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General Description: The Auto Gann Angles feature is used to display Gann support and resistance lines calculated by GET. Recommended Usage: The
"Auto Gann Angles" is a feature in Advanced GET that quickly
defines relevant Gann angles for current price action. When you
first use the "Auto Gann Angles" feature, only Gann angles
coming into a current price range are automatically displayed. If,
for example, you are looking for a major top, "Auto Gann Angles"
projects resistance levels based on major Gann angles originating
from previous significant points. If you are looking for a major
bottom, "Auto Gann Angles" projects support levels. "Auto
Gann Angles" can be used to reinforce major price pivot swings.
It can even be useful to help identify minor price pivot swings.
This is particularly effective when combined with other trading
tools and studies, such as those tools used to identify Type One
and Type Two setups. "Auto Gann Angles" can be used in
"momentum" price moves as well. It can provide a key Gann
angle that supports or resists the current strong trend. When you use "Auto Gann Angles" you can select different target ranges. A target range is defined as, "a multiple of the range of the last bar." The target range selection will determine how narrow or wide the target range will be. The default target range is 100%. When you take the range of the last bar and multiply by a factor of 1, Gann angles within that range that are turned ON-- will be displayed. To
become more familiar with how the target range selection can affect
the number of auto Gann angles to be displayed, experiment with
the various target ranges. By experimenting you will see if a better
combination of Gann angles will be produced. Try, for example, to
widen the target range. Enter values such as 200, 300, 400, 500,
or any combination. To keep a narrow target range, use the default
of 100. When you use "Auto Gann Angles" you can select which direction to display the Gann angles within a target range, either up and down angles, only up angles, or only down angles. This feature is useful because it allows for less relevant angles to not be displayed. In addition, it can allow for a less cluttered, more useful chart. The "Auto Optimized" selection allows for a new Gann angle optimization any time a chart is re-issued. The "Auto Gann Angles" is a great feature because it can quickly provide relevant automatically drawn Gann angles to your analysis. However, for those who want to take Gann angles to its maximum potential, one should never abandon the use of other Gann tools such as the Gann Box and manually applied Gann angles. Menu Functions: To display the Auto Gann Angles on a Bar chart, Select Auto Gann Angles from the Studies Toolbar. This will open the Auto Gann Angles dialog box. There are two sets of Gann Angles that can be displayed, five above the origin and five below. Each line is represented by a button that is labeled with the slope of the angle. The numbers indicate the number of price units to move per time units. To choose an angle, Select its toggle button. When the button is toggled ON (the green light in the left corner is on), the angle will be displayed. Use the scroll box to set whether the Up, Down or both sets of angles are displayed. Use the Scale number box to set the price unit that is used in determining the slope of an angle. If you want GET to optimize the scale for a specific chart, Select the OPTIMIZE button. GET will then go back and calculate Gann Angles from all of the pivot points using a variety of different scales, selecting the best scale for you. PLEASE NOTE: this process can take from just a few seconds to a few minutes, depending on your data and the speed of your computer. The Target % number box is used to control the range that you want the Auto Gann Angles to be calculated with. When this percentage is at 100%, the lines drawn will only be those that intersect within the last bar's range. If you increase this to 200%, the lines drawn will then be within twice the last bar's range. Copy Lines: When the Copy line function is clicked the lines on the chart are copied to the chart. If you remove the Auto Gann study those lines are still there, also you can change time frames and those lines will still be there. Auto Optimize: Optimizes for each new chart quick loaded. Otherwise each chart would have to be optimized again after it is loaded. General Description: Auto Trend Channels are Regression Trend Channels that are automatically drawn by GET based upon the degree of Pivots and the trend direction. The break of an Auto Trend Channel is usually used as an entry or exit signal. Menu Functions: The Trend Line On/Off button indicates if the Trend Line will be displayed. The Trend Line Does Not have to be displayed for the Automatic Trend Channels to work correctly. Press your left mouse button on this button to turn the display of the Trend Line On or Off. The Trend Line Source selection list allows you to choose which prices are used in the calculation of the Regression line.
The Trend Line Color selection list allows you to choose the color in which the Trend Line will be drawn. The Upper Channel On/Off button indicates if the Upper Channel of the regression line will be displayed. Press your left mouse button on this button to turn the display of the Upper Channel On or Off. The Std. Devs. check box indicates if the standard deviation of the regression line should or should not be used for the Upper Channel. When this box is checked, the Upper Channel will use the standard deviation indicated in the number box directly below it. If the Std. Devs. check box is not checked, the Upper Channel will be drawn using the highest or lowest bars in the trend encompassed by the channels. The Upper Channel Color selection list allows you to choose the color in which the Upper Channel line will be drawn. The Lower Channel On/Off button indicates if the Lower Channel of the regression line will be displayed. Press your left mouse button on this button to turn the display of the Lower Channel On or Off. The Std. Devs. check box indicates if the standard deviation of the regression line should or should not be used for the Lower Channel. When this box is checked, the Lower Channel will use the standard deviation indicated in the number box directly below it. If the Std. Devs. check box is not checked, the Lower Channel will be drawn using the highest or lowest bars in the trend encompassed by the channels. The Lower Channel Color selection list allows you to choose the color in which the Lower Channel line will be drawn. The Minimum Pivot selection list allows you to choose the degree of Pivots you wish the Automatic Trend Channels to use as the starting point of the Trend Channel. If Primary is highlighted, the Automatic Trend Channels will only use the Primary Pivot points as starting points for the channels and will not change until a new Primary Pivot point is in place. The Pearson's R On/Off button indicates if the Pearson's R value will be shown at the bottom of the Automatic Trend Channels. As the Pearson's R value gets closer to the value of 1, this means the calculated regression line is matching the actual value of the data. This means that the regression line is "fitting" the trend very well. As the Pearson's R value gets closer to the value of 0, the regression line does not match the value of the data. This means that the regression line does not "fit" the trend very well. Think of this value as a percentage -- A 90 percent match is very good, while a 6 percent match is very bad. General Description: The Bias Reversal is a proprietary study developed by Tom Joseph. The Bias Reversal indicates a potential change in trend (a reversal of a bias) point. When the Bias Reversal is indicated at the top of the screen, it indicates some degree of a change in trend and the market should move down. The opposite is true when the Bias Reversal is indicated at the bottom of the chart. If the Bias Reversal gives you a false signal, a line will eventually be drawn at the base of the signal. Menu Functions: When checked, the Filter removes any Bias Reversal signals that have been marked false signals. When this is not checked, false Bias Reversal signals will be indicated with a line being drawn at their base. Bias Reversal signals are designated as "True" or "False" when the next price bar after the signal has been verified. The Top and Bottom Color lists allow you to alter what colors the Bias Reversal will be drawn. The Sensitivity selection list allows you to choose between a Normal or Tight sensitivity level for the Bias Reversal calculation. The Normal setting is what should be used in most circumstances. The Normal setting will give you more signals, some of which will be "false" or smaller changes. The Tight setting is less sensitive to the market, and will give you less Bias Reversal points. When using the Tight setting you will have less false signals, but you will have less good signals as well. General Description: Elliott Waves, the "E" part of GET (Gann Elliott Trader), is one of the core studies of GET. The simplified Elliott Wave theory states that you will have a 5 wave sequence in a direction, some kind of corrective pattern (most of the time), and then a new 5 wave sequence in the opposite direction. Please see the Advanced GET Users Guide for more information on Elliott Wave theory or visit our website at http://www.tradingtech.com. Recommended Usage: Elliott Waves must be used in conjunction with the Elliott Oscillator. To obtain the optimum wave count, we recommend using between 300 - 600 bars of data. Once you are experienced with how the wave counts are affected by pivots, using 150 or more bars is acceptable for a wave count. Caution: Using less than 150 bars or more than 800 bars of data might result in inconsistent or bad wave counts. Due to the complexity of the use of Elliott Waves, it will not be covered here. Please see the Advanced GET Users Guide for more information on the use of Elliott Waves. Menu Functions: Under Alternate Counts: The Wave 4 number box indicates the percentage that Wave 4 can overlap Wave 1 before the Wave count is considered invalid and has to be recalculated. The default for any Futures contract is 17% (to account for slippage) and 0% for all other issues. The Wave 1-3 number box indicates the maximum % level of the length of Wave 3 that the Wave 1 can be labeled. This percentage is important in the way the Wave 4 time channels and PTI are calculated. The default Wave 1-3 ratio is 50%. This means if you take the length of Wave 3, the Wave 1 could be labeled anywhere up to 1/2 the length of Wave 3. This does not mean that it will be labeled right at the 50% mark, but it could be labeled anywhere from the 1% up to 50% level according to this percentage. If you decrease this number to 20%, this means that the Wave 1 has to be labeled somewhere between 1% and 20% of the length of Wave 3. The Alternate 1 - Aggressive count button, when on, indicates that you will have an aggressive change in the Elliott Waves. You will want to use this setting when you are watching a Wave 4 in progress, and the Elliott Wave Oscillator has not only pulled back to the zero line, but has crossed the zero line and has retraced over the zero line more than 38%. The Alternate 2 - Short Term count button, when on, indicates that a shorter Elliott Wave count should be used. The Short Term count could be used to see a 5 Wave sequence inside of a strong Wave 3. Normally, once a 5 Wave sequence is detected the default Elliott Wave count looks for a new Wave 3 in the opposite direction with the first price target being the previous Wave 4. The Alternate 3 - Long Term count button, when on, indicates that a much longer Elliott Wave count than normal should be used. This count should be used when the market fails to move strongly away from the end of a 5 Wave sequence. The Long Term count can look at the market on a bigger picture when this happens to determine if the end of the previous Wave 5 might have really been the end of a Wave 3, with a Wave 5 still to be placed. This wave count should be used with the Alternate 3 Oscillator and not with the 5,35 Oscillator. The Original button returns the Wave 4 settings and Wave 1-3 setting, along with the Elliott Waves, back to their original settings. The Labels selection list allows you to select what degrees of Elliott Wave counts are displayed on the chart. Major labels are identified as large numbers inside of disks. Intermediate labels are smaller numbers. Minor labels are small Roman numerals. Under Normal Colors, you have the color selection lists for the Original Elliott Waves and the Original ABC colors. The colors you select for Waves and ABC are the colors in which the Original (default) Elliott Waves will be drawn. Under Alternate Colors, you have the color selection lists for any of the Alternate Elliott Waves and any of the Alternate ABC colors. The colors you select for Waves and ABC are the colors in which any of the Alternate Elliott Waves will be drawn. General Description: A Moving Average is the average price of an issue over a specified period of time. For a five period average, you would take the sum value (often the closing price of the bar) over five days, compute the sum, and divide by five. It helps you see when an old trend has reversed and a new trend has begun. Recommended Usage: A crossover of a Moving Average and the closing prices of the bars on the chart is usually taken as an entry or exit signal. The longer the length of the Moving Average, the slower it reacts to the market and, conversely, the shorter the Moving Average, the more sensitive the moving average will be to price changes. Menu Functions: The Moving Averages dialog box lists the Moving Averages that have been added to the bar chart. The check box to the left of each Moving Average indicates if that Moving Average will be displayed on the chart. To change any of the settings of a Moving Average, highlight the Moving Average and press the Edit button. This will open the Edit Moving Average dialog box where you can change any of the parameters of the Moving Average. You can also edit the settings of a Moving Average by highlighting the band and then double clicking with your left mouse button. To remove a Moving Average from the Moving Averages menu, highlight the Moving Average you want to remove and press the Delete button. Press the New.. button to put another Moving Average on the chart. When you press the Add button, the Edit Moving Average dialog box will open so that you may adjust the settings of the new Moving Average. General Description: Parabolic SAR is a display of "Stop And Reverse" points for a particular market. When the market touches or crosses a point, this indicates that you should reverse your position. If you are long, for example, go short. If you are short, go long. The Parabolic SAR assumes that you are always in the market. Recommended Usage: When the Stop is triggered it was originally intended to be an automatic reverse trade. However, the Parabolic SAR is a trend following system and in a sideways moving market the whipsaws can be costly. To help weed out the signals in a sideways moving market, you can use the Parabolic SAR signals in combination with the ADX, so that only Parabolic SAR signals in the direction of the trend should be taken to open positions. If you are using the Parabolic SAR in this manner, then the close of positions by the Parabolic SAR are not to be taken as entry of reverse trades. Menu Functions: Acceleration Start: number box contains the number of the initial acceleration. Acceleration Increment: number box contains the number that determines how much to increase acceleration over time. Acceleration Maximum: number box contains the maximum amount of acceleration that can be achieved. The Optimize button instructs GET to find the best acceleration values for the issue you are looking at. It does this by looping through thousands of combinations of variables until it finds the best set of variables that provide the most profit if you stop and reverse at every indicated point. The Fine Tune button is similar in function to the Optimize button, except it takes the current values for the acceleration and makes more minute adjustments to the variables to find the best profit. The Attributes Color: selection list allows you to select the color in which the Parabolic SAR will be drawn on the chart. The Attributes Thickness: number box allows you to increase or decrease the thickness of the lines that are used to draw the Parabolic SAR. The lines get thinner as they approach the value of 1 and thicker as they approach the value of 5. General Description: Pivots are a proprietary indicator that show the trend turning points of the issue's price performance. These Pivot points are labeled as Primary (P), Major (J), Intermediate (I), or Minor (M), depending on how long the issue maintains a particular price movement. Pivots are useful as starting or ending points when drawing Auto Gann Angles, Gann Boxes, Regression Trend Channels, Fibonacci Time, and other studies and tools. When looking at a bar chart with Pivots displayed, you will notice that some of the Pivots are labeled in a different color than the majority of the Pivots. These are Smart Pivots. GET attempts to label these projected Pivot points as accurately as possible, but does not guarantee that they will not change. Any Pivot that is labeled in red (the default Smart Pivot color) will most likely be a Pivot of that degree, but has met the conditions of a Pivot of at least the next lesser degree. For example, if you see a Primary (P) pivot labeled as a Smart Pivot, it will most likely be a Primary (P) Pivot, but has met the conditions of a Major (J) Pivot. Menu Functions: The Pivots Color selection list allows you to choose the color in which the Pivots will be drawn. The Smart Pivots Color selection list allows you to choose the color in which the Smart Pivots will be drawn. The Pivots Types check boxes indicate what degrees of pivots will be displayed on the chart.
