Profitsource - Elliott Oscillator Overlays
Sunday, January 28, 2007
PLEASE REMEMBER THIS IS FOR EDUCATIONAL PURPOSES ONLY!

Hello Everyone,

I want to share with everyone a different look for the Elliott Oscillator Indicator in Profitsouce. For those of you that already have this figured out...YOU DA MAN! I don't know about everyone else, but I'm a big histogram user when it comes to the oscillator. The only problem I had is that I wanted one histogram range to overlap another histogram range, and still be able to see both of them.

profitsource oscillator overview





Sure you can make one data range a histogram and another a line, but that just said boring to me. Here's a picture of what I'm talking about:









profitsource oscillator


1. Right Click on the Oscillator Title or on the Oscillator itself and select oscillator properties



profitsource oscillator properties





2. Then Properties Box will pull up. Here you can set the properties for the 1st and 2nd Oscillators. Plot 1 is for oscillator 1 and Plot 2 is for second oscillator. You can also config the data field for open, close, etc. When your finished, click on the plots tab of the oscillator properties box.







oscillator plots tab





3. Now you should be in the plots tab of the properties box. Select Oscillator 1, Select the Style as Histogram, Select the upper and lower colors (I leave these the same color), Select the Weighting as the second selection down (right after the smallest line), and check the visibility box. Don't worry about the Color and Highlight color fields.






profitsource oscillator properties





4. Stay in the same box and select the oscillator 2, select the histogram style, select the upper and lower colors, Select the weighting as the smallest line or first selection, and check visibility.







Oscillator Defaults





5. If you want to keep these as your defaults then select Defaults, Select "Save as Default Settings", Select OK, and the select OK to the oscillator properties box.





Elliott Oscillator

6. And here we are with the net result




You will have to experiment with different line weightings and colors to get your perfect preference, but I hope this helps....it was racking my brain for a while.

Happy Trading,

Fibonacci Shocked

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PLEASE REMEMBER THIS IS FOR EDUCATIONAL PURPOSES ONLY!

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posted by Fibonacci_Trader @ 12:33 PM  
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