Elliott Wave Count Alert

elliottwavecountalert.efs                                                                                           EFSLibrary - Discussion Board

File Name: elliottwavecountalert.efs

Description:
Generating an alert when a primary Elliott Wave is completed

 

Formula Parameters:
Number of Bars 300
Wave 4 Overlap 0
Wave 1-3 Ratio 50
Mavg1 5
Mavg2 35
Alternate Long Term

 

Notes:

Download File:
elliottwavecountalert.efs




EFS Code:

/*********************************
Provided By:  
    Interactive Data Corporation (Copyright © 2010) 
    All rights reserved. This sample eSignal Formula Script (EFS)
    is for educational purposes only. Interactive Data Corporation
    reserves the right to modify and overwrite this EFS file with 
    each new release. 
	
Description:        
	Generating an alert when a primary Elliott Wave is completed

Version:            1.0  24/05/2011


Formula Parameters:                     Default:
    Number of Bars                      300
    Wave 4 Overlap                      0
    Wave 1-3 Ratio                      50  
    Mavg1                               5
    Mavg2                               35
    Alternate                           Long Term
**********************************/


var fpArray = new Array();
function preMain() {
    setPriceStudy(true);
    setStudyTitle("Elliott Wave Count Alert");
    setCursorLabelName("Recent Wave", 0);
    setCursorLabelName("Trend", 1);

    var x=0;
    fpArray[x] = new FunctionParameter("nNumBars", FunctionParameter.NUMBER);
    with(fpArray[x++])
    {
        setName("Number of Bars");
        setLowerLimit(1);
        setDefault(300);
    }
    fpArray[x] = new FunctionParameter("nPct4Overlap", FunctionParameter.NUMBER);
    with(fpArray[x++])
    {
        setName("Wave 4 Overlap");
        setLowerLimit(0);
        setDefault(0);
    }
    fpArray[x] = new FunctionParameter("nPct1LenOf3", FunctionParameter.NUMBER);
    with(fpArray[x++])
    {
        setName("Wave 1-3 Ratio");
        setLowerLimit(1);
        setDefault(50);
    } 
    fpArray[x] = new FunctionParameter("nMavg1", FunctionParameter.NUMBER);
    with(fpArray[x++])
    {
        setName("Mavg1");
        setLowerLimit(1);
        setDefault(5);
    } 
    fpArray[x] = new FunctionParameter("nMavg2", FunctionParameter.NUMBER);
    with(fpArray[x++])
    {
        setName("Mavg2");
        setLowerLimit(1);
        setDefault(35);
    }  

    fpArray[x] = new FunctionParameter("gAlternate", FunctionParameter.STRING);
    with(fpArray[x++])
    {
        setName("Alternate");
        addOption("Agressive"); 
        addOption("Short Term");
        addOption("Long Term");
        setDefault("Long Term");
    }      
  
}

var ElliottWave = null; 
var prevWave = null;
var curWaveTrended = null;
var alertColor = new Array(Color.green, Color.blue, Color.blue, Color.blue, Color.blue, Color.blue, Color.green, Color.red, Color.red, Color.red); 
var waveCaption = new Array('na','1','2','3','4','5','na','A','B','C');
var ticker = getSymbol();
var i = 0;
var bInit = false;

function main(nNumBars, nPct4Overlap, nPct1LenOf3, nMavg1, nMavg2, gAlternate) 
{
    if ( !bInit )
    {
        ElliottWave = new GetElliottStudy(nNumBars, nPct4Overlap, nPct1LenOf3, nMavg1, nMavg2, gAlternate);
        bInit = true;
    }

    if ( getCurrentBarIndex()!=0 ) return;
    
    prevWave = curWaveTrended; 
    curWaveTrended = ElliottWave.getValue(GetElliottStudy.MOSTRECENTWAVE);
    var curWave = Math.abs( ElliottWave.getValue(GetElliottStudy.MOSTRECENTWAVE) );
    var sTrend = ( curWaveTrended < 0 )? "Down": "Up";

    if ( curWaveTrended!=prevWave ) 
    {
        Alert.addToList(ticker, "Wave "+waveCaption[curWave]+" ("+sTrend+") is completed", Color.black, alertColor[curWave] );
        Alert.playSound("train.wav");
    }

    setBarFgColor(alertColor[curWave]);     

    return new Array(waveCaption[curWave], sTrend);
}