General Description: Price Clusters show the areas where Fibonacci Extensions & Retracements tend to cluster in a given time period. The bars that are longer in length are the areas where the most activity was in terms of price. These bars are areas of support and resistance. The color difference does not indicate anything; it is only to make the visual differentiation easier. Menu Functions: The Pivots Types check boxes indicate what degrees of Pivots will be used to calculate the Price Clusters. The Number of Bars number box indicates the amount of bars the Price Clusters will use when calculating. The Price number box indicates in what increments the prices will be divided to group the Retracement and Extension values. The Color selection list allows you to change the color of the Price Clusters. The Fibonacci section allows you select any combination of Retracements, Extensions, and Elliott Extensions. When the corresponding check box has been checked, each type of Fibonacci measurement will be used to calculate the Price Clusters. The Direction check boxes indicate whether you want the Price Clusters to be calculated on Rallies, Declines, or both. The On/Off buttons indicate if the corresponding ratio will be used in the calculation of the Price Clusters. To include/exclude a ratio from being used in the calculation, put your mouse cursor on the adjacent On/Off button and press your left mouse button. The Ratio number boxes indicate the Fibonacci ratios used in the calculation of the Price Clusters. The value in the Weight number box indicates the amount of importance the corresponding Fibonacci ratio will have. If the numbers in all of the Weight number boxes are equal, then each one of the Fibonacci ratios will have equal importance. For example, if one of the Fibonacci ratios has a weight of 100, and the remaining weights are all set at 50, then its importance will be twice as much during the calculation than those having the lesser weight of 50. General Description: The TJ’s Web is a proprietary study developed by Tom Joseph. TJ's Web is a display of resistance and support zones calculated using a proprietary Fibonacci formula. There are three areas displayed: Neutral Zone (NU, ND), Resistance Area (RA, RB, RC, RD), and Support Area (SA, SB, SC, SD). Recommended Usage: TJ's Web is an excellent way to get the support and resistance areas for the trading range of the next day. As a general rule, the market pauses at each level, and if the market goes to Support Area A (SA) it will move to Resistance Area A (RA). The same is true for all of the Support and Resistance Area combinations. Please note that TJ's Web is calculated using the range of the second to last bar on the current bar chart. For example, if you want to see the Web levels calculated using the daily values displayed on a 60 minute chart, you must first open a daily chart, apply the TJ's Webs, and switch the time frame on the chart to be a 60 minute chart. By doing this, the Web levels that were calculated using the second to last daily bar will be displayed on the 60 minute chart. If you simply put up a 60 minute chart and apply the TJ's Web levels, you will see the Web levels that were calculated using the second to last 60 minute bar. Menu Functions: The Color selection list allows you to change the color of the TJ's Web. The Mode selection list allows you to choose from 4 types of TJ's Webs. The Automatic setting allows GET to determine what separation factor to use to calculate the TJ's Web level. The Reduced setting is used when the market is expected to be trading in a smaller, tight range. The Normal setting is used when the market is expected to behave in an average trading range. The Extended setting is used when a large amount of volatility is expected for the next trading day. The Automatic setting is usually the best setting. General Description: The Trade Profile is a proprietary study developed by Tom Joseph that can indicate areas of previous buying and selling. Menu Functions: The Colors selection list allows you to select the color in which the Buy Zone and the Sell Zone will be drawn on the chart. The Mult. Factor number box under Range Parameters indicates how many times the calculated Trade Profile range should be multiplied before it is displayed. The Average Range number box under Range Parameters indicates the range used in the calculation of the Trade Profile. The # of Profile Bars number box indicates the maximum number of Profile Bars to be displayed on the bar chart. The Include Today check box, when checked, will include the latest data including any current market data prior to the close of the market on the current day. General Description: The XTL (eXpert Trend Locator) is a proprietary study Tom Joseph developed that uses a statistical evaluation of the market that can tell the difference between random market swings (noise) and directed market swings (trends). Recommended Usage: The XTL is a simple but powerful tool that is not complicated to use. If the bars are blue in color, then the trend is up. If the bars are red in color, then the trend is down. When you have a bar turn from its normal color to blue or black, this first signal is called a Break Out Bar. An entry is taken when the bar following the Break Out Bar is the same trend color as the Break Out Bar, and the range exceeds 150% of the Break Out Bar in the direction of the trend. You would place a stop below the low of the Break Out Bar if the trend is up, and you would place a stop above the high of the Break Out Bar if the trend is down. As the market moves in the direction of the trend, you would use a trailing stop to follow the trend. To find an exit, you can use a variety of exit methods, but we recommend using the Regression Trend Channels or an optimizedDMA. Please note that the XTL not a mechanical trading system. The XTL is one of the many studies (methods) available in GET. Menu Functions: The Period number box is used to indicate the number of bars used to calculate the XTL. General Description: The Elliott Trigger is a confirming signal that Wave 4 has actually ended when the Oscillator retraces below the zero line. Recommended Usage: During Elliott Wave 4, the Elliott Oscillator needs