Advanced GET Studies - GET Elliott Trigger
Overview
The GET Elliott Trigger is a confirming signal that the Wave 4 has actually ended when the Oscillator retraces below the zero line. During the 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.
The GET Elliott Trigger is a confirming signal that the Wave 4 has actually ended when the Oscillator retraces below the zero line. During the 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.
How do I apply the GET Elliott Trigger study?
To apply this study to a chart, left-click on the GET icon and select GET Elliott Trigger from the drop-down menu:
Alternatively, you can also right-click on the chart, when the menu appears, left-click on Insert Study, left-click on the Advanced GET tab and then select GET Elliott Trigger.
The GET Elliott Trigger study will then appear in the study pane at the bottom of the chart.
Properties
To edit the GET Elliott Trigger study parameters, either right-click on the chart and select Edit Chart or right-click on the Trigger line of the study and select Edit.
To edit the GET Elliott Trigger study parameters, either right-click on the chart and select Edit Chart or right-click on the Trigger line of the study and select Edit.
Long Term: 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.
Bands: When checked, the center line is displayed. The level of the center line can be adjusted.
Alerts: Select the Alerts tab to set an alert for when Trigger line crosses the center line, is greater than a selected value, or less than a set value.
Alerts: Select the Alerts tab to set an alert for when Trigger line crosses the center line, is greater than a selected value, or less than a set value.
Auto Reactivate: When checked, the alert will reactivate so it can be triggered again.
Once per Bar: When checked, the alert will not trigger again until the price bar forms.
Alert Action: When an alert is triggered you can choose the method for how you wish to be alerted. Settings include a pop up alert, an audio alert (custom wav file can be set), and if configured, an e-mail alert message.
Once per Bar: When checked, the alert will not trigger again until the price bar forms.
Alert Action: When an alert is triggered you can choose the method for how you wish to be alerted. Settings include a pop up alert, an audio alert (custom wav file can be set), and if configured, an e-mail alert message.