Anyone bought trading indicators from GTS Trading?

Solution
@MerryDay Thanks for your response. Ive used other applications like motion wave that has an Elliot zone plot printing and been into Elliots since 2000 so know how the patterns work. But in TOS I have not found any graphical indicator thats shows all Elliots with price projections.

Closing out thread.

JohnnieCakes

New member
VIP
Hi Rad, thanks for your response. Yes, ive checked all the discussion threads on Elliot waves and there is no indicator on UTS that plots prediction zones based on 3-4-5. So was curious how this site as able to do it and no one yet here, has constructed a similar version.
 

MerryDay

Administrative
Staff member
Staff
VIP
@JohnnieCakes There are several posters here, who use proprietary Elliot wave indicators. Not sure if any of them are from the vendor that you mentioned. I, myself, am endlessly fascinated w/ the way Elliot Wave uses my favorite fractal theories and marries them to Fibonacci. However, the Elliot Wave Principle is very complex as you probably know, it requires an in-depth analysis of charts and knowledge of the equity being traded. Anyone selling an indicator that is boiling Elliot Wave theory down to a "buy me" - "sell me" scenario, I would shy away from.

Elliot Wave has a cult-like following so I expect to be shot down for my views. I will end with a quote from Investopedia:
Elliott Wave practitioners stress that simply because the market is a fractal does not make the market easily predictable. Scientists recognize a tree as a fractal, but that doesn’t mean anyone can predict the path of each of its branches.
 

JohnnieCakes

New member
VIP
@MerryDay Thanks for your response. Ive used other applications like motion wave that has an Elliot zone plot printing and been into Elliots since 2000 so know how the patterns work. But in TOS I have not found any graphical indicator thats shows all Elliots with price projections.

Closing out thread.
 
Solution

Similar threads

Top