to pull back to the zero line to signal the end of Wave 4. Many times the Oscillator pulls back to the zero level and continues to stay below the zero line for some time. The Elliott Trigger should only be used after the Oscillator has pulled back to the zero line. Once the Oscillator has pulled back to zero, wait for the Elliott Trigger to cross above the zero line. This provides confirmation that the Wave 4 is over. Menu Functions: The Color selection list allows you to chose the color of the Elliott Trigger. The Time Frame: Long Term check box should only be checked when you are using the Alternate 3 Oscillator (10,70 Osc.) in combination with the Alternate 3 - Long Term Elliott Wave count. General Description: The Joseph Trend Index (JTI) is based upon a trend tracking and strength algorithm developed by Tom Joseph. This indicator can be used in conjunction with the Expert Trend Locator (XTL) as a confirmation of a trend due to the fact that they are independent calculations and are not related. Recommended Usage: The primary objective while designing the JTI was to create a study that kept you from taking positions against a major trend. The JTI can also act as an early warning signal prior to a breakout of a trend and at the end of the trend. The JTI can also be used as a conformation/confidence indicator when used in conjunction with the XTL to add positions during a trend. Menu Functions: The Trend Length drop down box indicates what length of trend the JTI should display. The Fast Mode check box is used when you want the JTI to be extremely sensitive to any change in the trend strength. This setting should be used with caution due to the fact that it can give many false signals. The Band 1 and Band 2 number boxes indicate at what level the upper and lower bands will be drawn. The Bands Color selection list allows you to change the color of the bands drawn on the JTI. The Trend Strength Color boxes indicate and allow you to change the color used for the different trend strengths when the JTI is drawn. General Description: An Oscillator is simply the difference between two moving averages displayed as a histogram. The moving averages used in this Oscillator are simple moving averages. Recommended Usage: When looking at an Elliott Wave count, you should be looking at the Elliott Oscillator to qualify the accuracy of the count. In a 5 Wave sequence the Elliott Oscillator should pull back to the zero line to signify the end of the Wave 4. Under normal conditions you will want to use the 5,35 Oscillator (Tom's Osc). When the market is going into an extended 5th Wave, you should use the 5,17 Oscillator (Extended). When using the Alternate Count 3 - Long Term Elliott Wave setting, you should use the 10,70 Oscillator (Alternate 3). The Break Out Bands qualify the Wave 3. If the program is labeling a movement in the market as a Wave 3, the Elliott Oscillator should be above the Break Out Bands. If the Elliott Oscillator is not above the Break Out Bands, then there is a good chance that the market is not really in a Wave 3 and that the program will relabel the Elliott Wave count. Menu Functions: The Mov Avg number boxes indicate the two moving averages used in the calculation of the Elliott Oscillator. The numbers represent the number of periods to use in the calculation of the moving average. The Oscillator Color selection list allows you to change the color of the Elliott Oscillator. Press the Tom's Osc button to change the moving averages to a 5 period moving average against a 35 period moving average. Press the Extended button to change the moving averages to a 5 period moving average against a 17 period moving average. Press the Alternate 3 button to change the moving averages to a 10 period moving average against a 70 period moving average. The Break Out Bands Strength % number box allows you to adjust where the Break Out Bands will be drawn. If the % is set to 100, then the Break Out Bands will be drawn exactly at the level where they were calculated. If the % is set to 110, then the Break Out Bands will be drawn at a level that is 10% higher than they were actually calculated (moving them away from the zero line). If the % is set to 60, then the Break Out Bands will be drawn at a level that is 40% lower than they were actually calculated (moving them closer to the zero line). The Break Out Bands are not just moving averages - they are a proprietary indicator developed by Trading Techniques, Inc. The Break Out Bands Color selection list allows you to change the color of the Break Out Bands. General Description: The Relative Strength Index (RSI) is designed to indicate a market's current strength or weakness depending on where prices close during a given period. It is based on the premise that higher closes indicate strong markets and lower closes indicate weak markets. The RSI is displayed as three lines, the RSI and two moving averages of the RSI. The RSI is calculated by finding the percentage of positive closes (the current close is higher than the previous close) to negative closes (the current close is lower than the previous close). Recommended Usage: Generally, a buy signal is generated when the RSI moves up through the lower band (band set to 30), and a sell signal is generated when the RSI moves down through the upper band (band set to 70). However, the buy and sell level will vary somewhat depending on the length you choose for the RSI calculation. A shorter length will result in the RSI being more volatile. A longer length results in a less volatile RSI, which reaches extremes far less often. Different issues will have slightly different levels at which the price changes direction. These levels are usually close to each other. The vast majority do seem to change direction at 30 and 70. It is important to note that this is not a hard and fast rule, and we recommend playing with the band levels until you find the best one for the issue you are looking at.The moving averages of the RSI can be used in the same method as a moving average on a chart. Menu Functions: The RSI Length number box indicates the number of bars to use in the calculation of the RSI. The Source selection list allows you to choose what prices are used in the calculation of the RSI.
