Elliott Wave Calculator 1.0
Free Version
Publisher Description
How to use Simple Pivot Point Calculator
1. This system can be used for both intraday and positional trading.
2. To use this system, you must enter the high, low and close for the time frame, you want to trade.
3. If you want to trade for a time period of one week, take the high,low and close of the last 5 days.
4. If you want to trade for a time period of one month, take the high, low and close of the last 30 days.
5. Similarly for one year.
6. In all above cases you take the closing price as closing price of previous day.
7. If you want to trade intraday, you should take the high, low and closing price for previous day.
Now lets take an example for trading 1 week time frame
Example - 1 week
1. I note down the high, low for the last 5 days for any scrip (say TATASTEEL).
2. I take closing price as closing price of previous day.
3. Lets say they are 625.70, 551.70 and 569.10.
4. I get three buy signals.
Go Long at / above 551.7. Keep Stoploss at 551.14. Target 1 is 579.96.
Go Long at / above 562.5. Keep Stoploss at 551.14. Target 2 is 598.46.
Go Long at / above 576.19. Keep Stoploss at 562.5. Target 3 is 621.92.
5. Based on this call, I will try to buy at 551.7 for target of 579
If i am able to buy at/above this price, i square off at target 1.
I then wait for price to come near second buy level ( 562.5).
I again try to buy at/above 562.5 with target of 598.46 this time. (I also buy at this price if i could not buy at buy price of 1st signal(551.7).
If my target 2 is achieved, i squareoff at target 2. I now wait for price to come near buy signal 3 ( 576.19).
I buy again at/above 576.19 for target of 621.92
Example - 2 Intraday
1. I note down the high, low and close for the previous day for any scrip (say TATASTEEL).
2. Lets say they are 594.60, 570.65 and 573.
3. I get three buy signals.
Go Long at / above 570.65. Keep Stoploss at 570.07. Target 1 is 579.79.
Go Long at / above 574.14. Keep Stoploss at 570.07. Target 2 is 585.78.
Go Long at / above 578.57. Keep Stoploss at 574.14. Target 3 is 593.37.
4. The next day, low for TATASTEEL was 577.10. So i could not buy at 1st and 2nd buy signal prices.
But if i take risk and enter the long at 3rd buy signal (578.57). I wait for target 593.37
The high made for the next day was 603.6. (Our target achieved.)
Disclosure / Disclaimer
1. You will be using our website / calculators knowing fully the risk of the stock market.
You shall alone be responsible for trades carried out on the basis of calls generated by any of
the calculators resulting in the losses or gains, as the case may be.
2. No legal or otherwise liability will be fixed on us under any circumstances.
Calls generated by this website / calculators are purely based on artificial intelligence
& not a professionally qualified and expertise view. These Recommendations are based on some formula.
Due care has been taken while generating these calls, no responsibility will be
assumed by the author / developer of this system for the consequences what so ever,
resulting out of acting on these recommendations / calls.
3. The calls generated by this website / calculators are based on formulas and these are not
recommendation to any person to buy or sell any securities. The information is derived from source
that are deemed to be reliable but its accuracy and completeness are not guaranteed.
The author does not accept any liability for the use of this calculators.
4. Users of these calculators who buy or sell securities based on the information in these calculators are
solely responsible for their action. We may or may not have any position in given stock.
About Elliott Wave Calculator
Elliott Wave Calculator is a free app for Android published in the Accounting & Finance list of apps, part of Business.
The company that develops Elliott Wave Calculator is Pivottrading.Net. The latest version released by its developer is 1.0. This app was rated by 4 users of our site and has an average rating of 4.0.
To install Elliott Wave Calculator on your Android device, just click the green Continue To App button above to start the installation process. The app is listed on our website since 2015-01-03 and was downloaded 648 times. We have already checked if the download link is safe, however for your own protection we recommend that you scan the downloaded app with your antivirus. Your antivirus may detect the Elliott Wave Calculator as malware as malware if the download link to pivottrading.elliottwave is broken.
How to install Elliott Wave Calculator on your Android device:
- Click on the Continue To App button on our website. This will redirect you to Google Play.
- Once the Elliott Wave Calculator is shown in the Google Play listing of your Android device, you can start its download and installation. Tap on the Install button located below the search bar and to the right of the app icon.
- A pop-up window with the permissions required by Elliott Wave Calculator will be shown. Click on Accept to continue the process.
- Elliott Wave Calculator will be downloaded onto your device, displaying a progress. Once the download completes, the installation will start and you'll get a notification after the installation is finished.