Similarly plot Elliott wave down if you identify a downtrend. in the direction of the trend), 2 corrective (i.e. When you identify an up trend, we can apply Elliott wave up to calculate PRICE TARGETS for different waves.Elliott Waves consist of 5 waves, three impulsive (i.e.

The Elliott wave principle is a form of technical analysis that investors use to forecast trends in the financial markets by identifying extremes in investor psychology, highs and lows in prices, and other collective activities. All you need to do is apply an indicator and heat map will show you the result. Any values that are trending downwards is red, while values trending upwards is green. The chart on the right has chart type set to Kagi.ДЄ unique feature of Trend Analyser is the heat map which normalizes all visible values between 0 and 1.

Again, you save time and time is money.ДЄpart from providing standard chart types like OHLC, Candle and Line chart, Trend Analyser also provides other chart types such as Kagi, Three line break, Darvas boxes, Equivolume, Equivolume shadow, Renko, Point & figure, Black & white candle, Weighted close, Heikin-Ashi and HLC. Template : Save indicators you apply frequently and apply them on any chart.

Saves time as you don't have to open charts you view frequently and apply technical studies manually. This can be performed at the click of a button. Workspace: Save a group of charts together, preserving technical studies and drawings you have applied. Two important tools that help you speed up the process of viewing various charts are workspace and template.

Stock charting software freeware