Elliott Tools
Two types of Elliott tools for displaying waves are available in the trading platform:
|
Type |
Description |
|---|---|---|
|
Impulse Wave |
According to Elliott's theory, impulse waves create a directed trend (bull or bear) and cause the market to move very actively. Five points are necessary to draw this tool. |
|
Elliott Correction Wave |
Corrective waves (rollbacks) are characterized by moving against the trend. |
Section "Elliott Wave Theory" features theoretical aspect of working with these objects. Practical details are described in section "Construction of waves".