News

The EWAVES engine has been upgraded from version 3.3.1 to version 3.3.2.

The relative frequency of various Elliott wave patterns (diagonal, triangle, etc.) in different positions (diagonal 1, diagonal 5, diagonal C, diagonal A, etc.) has now been more accurately represented in the model. As a result, the relative frequency of different patterns in real-time market data now closely matches that of historical data.

This improvement has led to an increase in the program’s accuracy rate, making this version more likely to achieve the correct wave count compared to the previous version when measured against our database of historical iconic counts.

The EWAVES engine has been upgraded from version 3.3 to version 3.3.1. This version:

• …uses the guidelines more effectively and now gets the correct wave count more often than the prior version according to tests against our database of iconic counts.
  
• …is less likely to hold an opinion that is “nearly invalid”. For example, it’s less likely to stay bullish when a wave has retraced 90% to the downside, unless of course other context strongly supports this case.
  
• …runs much faster than version 3.3 while maintaining an equivalent level of detail, which has been instrumental in scaling up EWAVES to cover over 20,000 markets.

We have added support for Wave Finder Templates to EWAVES Live! These make the Wave Finder much easier to use, by having ready-made Elliott wave setups at your fingertips. Here is an example of the “Zigzag setup (early)” template: