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AlphOmega Elliott Waves 5.5

Appendix 6

AO Fib Res & Sup at Date: This indicator will plot the Fibonacci resistance and support level from a specified date and for a selected sensitivity. The parameters for this indicator are: sensitivity, date, multiplier, number of lines to display and the type; type can be 1- Extensions, 2- Roots and 3- Quarters.

AO Fib Time at Date (P): This indicator will plot the Fibonacci time projections for a selected sensitivity and from the specified date on the price window. In addition you can pick a type: 1- Expanded Fib, 2- Phi Fib and 3- Fibonacci. This indicator must be set as a histogram without a scale in the price pane.

AO Fib Time at Date(T): This indicator will plot the Fibonacci time projection for a selected sensitivity and from a specified date on the time window. You can pick the style as the previous but it is applied to the duration pane (on the bars representing time). When the gray bars touch the red lines, you have a possible reversal. Time projections are not as accurate and do not rank over price projections.

AO Gann Eights Angles: This indicator will plot the Gann angles from a specified date and sensitivity splitting in eights the difference between the last peak and trough. AO Gann Angles uses a traditional approach with days and units. The input parameters can be seen above. It is possible to plot any combination of units per bar and bars per unit. This refers to the geometrical representation of the Gann angles. Some combinations are more important, the 1X16, 1X8 and 1X4 are among them. Plotting too many lines will distort your whole chart because the delta between the lines is quite steep as can be seen below.

AO Gann Cycles from Date(P): This indicator will plot the Gann Cycles from a specified date and for a selected sensitivity. There are two types: 1- 30° and 2- 45°. Like most cycle indicators, it must be set to display as a histogram without scale in the price pane.

AO Gann Eights Price: This indicator will show the price levels in eights from the last peak or trough of specified sensitivity. The lines start at the input date. The scale must be matched to the price scale to display properly.

Next: Appendix 7

Summary: Index