General Description: The Stochastic is designed to indicate when the market is overbought or oversold. It is based on the premise that when a market's price increases, the closing prices tend to move toward the daily highs and, conversely, when a market's price decreases, the closing prices move toward the daily lows. A Stochastic displays two lines, %K and %D. %K is calculated by finding the highest and lowest point in a trading period and then finding where the current close is in relation to that trading range. %K is then smoothed with a moving average. %D is a moving average of %K. Recommended Usage: A sell signal is generated when you have a crossover of the %K and the %D when both are above the band set at 75. A buy signal is generated when you have a crossover of the %K and the %D when both are below the band set at 25. These signals are not valid if a False Bar appears above or below the crossover signal. The False Bar is a proprietary Stochastics cycle study that can help weed out many of the false Stochastics signals. If a False Bar appears over the Stochastics signal, you should just ignore the Stochastics signal as if it never existed. An alternate, more aggressive method of using the Stochastics is by using a pyramid system of adding on positions during a strong trend. As a major trend continues, you could use all of the crossing of the %K and %D regardless of where the Stochastics lines cross. For example, if you follow this approach in an up trending market, you would take all the upturns by the Stochastics as additional buy signals (to pyramid your positions), regardless of whether %K or %D reached the oversold zone. The Stochastics sell signals would be ignored, except to take short-term profits. False Bar signals would be ignored. The reverse would be true in a down trending market. Menu Functions: The Length number box indicates the number of bars used to find a moving average when calculating %K. The %K number box indicates the period of the moving average that is used to smooth %K. The %D number box contains the period of the moving average that is applied to %K to find %D. The Bar Color selection list allows you to change the color of the False Bar. The %K Color selection list allows you to change the color of the %K. The %D Color selection list allows you to change the color of the %D. The Upper and Lower Bands number boxes indicate at what level the bands will be drawn. The Bands Color selection list allows you to change the color of the bands drawn on the Stochastics. General Description: Time Clusters use the relationship of Pivot Points to the Fibonacci Time extensions. If you were to manually draw Fibonacci Time extensions from every Pivot Point combination on the chart, you would begin to see areas where there is clustering of various Fibonacci numbers. Time Clusters are a graphical representation of these areas. Recommended Usage: Time Clusters give you an indication of where a potential change in trend may occur. The bigger the cluster, the greater the likelihood that a change in trend will happen that day. The highest point in a Time Cluster has the greatest probability that the corresponding time period will contain the bar that is the change in trend point. Time Clusters were not designed to be used alone; they should be used as a confirming indicator or as a gauge of when a change in trend will potentially happen. Since Time Clusters are specific to each market, it is suggested that you optimize the Time Clusters using all of the bars contained in your data file. Menu Functions: The Pivots Types check boxes indicate what degrees of pivots will be used to calculate the Time Clusters. The Direction check boxes indicate what Pivot combinations you want to use for the Time Clusters calculation. For example, if you check High <-> High, then all of the Pivot Points that are on the top part of the bar chart (changes from an up trend to a downtrend) will be used as the points used for the Fibonacci Time extensions. If you check High <-> Low, then pivot points on both the top and the bottom part (changes in trend going both directions) of the bar chart will be used. The Min Bars: number box indicates the minimum number of bars allowed between Pivot Points that will be considered as valid for the Time Clusters calculation. The Max Bars: number box indicates the maximum number of bars allowed between Pivot Points that will be considered as valid for the Time Clusters calculation. The Color selection list allows you to select the color of the Time Clusters. The Optimize button is used to display the Time Clusters Optimize dialog box. From this dialog box you can choose from a selected list of prebuilt ratios, you can optimize the Time Clusters using a specific number of bars, or you can optimize the Time Clusters using all of the data located in your file. The On/Off buttons indicate if the corresponding ratio will be used in the calculation of the Time Clusters. To include/exclude a ratio from being use in the calculation, put your mouse cursor on the adjacent On/Off button and press your left mouse button. The Ratio number boxes indicate the Fibonacci time Ratios used in the calculation of the Time Clusters. The value in the Weight number box indicates the amount of importance the corresponding Fibonacci Time Ratio will have. If the number in all of the Weight number boxes are equal, then each one of the Fibonacci Time Ratios will have equal importance. For example, if one of the Fibonacci Time Ratios has a weight of 100, and the remaining weights are all set at 50, then its importance will be twice as much during the calculation than those having the lesser weight of 50. General Description: The Fibonacci Retracement tool is used to measure the amount the market has retraced compared to the overall market movement. This tool uses ratios which are mathematical in nature, derived from the Fibonacci sequence developed by Leonardo Fibonacci around 1180 ACE. Fibonacci Retracements give you support and resistance areas along with general target price areas. Recommended Usage: Fibonacci Retracements are commonly drawn from the beginning of Wave 1 (the Zero point) to the top of Wave 3 to find a target price area for the Wave 4 retracement. You would first turn on the Fibonacci Retracement tool. When the Fibonacci Retracement tool is turned on, you will notice that your mouse cursor changes to an arrow with Fib Ret attached to it. Move your mouse cursor to the beginning of the Wave 1 (the Zero point) and press your left mouse button once. Next, move your mouse cursor to the top of Wave 3 and, keeping the mouse cursor level with the top of Wave 3, slide your cursor horizontally to the right. You should see the Retracement levels being drawn. Press your left mouse button a second time to anchor them in place. You can also measure the amount that the Elliott Wave Oscillator has retraced. Normally, you will want to see if the Oscillator has retraced between the 90% to 140% levels. Place your cursor on top of the icon in the Drawing Tools that is labeled Fib Ret and press your right mouse button. This will open the Fibonacci Retracement dialog box. The two ratios that you want to have turned on would be .90 (90%) and 1.40 (140%). If these values are not already a choice, simply enter these values into one of the Retracement number boxes. Press the OK button. Move your mouse cursor to the 0 line of the Oscillator (the 0 line is where the Oscillator is flat). Find the spot on the 0 line that corresponds (vertically) with the top of the Wave 3 and press your left mouse button. Next, move your mouse cursor vertically up or down to the spot on the Oscillator where the Wave 3 peaked and then slide your cursor (horizontally) to the right and press your left mouse button. You should see the 90% and 140% retracement levels on the Oscillator. Menu Functions: The On/Off toggle buttons indicate if the associated retracement value will be displayed. Press your left mouse button on the toggle button to either turn it On or turn it Off. The Value: number box indicates the retracement value. To change this, highlight the value in the number box and type in the value that you desire. For example, if you are looking for a 90% retracement level, highlight one of the values and type .90. The Color selection list allows you to change the color of each retracement line. Fibonacci Extension General Description: The Fibonacci Extension tool