http://financeandtradingmadeeasy.blogspot.

com/
Elliott Wave Calculator

Bullish Trend
WAVE TIME BARS FROM TO Length
WAVE 1 5.00 7405.00 7585.00 180.00
WAVE 2 3.09 7585.00 7473.76 111.24
WAVE 3 8.09 7473.76 7765.00 291.24
WAVE 4 4.27 7765.00 7653.75 111.25
WAVE 5 5.90 7653.75 7833.75 180.00
A 5.03 7833.75 7764.99 68.76
B 3.11 7764.99 7807.48 42.49
C 5.03 7807.48 7738.72 68.76

Bearish Trend
WAVE TIME BARS FROM TO Length
WAVE 1 5.00 7710.00 7645.00 65.00
WAVE 2 3.09 7645.00 7685.17 40.17
WAVE 3 8.09 7685.17 7580.00 105.17
WAVE 4 4.27 7580.00 7620.17 40.17
WAVE 5 5.90 7620.17 7555.17 65.00
A 5.03 7555.17 7580.00 24.83
B 3.11 7580.00 7564.66 15.34
C 5.03 7564.66 7589.49 24.83
How to Use the Elliott Wave Calculator
Only the grey cells can be modified
For a Bullish trend (UP Move) prediction enter the first wave levels …Use the upper calculator (presented in green)
For a Bearish trend (Down Move)prediction enter the first wave levels …Use the lower calculator (presented in red)
Enter the time taken to form the first wave in terms of price bars
To know the various important assumptions that have been made in the calculator, visit the link below
http://financeandtradingmadeeasy.blogspot.com/2010/03/download-elliot-wave-calculator.html
 -65

ed in green)
ented in red)
http://financeandtradingmadeeasy.blogspot.com/
Elliott Wave Calculator

Bullish Trend
WAVE TIME BARS FROM TO Length
WAVE 1 5.00 993.10 1039.00 45.90
WAVE 2 3.09 1039.00 1010.63 28.37 50% or 62% of wave 1
WAVE 3 8.09 1010.63 1084.90 74.27 1.62/2/62/4.25 of wave 1
WAVE 4 4.27 1084.90 1056.53 28.37
WAVE 5 5.90 1056.53 1102.43 45.90
A 5.03 1102.43 1084.90 17.53
B 3.11 1084.90 1095.73 10.84
C 5.03 1095.73 1078.20 17.53

Bearish Trend
WAVE TIME BARS FROM TO Length
WAVE 1 5.00 7094.60 6825.00 269.60
WAVE 2 3.09 6825.00 6991.61 166.61
WAVE 3 8.09 6991.61 6555.40 436.21
WAVE 4 4.27 6555.40 6722.03 166.63
WAVE 5 5.90 6722.03 6452.43 269.60
A 5.03 6452.43 6555.42 102.99
B 3.11 6555.42 6491.77 63.65
C 5.03 6491.77 6594.76 102.99
How to Use the Elliott Wave Calculator
Only the grey cells can be modified
For a Bullish trend (UP Move) prediction enter the first wave levels …Use the upper calculator (presented in green)
For a Bearish trend (Down Move)prediction enter the first wave levels …Use the lower calculator (presented in red)
Enter the time taken to form the first wave in terms of price bars
To know the various important assumptions that have been made in the calculator, visit the link below
http://financeandtradingmadeeasy.blogspot.com/2010/03/download-elliot-wave-calculator.html
% of wave 1
4.25 of wave 1

ed in green)
ented in red)
http://financeandtradingmadeeasy.blogspot.com/
Elliott Wave Calculator

Bullish Trend
WAVE TIME BARS FROM TO Length
WAVE 1 5.00 7479.00 7567.00 88.00
WAVE 2 3.09 7567.00 7512.62 54.38
WAVE 3 8.09 7512.62 7655.00 142.38
WAVE 4 4.27 7655.00 7600.61 54.39
WAVE 5 5.90 7600.61 7688.61 88.00
A 5.03 7688.61 7654.99 33.62
B 3.11 7654.99 7675.77 20.77
C 5.03 7675.77 7642.15 33.62

