ELWAVE for MetaStock is another step forward in the development of one of the world's best Elliott Wave program which has been made available to fit in the Metastock environment.
Already the version 7.5, improved analysis engine has been used.
The engine analyzes the waves using the Classic rules of the Elliott Wave as defined by Prechter in his book "Elliott Wave theory". The best, preferred count will be shown on the price data of a Metastock chart, after ELWAVE has researched 1000's of combinations.