You don't understand a specific financial term ? Visit our Forex glossary
Results 1 to 2 of 2
  1. #1
    traderEd is offline Member
    Join Date
    May 2014

    Default Elliot Wave Oscillator VertexFX


    The Elliott Oscillator is a 34 period simple moving average of prices subtracted from a 5 period simple moving average of prices displayed as a histogram above and below a zero line.

    Elliot wave analysts can use Elliot wave oscillator for identifying the 5-3 wave structure of price moves. The most important concept about the Oscillator is that the highest/lowest point of the Oscillator is connected to the bullish/bearish Wave 3 of Elliot wave structure. Elliot wave analysis is very complex and difficult for many traders. However Elliot wave oscillator can be used for divergence trading. In the image, observe the divergence between price and the oscillator. After divergence, observe the emergence of a down trend.

    This is a client side VTL Script for VertexFX Terminal

    Attached Images Attached Images

  2. #2
    timlisten is offline Banned
    Join Date
    Feb 2016


    Looks pretty nice, I just started using Elliot Wave Oscillator lately.

Similar Threads

  1. Elliot Wave Oscillator - Vertex FX Indicator
    By NCDindia in forum Software
    Replies: 0
    Last Post: 01-16-2016, 03:23 AM
  2. SAR Oscillator - VertexFX Indicator
    By NCDindia in forum Software
    Replies: 1
    Last Post: 12-12-2015, 11:43 PM
  3. FREE "Elliot Wave Divergence Oscillator"
    By vic2 in forum Software
    Replies: 0
    Last Post: 09-25-2012, 12:19 PM
  4. The Elliot wave JumpStart for Beginners
    By kunchala123 in forum EUR USD, GBP USD, USD CHF ...
    Replies: 0
    Last Post: 01-22-2011, 05:33 PM
  5. Replies: 3
    Last Post: 06-08-2010, 09:16 AM

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
Comparing Versions of footer

Search Engine Friendly URLs by vBSEO 3.6.0