the method of calculating differs. The other indicators are from the AlphOmega Aget template.

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