Bearish Trend
WAVE TIME BARS FROM TO Length
WAVE 1 5.00 7094.60 6825.00 269.60
WAVE 2 3.09 6825.00 6991.61 166.61
WAVE 3 8.09 6991.61 6555.40 436.21
WAVE 4 4.27 6555.40 6722.03 166.63
WAVE 5 5.90 6722.03 6452.43 269.60
A 5.03 6452.43 6555.42 102.99
B 3.11 6555.42 6491.77 63.65
C 5.03 6491.77 6594.76 102.99
How to Use the Elliott Wave Calculator
Only the grey cells can be modified
For a Bullish trend (UP Move) prediction enter the first wave levels …Use the upper calculator (presented in green)
For a Bearish trend (Down Move)prediction enter the first wave levels …Use the lower calculator (presented in red)
Enter the time taken to form the first wave in terms of price bars
To know the various important assumptions that have been made in the calculator, visit the link below
http://financeandtradingmadeeasy.blogspot.com/2010/03/download-elliot-wave-calculator.html
ed in green)
ented in red)
The calculator will help to broadly classify various waves associated with the Elliott Wave principle as per the Fibonacci ratio
Some of the commonly accepted ratios and rules have been taken into account while making the calculator.

Following assumptions related to price aspect are made while making the calculator.
1) You need to first establish Wave 1, based on that rest of the waves have been calculated .Once Wave 1 is identified, inse
2) Wave 2 is 0.618 times Wave 1
3) Wave 3 is 1.618 times Wave 1
4) Wave 4 is 0.382 times Wave 3
5) Wave 5 is equal to Wave 1
6) Wave A is 0.382 times Wave 5
7) Wave B is 0.618 times Wave A
8) Wave C is equal to Wave A

Following assumptions related to time aspect are made while making the calculator.
1) Once Wave 1 is identified calculate the number of price bars between the start and end of the wave. Insert this in calcul
2) Wave 2 is 0.618 times Wave 1
3) Wave 3 is equal to the sum of time between Wave 1 and Wave 2
4) Wave 4 is 1.382 times Wave 2
5) Wave 5 is 1.382 times Wave 4
6) ABC waves is half in length to 12345 waves
7) Wave A and Wave C are of same time duration.
8) Wave B is 0.618 times Wave A

The above points are commonly accepted ratios in Elliott wave principle and thus are not absolute values
I feel if Elliott Wave price projection is used with oscillator divergence and trend channels, it can give quite reliable price pr
The calculator is still under development stage, price calculation have been fully developed, some aspects regarding time n

Lastly I would like to thank Ilango of http://tradeinniftyonly.blogspot.com/ for his valuable inputs in conceptualizing this calculator.For detailed informatio
Please post your feedback , suggestions and strategies about how this can be use in trading.
Good luck
Cheers

2) Wave 2 is 50 or 0.618 times Wave 1

e Wave 1 is identified, insert the values in grey cells under “FROM” and “TO” Cells

wave. Insert this in calculator (grey cell under the column “Time Bars”)

give quite reliable price projections. With the help of the calculator we can quickly form an opinion about the current trend in any time
aspects regarding time need to be modified if required

alculator.For detailed information about Elliott wave ,please visit his blog.
current trend in any time frame from 1 min to 1 month or more, in any stock or index
Bearish Trend
WAVE TIME BARS FROM TO Length
WAVE 1 5.00 5702.00 5454.00 248.00 retr of W1 5607.264
WAVE 2 3.09 5454.00 5552.00 98.00
WAVE 3 8.09 5552.00 5379.00 173.00 5150.736
WAVE 4 4.27 5206.00 5359.28 153.28
WAVE 5 5.90 5359.28 5111.28 248.00
A 5.03 5111.28 5206.02 94.74
B 3.11 5206.02 5147.47 58.55
C 5.03 5147.47 5242.21 94.74
5056 4902.736