is used to measure the amount the market has extended compared to the overall market movement. This tool uses ratios which are mathematical in nature, derived from the Fibonacci sequence developed by Leonardo Fibonacci around 1180 ACE. Fibonacci Extensions give you general target price areas. Recommended Usage: Fibonacci Extensions are commonly drawn from the beginning of Wave 1 (the Zero point) to the top of Wave 3 and then to the Wave 4 retracement to find a target price area for the Wave 5 extension. You would first turn on the Fibonacci Extension tool. When the Fibonacci Extension tool is turned on, you will notice that your mouse cursor changes to an arrow with Fib Ext attached to it. Move your mouse cursor to the beginning of the Wave 1 (the Zero point) and press your left mouse button once. Next, move your mouse cursor to the top of Wave 3 and press your left mouse button again. Lastly, you would move your mouse to the end of Wave 4 and, keeping the mouse cursor level with the end of Wave 4, slide your cursor horizontally to the right. You should see the Extension levels being drawn. Press your left mouse button a second time to anchor them in place. An alternate method of drawing Fibonacci Extensions is from the end of Wave 1 (the beginning of Wave 2) to the top of Wave 3 and then to the Wave 4 retracement to find a target price area for the Wave 5 extension. To use this method you would first turn on the Fibonacci Extension tool. When the Fibonacci Extension tool is turned on, you will notice that your mouse cursor changes to an arrow with Fib Ext attached to it. Move your mouse cursor to the end of the Wave 1 (the beginning of Wave 2) and press your left mouse button once. Next, move your mouse cursor to the top of Wave 3 and press your left mouse button again. Lastly, you would move your mouse to the end of Wave 4 and, keeping the mouse cursor level with the end of Wave 4, slide your cursor horizontally to the right. You should see the Extension levels being drawn. Press your left mouse button a second time to anchor them in place. Menu Functions: The On/Off toggle buttons indicate if the associated extension value will be displayed. Press your left mouse button on the toggle button to either turn it On or turn it Off. The Value: number box indicates the extension value. To change this, highlight the value in the number box and type in the value that you desire. For example, if you are looking for a 65% extension level, highlight one of the values and type .65. The Color selection list allows you to change the color of each extension line. General Description: The Fibonacci Circles tool is used to find support and resistance areas in both price and time. This tool uses ratios which are mathematical in nature, derived from the Fibonacci sequence developed by Leonardo Fibonacci around 1180 ACE. Recommended Usage: Fibonacci Circles ratios are commonly drawn using a recent Pivot as the center of the circle, moving out to the latest Pivot point. Menu Functions: The On/Off toggle buttons indicate if the associated circle value will be displayed. Press your left mouse button on the toggle button to either turn it On or turn it Off. The Value: number box indicates the circles value. To change this, highlight the value in the number box and type in the value that you desire. The Color selection list allows you to change the color of each circle. The Fixed Scale check box indicates if the value in the Fixed Scale number box will be used to draw the circles instead of a scale based upon the market you are looking at. You can edit the value in the Fixed Scale number box by highlighting it and typing in the value that you want. General Description: The Fibonacci Time tool is used to project Fibonacci ratios out into the future, with the idea that past Pivots can project future Pivots or changes in trend. This tool uses ratios which are mathematical in nature, derived from the Fibonacci sequence developed by Leonardo Fibonacci around 1180 ACE. Fibonacci Times give you general change in trend areas in relation to time. Recommended Usage: Fibonacci Time ratios are commonly drawn from one Pivot point to another. Generally, if you are using Major Pivots, you want to draw the Fibonacci Time from a Major Pivot to another Major Pivot. To do this, you should first turn on the Pivot display from the Studies menu. Next, put your cursor on top of the Fibonacci Time button and press your left mouse button. When you move your cursor into the Bar Chart area, you will notice that your cursor now looks like an arrow with Fib Time attached to it. Move your cursor to the first Pivot you wish to use and press your left mouse button once. Next, move your mouse cursor to the second Pivot you want to use and, keeping it aligned with the Pivot point, slide your cursor vertically until you clearly see the Fibonacci Time ratios on the chart. Press your left mouse button to anchor them on the chart. Menu Functions: The On/Off toggle buttons indicate if the associated time value will be displayed. Press your left mouse button on the toggle button to either turn it On or turn it Off. The Value: number box indicates the time value. To change this, highlight the value in the number box and type in the value that you desire. The Color selection list allows you to change the color of each time line. General Description: Gann Angles are lines drawn (usually) from pivot points that provide support and resistance for price swings. Recommended Usage: When drawing Gann Angles, it is suggested that you use a Pivot for the origin of the Gann Angles. Press the Optimize button to get the correct scale for the chart, then press the OK button and click twice with your left mouse button on the origin. An alternative method is once you have drawn the angles on the screen, put your cursor on top of the origin of the angles, press your right mouse button to open the Gann Angle properties sheet, press the Optimize button, then press the OK button. Menu Functions: The Angle number boxes are used to indicate the price and time slope. The number box on the left indicates the number of price units to move and the number box on the right indicates the number of time units to move. The Color selection list allows you to change the color of each line. The Up On/Off buttons indicate if the corresponding line starting at the origin and moving up will be displayed. The Down On/Off buttons indicate if the corresponding line starting at the origin and moving down will be displayed. The Scale number box indicates the price unit that is used in determining the slope of the angles. The Optimize button is used to instruct GET to examine the prices in the current chart and find the best possible Scale for the Gann Angles. If you have not yet drawn the Gann Angles on the chart, when you press the OK button, the angles that will be drawn on the chart will use the optimized scale. If you have already drawn the Gann Angles on the chart, after the Optimize process is done, you must press either the Apply or OK button to see the change in the Gann Angles on the chart. The Gann Angles will be redrawn from the same origin using the optimized Scale. General Description: The Gann Box is an excellent tool that uses the Gann Wheel as a basis for its pattern of price and time. Recommended Usage: The Gann Box can be used in a variety of individual ways. One recommended method of drawing the Gann Box is to take the previous Major Pivot point (usually the end of the last 5 Wave sequence) and draw it so that the 1 X 1 line follows the current market support areas to a good degree. This is a very subjective method of drawing the Gann Box, but experience will teach you the best origin for the Gann Box. Menu Functions: The Colors selection list allows you to change the color of the 1 X 4, 1 X 2, 1 X 1, 2 X 1, and 4 X 1 lines that comprise the Gann Box. The Scaling: selection list allows you to choose between a Gann Box made using Fixed Increments for scaling and a Gann Box drawn using a Free Form scaling. The Fixed Increments scaling is used when you want the Gann Box to be drawn with the computer generated fixed interval patterns that are built into GET. This is the setting that is most often used by the individuals at Trading Techniques, Inc. The Free Form scaling should be used when you want the Gann Box to be drawn at any scale and in any increment that you want. With the Free Form scaling, you have total