The preview in the lower left-hand corner shows the shape in blue. The exibility of the Wave59 software to t the pattern to a price series can be seen on the right-hand portion of the underlying price chart with the red and blue lines. One of the shapes is a square and can be used on squared charts with some suc- cess Figure 3.
There are a number of prebuilt geometric shapes such as Fibo- nacci vortex, fower of life, ellipse, and log spiral. Some people trade almost exclusively using the Fibonacci vortex, so lets take a quick look at that.
The vortex uses the spirals in a specifc way. First, you need to have a square chart. The emini is used in this example and the squaring parameters are 0. Wave59 gives you the fexibility of choosing points per bar, hour, or day when setting up square scaling.
You are looking for some sort of harmonic, and the Wave59 interface enhances your trials. Looking at the results of using the Fibonacci vortex on squared grid Figure 4 , you can see why some traders use it exclusive- ly, and why you cant seem to make it work on charts without squared scaling. If patterns and indica- tors werent enough, lets try some ana- lytic techniques in an area that Wave59 calls artifcial intelligence. You might be familiar with neu- ral nets, but not hive technolo- gy, since that is the creation of Earik Beann.
Hive technology lets you input multiple indicators and have the software fnd which trade is the best. Hive technol- ogy has the usual ways you trade two broad classes of in- dicators built into its logic. The two classes are range-bounded and unbounded. An example of a range-bounded indicator is the relative strength index RSI and would typically be traded using different thresholds.
An example of an unbounded indi- cator would be a moving aver- age and a typical way to trade it would be with moving aver- age crossovers. You start by selecting artifcial intelligence from the Chart menu and then select hive technology and hive designer. Prices are displayed on a squared chart where each day there is a 0. The leftmost red line identies a swing.
A blue square geometric shape is as high as the swing is placed at the bottom of the swing. Using the intersection of diagonals, you can identify potential price turning points as seen by the red arrows added to the chart, as well as the right-hand edge of the square. Initially, the green lines are vertical and horizontal and are manually rotated until one of the green lines touches the pivot peak, no. It is sometimes necessary to hit the 1 or 2 key on your keyboard to make the spirals expand or contract to get them to touch the desired pivot while a green line touches the other pivot.
The result, however, is that price is seen to fall from the center of the vortex pivot no. Hive technology compares the prof- itability of each traded system and chooses the best based on an analysis of that systems proftability in contrast to the current market environment, in effect dynamically switching between systems as market conditions change.
Using three indicators Bollinger bands, ultrasmooth momentum, and ultrasmooth momentum slope you can easily develop a proftable system Figure 6. This is another example of Wave59 extract- ing the best from an area.
If you are familiar with astro applications, youll be impressed with whats been done. Some background might help calm your concerns. Trader extraordinaire W. Gann used the position of the planets to help in his trading. The Atlanta Federal Re- serve has a working paper on the sub- ject that suggests there is a connection between behavior and geomagnetic storms.
Using the ephemeris suggests it may be more than just geomagnetic storms. The goal of ephemeris analysis is to fnd a time and price at an appropriate confuence of planet positions, includ- ing Earths moon.
Whats appropriate? There are a number of factors, and un- fortunately, trial and error is one of the better solutions. So whats the good news? Wave59 gives you the tools to fnd the answers with a user-friendly interface to enhance your speed and minimize the time you spend. Using the aspect col- umn on the far right, choose an aspect with the smallest error. You can select the indicator you wish to use from the list on the left.
The next step allows you to use several versions of the same indicator by changing parameters or bounds of the indicator, using the three buttons labeled no adjustment, range-bound adjustments, and unbounded adjustments. The equity curve is displayed at the bottom. On the left is an Earth-centric view of the planets, including Earths moon. Each of the lines are labeled with a single letter denoting the planet, such as N for Neptune.
