As new data presented itself, the data window shifted to the right as the Elliott Wave study recalculated and plotted the new wave count (Figure 2). In the following example, an initial starting point was determined at a significant low (Figure 1) within the 250 bar data window. As new data presents itself, the data window may shift forward respecting it’s Minimum Bars and Maximum Bars values. MotiveWave® will look for a significant high or low within the specified period to calculate and initiate the wave count. a look back period of 250 bars, which is the default). It is possible to have varying wave count results while using the Auto Elliott Wave study, especially when using a data window (i.e. To use a specific time and date, select the Use Date setting and set your start time and date. To define a data window, configure the Minimum Bars, Maximum Bars and All Available Data settings. MotiveWave’s Elliott Wave features can be based on a data window or by a specific start time and date.
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