control on the size of the box. The Width: number box indicates the thickness of the lines that draw the Gann Box. A setting of 1 will draw the Gann Box using very thin lines, and a setting of 100 will draw a Gann Box that is very thick and difficult to use. The Box Color selection list allows you to change the color of the box drawn around the Gann Angles that make up the Gann Box. The Box On/Off switch toggles the display of the outer lines that make the Gann Box. To turn the drawing of the outer lines on or off, put your mouse cursor on top of this button and press your left mouse button. General Description: The Ellipse is a proprietary study developed by Tom Joseph. The Ellipse is based upon both time and price, and is a tool that, although drawn, updates as the market changes. Recommended Usage: Click on one Pivot, and then another and you will see the Ellipse coming down (or up) to "intercept" the market. Once the Ellipse has intercepted the market it will stop updating and the trend 'should' change at that point. Please note that there are three different lengths of Ellipse, based upon the length of the trend. Menu Functions: Under Time Frame you have toggle buttons that let you control the display of the Short term, Medium term, and Long term Ellipse. The Color selection list allows you to change the color of the outer shell of the Ellipse. The Line Width number box indicates the width of the lines used to draw the shell of the Ellipse. The Markers toggle button, when on, leaves a mark at the starting and ending points used to draw the Ellipse. The Shadows toggle button, when on, displays the projected path of the Ellipse, where it might intercept the market. General Description: The PTI Tool is used to manually draw a PTI (Profit Taking Index) and Wave 4 Channels in an area that is not identified as a Wave 4 by GET. Recommended Usage: To get a PTI that is similar to a PTI automatically generated by Elliott Waves, you must move the PTI cursor to the point you believe is the end of Wave 2 and click your left mouse button. Next, move your mouse cursor to the point where you believe Wave 3 has ended and press your left mouse button for a second time. Lastly, move the PTI cursor to the last bar in what you believe is the Wave 4 and press your left mouse button for the third time to place the PTI and Wave 4 channels on the chart. Please note that the PTI value will not automatically adjust as new bars are placed on the chart - you must redraw the PTI as the Wave 4 progresses. General Description: Time & Price Squares are used to show the relationship of time periods (X-Axis) versus prices (Y -Axis). Recommend Usage: Time & Price Squares help to identify changes in a trend, such as those found at the end of an Elliott Wave Three, Four or Five, or in A-B-C corrections as well as intermediate and minor price swings. Time & Price Squares in Advanced GET are values determined by Gann (Time) & Fibonacci (Price). The theory is markets tend to change trends at certain numbers from a Major high or low. As a general rule, use a primary pivot (a significant high or low point), as a starting point for your Time & Price Squares calculation. However, take the time to experiment with other pivots to see how this can enhance the use of this tool. Our studies have concluded that a combination of both Fibonacci and Gann can increase odds of picking up turning points. The time sequences have been tested out for all markets and time frames. In addition, our testing shows trading days to be more consistent than calendar days. This may be a different conclusion from standard belief; nevertheless this is our test result. (We have added the capability to use either calendar or trading days for this reason.) Unless you have a favorite sequence, we recommend experimenting with the following combination of numbers:Fibonacci numbers-- 13, 21, 34, 55, 89, 144, 233, 377, 610, 987, 1597, 2584, 4181, and so on. We have found 72 works well (half of 144 = 72). In addition, you can multiple these numbers by 10 or 100 to get a sequence that looks like 130, 210, 340, 550, 720, 890, 1440, 2330, 3770, 6100, and so forth. Gann numbers-- 45, 90, 180, 270 and 360. Other good numbers are 23 (half of 45), 113 (90+23), 135 (90+45), 225 (180+45), and so on. You can us 720 (360 x 2), 1080 (360 x 3), 1440 (360 x 4), 1800 (360 x 5), and so forth. You can also multiply these numbers by 10 or 100 to get a sequence that looks like 450, 900, 1800, 2700, 3600, 7200, 10800, 18000, and so on.If you are having difficulty with the Time & Price Squares tool, edit the "Price Scale" to see if this helps. This selection is located in the properites of the Time & Price Square menu. (Highlight a T&PS line and click your right mouse button to activate this menu.) By adjusting the price scale often will help to generate better results. For example, with the Swiss Franc try changing the Price Scale to 0.0001, and for a normal stock try a 1.0 setting. Try experimenting using different price scale settings of 1.0, 0.1, 0.01, 0.001, 0.0001. The entire scheme of multiplying is really market dependent. For example, 90 (minimum ticks) is a good move from major lows or highs for the Swiss Franc but of course for the S&P it is not. Use appropriate Gann and Fib lines according to your scaling (to change values go into the Time & Price Squares properties box). Markets can also use the price sequence as support and resistance levels. When the market trades into both a time and price sequence, this is called a Time & Price Square area. The truth is there is no easy way of learning the Time & Price Squares tool short of experimenting with it on your own so you can pick up ways of adapting the tool with your individual style of trading. Menu Functions: Select the Time & Price Squares button to draw a graph of the intersection of prices you have set against the times you have set (periods), on your bar charts. When the mouse cursor is inside a bar chart it will now look like a small arrow with the Time & Price Squares grid attached to it. Position the cursor at the bar that you wish to start on (usually a high or a low). Select with the LEFT MOUSE BUTTON. This will show a Time & Price Squares grid. As you move the mouse up and down, left and right, you will note that the periods or prices will show up only in the areas where the mouse has not been. To make the Time & Price Squares grid stay on the bar chart, Select again with the LEFT MOUSE BUTTON. To abort the drawing of the Time & Price Squares grid, Cancel (with the RIGHT MOUSE BUTTON). To adjust the time periods or the prices used in the Time & Price Squares grid, put your mouse on top of the Time & Price Squares button in the Global Tool Box and Call (RIGHT MOUSE BUTTON) the Time & Price Squares button. NOTE: To see the Time & Price Squares that you have drawn, the Line button of the bar chart’s tool box must be on. To change the Time open the adjust Time & Price dialog box and select the Time tab. Enter the number of periods you wish and Select the OK button. To change the Price open the adjust Time & Price dialog box and select the Price tab. Enter the number of increments you wish and Select the OK button. Please note that the price increments are based on the base of the market you are looking at. For example, most stocks trade in 1/128ths. If you want the price to increase by 1 dollar, you would enter 128 in price. If you wish the price to increase by 5 dollars, enter 640 (5 x 128). With the Calendar toggle box checked the Time & Price Square will use calendar days instead of trading days for the times you have indicated under the Times column. The color button is used to display what color your Time & Price Square will be drawn in. To change this color, Select the color button and you will be presented with a pallet of colors. Select the color you want, and this change will be reflected on the color button. General Description: The MOB is a proprietary study developed by Tom Joseph. The MOB (Make Or Break) study is an excellent tool that can help you find the target price area for the end of an Elliott Wave 5, or for any pattern that has an impulse-correction-impulse pattern. Recommended Usage: The MOB should be drawn from the top (market moving up) or bottom (market moving down) of the starting impulse pattern that is closest to the current market movement. For example, if the market is moving in a 5 Wave sequence up and you want to see the MOB