Auto-wave error Wave 3 is shortest error-no sense

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faysal82

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hi guys,

i don't understand why "Auto-Wave/Auto-Analyze " feature of motive wave labels as wave 3 and then gives alert " wave 3 is shortest"....... does not make sense at all....if wave 3 is shortest and it was detected , then why MOTIVE WAVE is labeling it as wave 3 ??? it kills all the purpose of automating rules...can anyone here shed some light ...
 
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Pejman

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Hi
Generally you cannot trust Auto-wave. Addition to what you said almost always Auto-wave analysis consider Unfinished waves as finished.
 
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Jorge

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Hola amigos alguien tiene para motiwave un indicador que usa club de capitales el semaforo que me puede vender o facilitar porfabor

Hello friends, someone has a motiwave for an indicator that uses a capital club, the traffic light that can be sold or provided by please
 
MotiveWave_Leigh

MotiveWave_Leigh

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Jorge said:
Hola amigos alguien tiene para motiwave un indicador que usa club de capitales el semaforo que me puede vender o facilitar porfabor

Hello friends, someone has a motiwave for an indicator that uses a capital club, the traffic light that can be sold or provided by please
Click to expand...
That indicator is a proprietary indicator available only through Club de Capitales or FXTraders Edge. You need to get access to that indicator directly through Juan or Jody (Club de Capitales or FXTraders Edge).
 
MotiveWave_Leigh

MotiveWave_Leigh

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faysal82 said:
hi guys,

i don't understand why "Auto-Wave/Auto-Analyze " feature of motive wave labels as wave 3 and then gives alert " wave 3 is shortest"....... does not make sense at all....if wave 3 is shortest and it was detected , then why MOTIVE WAVE is labeling it as wave 3 ??? it kills all the purpose of automating rules...can anyone here shed some light ...
Click to expand...
There are warnings of a potential issue with a wave count, and then there are alerts of a rule being broken. It's hard to troubleshoot without a screenshot of what you did, so if you have one showing the warning, please post it.

We are in the process of updating all of our EW resources and they will be available soon (the Auto EW Study video is live, the next one will be the Auto Wave tool video, which will go up in the next day or two).

With the Auto Wave and Auto Analyze tools, MotiveWave will use it's proprietary algorithm to fit the best top level wave count. If you are asking MotiveWave to further decompose the levels, it will then attempt to fit the best wave count at that level, and so on. Please remember that you are asking MotiveWave to force further wave counts at lower levels and there may not be a valid or good wave count that fits at that level, in that specific area, so MotiveWave will still fit the best one it can for that level and area. If it believes there is an issue with the count, it will show the alerts or warnings for it.

Sometimes, in certain scenarios, where a wave that is supposed to be shortest (or longest, etc.) can have an acceptable variance/overlap according to the rules and guidelines of the Elliott Wave Theory. If that is the case, MotiveWave will show the warning, but it is still considered a valid wave count.

All of the points plotted in the Auto Wave and Auto Analyze tools can be moved if you don't agree with where MotiveWave placed them. You can also delete a specific decomposed portion of a wave, if you see one of those warnings and believe it is an invalid wave count.

The auto wave tools are meant to help speed up your own analysis.
 
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