GDX 15 with MACD 40,80,30 and TRIX 72
http://stockcharts.com/h-sc/ui?s=GDX&p=15&yr=0&mn=0&dy=15&id=p57237629822&listNum=1&a=388531793
Tim and I have been playing around with various indicators…check this one out.
http://stockcharts.com/h-sc/ui?s=GDX&p=15&yr=0&mn=0&dy=15&id=p57237629822&listNum=1&a=388531793
Tim and I have been playing around with various indicators…check this one out.
Elliot Wave Oscillator is MACD(5,35,0). I also use MACD(5,10,0)for finer granularity with 30 minute chart. On the two hour chart look for peaks in the EWO. The next lower peak with higher price is normally a top. Try it on GDX 2HR chart. 21.25 may be our top in GDX, but the height of the peak tells me we may get one more lower peak with a higher price. This would confirm EW count that we are in a Wave 4 now… Google EWO… esignal has some very good examples of how to use it.
Thanks Trektrader, do appreciate you sharing this information.