level for the Wave 5, move the MOB cursor to the top of the Wave 3 and click your left mouse button. The Wave 3 high is the top of the starting impulse pattern. The Wave 4 is the bottom of the corrective pattern. The Wave 5 is the area that the MOB will show a support area that will either "Make" the end of Wave 5 or will "Break" the Wave 5 into an extension. The MOB is not limited to a 3 4 5 pattern; it works with any down-up-down or up-down-up pattern. The different colors of the MOB give you a visual indication of the range of the MOB area, and if you see a "Marker" on the MOB (looks like a block on the left side of the MOB in a different color) then you know that the MOB doesn't have enough data to confirm the MOB level. If you get a "Marker" on the MOB, it is a good idea to keep deleting and redrawing the MOB as each new data bar is put on the chart until the "Marker" goes away. Menu Functions: The Zone Colors selection list allows you to change the color of each of the MOB zones, as well as the Marker color. If you have drawn a MOB on the chart, and you wish to remove it, put your cursor on top of the MOB and press your left mouse button. This will open the MOB property sheet. Press the Remove button and the MOB will be removed from the chart. General Description: The Eraser is used to erase any item that has been drawn on the chart by any of the Drawing Tools. To erase a line, move the Eraser cursor on top of the line you want to erase and press your left mouse button. General Description: This Drawing Tool is used to copy a line or many lines on the chart. This is particularly helpful when wanting to draw parallel lines or a channel. Recommended Usage: Place the Copy cursor on top of the line(s) that you want to copy and press your left mouse button. The copy of the line you selected will be attached to the mouse cursor and can be placed on the chart by pressing your left mouse button. Menu Functions: The Mode selection list allows you to choose between copying just a One Line or All Lines on the chart. General Description: The Move tool is used to move almost any item that has been drawn on the chart by any of the Drawing Tools. To move a line, move the Move cursor on top of the line you want moved and press your left mouse button. The line will be attached to the cursor, and can be placed on the chart by pressing your left mouse button. Please note that you cannot move the Regression Trend Channels, Fibonacci Retracement, Fibonacci Extensions, Fibonancci Time, PTI, Ellipse, or the MOB. General Description: The Text drawing tool is used to make notes on the bar chart. Text can either be displayed directly or be put on the chart in a minimized form as a Thumb Tack. Recommended Usage: When you have typed your message and pressed the OK button, the text will be attached to your mouse cursor. Move the text to the area where you want it to be anchored and press your left mouse button. As long as the chart stays open, the text will appear on the chart. If you do not save the chart as a Page, the text will be lost when you close the chart. Menu Functions: The Text area is where you type (using the computer keyboard) the message you want to appear on the bar chart or in the Thumb Tack. When the Thumb Tack check box is checked, the text you type will not be displayed on the chart. Instead, a small icon that looks like a piece of paper with a Thumb Tack stuck to it will appear on the chart. When you want to read the message you placed as a Thumb Tack, put your mouse cursor on top of the Thumb Tack icon and press your right mouse button. The Font button allows you to adjust the font used in the Text. General Description: This Drawing Tool is used to focus on a specific part of a Bar Chart. Move the Zoom cursor to the start of the area you want to focus on and press your left mouse button. Move the cursor to the right and you will notice a light box being drawn on the chart. This is the area that will be "Zoomed". Move your mouse to the end of the area you want to focus on and press your left mouse button a second time. The chart will reflect the area that you marked. To "un-Zoom" the chart, press the Reset button on the Toolbar. General Description: Regression Trend Channels are calculated using the actual prices of the bars in the trend. A linear regression line is calculated, and then an upper and a lower channel are drawn using a standard deviation of the regression line or by using the highest high or the lowest low of the trend. The break of a Regression Trend Channel is usually used as an entry or exit signal. Recommended Usage: To draw the Regression Trend Channels properly, you should choose the beginning of the immediate trend as the starting point of the Regression Trend Channels. You would move your cursor on top of this point and click your left mouse button once. This will begin the drawing of the Regression Trend Channels. You should then move the cursor to either the highest high (if in an upward trend) or to the lowest low (if in a downward trend) of the move and click your left mouse button again. This will anchor the Regression Trend Channels onto the bar chart. If a new high or a new low is achieved, you should remove the Regression Trend Channels and redraw them using the same starting point, but using the new high or low as the ending point. Menu Functions: The Trend Line On/Off button indicates if the Trend Line will be displayed. The Trend Line Does Not have to be displayed for the Regression Trend Channels to work correctly. Press your left mouse button on this button to turn the display of the Trend Line On or Off. The Trend Line Source selection list allows you to choose what prices are used in the calculation of the Regression line.
The Trend Line Color selection list allows you to choose the color in which the Trend Line will be drawn. The Upper Channel On/Off button indicates if the Upper Channel of the regression line will be displayed. Press your left mouse button on this button to turn the display of the Upper Channel On or Off. The Upper Channel Std. Devs. check box indicates if the standard deviation of the regression line should or should not be used for the Upper Channel. When this box is checked, the Upper Channel will use the standard deviation indicated in the number box directly below it. If the Std. Devs. check box is not checked, the Upper Channel will be drawn using the highest or lowest bars in the trend encompassed by the channels. The Upper Channel Color selection list allows you to choose the color in which the Upper Channel line will be drawn. The Lower Channel On/Off button indicates if the Lower Channel of the regression line will be displayed. Press your left mouse button on this button to turn the display of the Lower Channel On or Off. The Lower Channel Std. Devs. check box indicates if the standard deviation of the regression line should or should not be used for the Lower Channel. When this box is checked, the Lower Channel will use the standard deviation indicated in the number box directly below it. If the Std. Devs. check box is not checked, the Lower Channel will be drawn using the highest or lowest bars in the trend encompassed by the channels. The Lower Channel Color selection list allows you to choose the color in which the Lower Channel line will be drawn. The End Bar On/Off button indicates if a bar (the End Bar) will be drawn below the last price bar used in the Regression calculation. This is helpful if you are saving the Regression Trend Channels on a page and cannot remember what bar you used for the calculation; the End Bar is the last bar used in the Regression Trend Channel calculation. The End Bar Color selection list allows you to choose the color in which the Lower Channel line will be drawn. The Pearson's R On/Off button indicates if the Pearson's R value will be shown at the bottom of the Regression Trend Channels. As the Pearson's R value gets closer to the value of 1, this means the calculated trend line is matching the actual value of the data. This means that the regression line is "fitting" the trend very well. As the Pearson's R value gets closer to the value of 0, the trend line does not match the value of the data. This means that the regression line does not "fit" the trend very well. Think of this value as a percentage -- A 90 percent match is very good, while a 6 percent match is very bad. |
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