Elliott Wave Oscillator

What can an Elliott Wave computer trader use to gain greater insight into where he or she is in a wave? Create an Elliott Wave oscillator (EWO), according to Perry Kaufman. The EWO is simply the difference between a five-period and 34-period simple moving average plotted as a histogram. Read more at Investopedia

The custom PCF formula is AVGC5 - AVGC34.

image