The degrees of separation that are multiples of 60 of 90 degrees, with less than a six-degree error in meeting the 60 or 90 multiple aspects in bold have an error that is decreasing are the ones listed. In the middle chart are the declinations of planet orbits relative to Earths orbit.
If the pair you are using has a degree separation or aspect such as Moon-Jup , youll be looking to align one of the three corners of a triangle or one of the six corners of a hexagon with the pair. Wave59 allows you to manu- ally rotate the geometric shape of your choice or have it auto- matically align after choosing the shape. When you overlay the wheel with price, the corners of your geo- metric shape are pointing at the desired price candidates.
Now all you have to do is solve for time. They correspond to the midheaven straight up from the geographical location and ascen- dent Eastern horizon point for the exchange you have chosen. Both the X and A lines move with the passage of time. You can ad- vance time manually hitting the 2 key or have it automatically updated with real time.
Again, X corre- sponds to the midheaven location of the exchange where the trading is occurring and A is the ascendent location. The line with the letter X has been rotated to go through the lower right-hand corner of the triangle. You can input your time zone. The top chart shows an ephemeris wheel using hexagon geometry with a result that a turning might occur at PST.
The emini did hit a turning point at Earlier in the day, the ephemeris wheel showed a possible turning at using MoonSaturn and the emini did turn. If you were to only use the pair, you would end up getting only two price hits during the day. You can access a library of prebuilt scripts or just write your own using the script builder.
If you put buy or sell statements in your script, youll see blue up arrows for long en- try points, and red down arrows for sell points will appear on your price chart when you execute the script. You might note that the QScript Figure 11 doesnt require you to de- clare whether your variables are in- tegers, foating or logical. It fgures it out for you.
The buy statement lets you have several differ- ent order types, such as market, limit, stop, and next open. Order expi- ration can be GTC good till canceled , day, or onebar, which means the order is only active on the next bar. Maybe youre thinking this is all fne and dandy, but I want to see how this astrological stuff might work.
Its all in there as well. Time changes in the banner of the ephemeris screen as you align the X or A line. Thus, you get two times, one corre- sponding to X and the other with A. A geometric shape has the degrees of separation that fts the aspect you want. You need to overlay price on the ephemeris circle using the formatting screen, and input the price range and appropriate divisor.
The result is a price overlay Figure 8: blue numbers outside of ephemeris circle , with the corners of your geometric shape pointing to candi- date prices. In the instructional videos, 36 is used as the appropriate divisor, but Beann has found that 24 works better in his trading of the emini.
Wave59 is simply the computerized version of W. Wave59 software can also perform many functions that other esoteric market softwares are unable to do. One example is the progressions. Gann used several astronomical progressions at the heart of his key techniques. Wave59 has the ability to progress a natal date to a future date and then start yet another progression from that date.
This is what Gann did, and we are unable to duplicate it with other market softwares out there. See W. Some other functions that mimic the way W. Wave59 is unparalleled in measuring, applying, in implementing the trading methods of W. Gann… but you will have to import the knowledge into the software. If we, for example, created a Gann indicator suite that was as simple as clicking on two prices and then projecting the next high or low, it would be all over the Internet.
We have actually been approached by several softwares to create such a suite, but in every case it would mean compromising our proprietary Gann formulas. It is the simple and practical ability to convert planetary data into price and time that makes Wave59 the best fit for W. For example, though it is hard to visualize, W. Gann actually did scale his charts using plastic overlays. Wave 59 has the unique ability to flexibly scale market charts of any time period.
Chart scaling is crucial for market geometry to work consistently. Our community is made up of some of the friendliest traders you'll find anywhere.
Discuss analysis, review setups, and trade alongside others using the same tools that drive their trading decisions, all in a secure forum only available to other Wave59 users.
Built by Traders Unlike other platforms, Wave59 was not designed by marketing people, sales agents, or entrepreneurs. Helpful and Knowledgeable Community Our community is made up of some of the friendliest traders you'll find anywhere.
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