## Elliott Wave Calculator

**How to use Elliott Wave Calculator?**

1. This system can be used for both intraday and positional trading.

2. To use this system, you must enter the high, low and close for the time frame, you want to trade.

3. If you want to trade for a time period of one week, take the high,low and close of the last week before beginning of next week.

4. If you want to trade for a time period of one month, take the high, low and close of the last month before beginning of next month.

5. Similarly for one year.

6. If you want to trade intraday, you should take the high, low and closing price for previous day.

Now lets take an example for trading 1 week time frame

__Example – 1 Week__

1. I noted down the high, low and close for 9th April week for Nifty future.

2. High, low and close are 5398, 5290.10 and 5364.90.

3. I get two sell signals.

Go Short at / below 5398. Stoploss at 5403.39. Target 1 is 5331.31.

Go Short at / below 5372.53. Stoploss at 5403.39. Target 2 is 5320.09.

4. Based on this call, I will try to sell at or below 5398 for target of 5331.31 (target achieved)

I will then wait for price to come again near second sell level (5272.53).

I again try to sell at or below 5272.53 for target of 5320.09 this time (again target achieved).

__Example – 2 Intraday__

1. I note down the high, low and close for the previous day (say 08/04/2010) for Nifty future.

2. Lets say they are 5370, 5290.10 and 5301.60.

3. I get three buy signals.

Go Long at / above 5290.1. Keep Stoploss at 5284.8. Target 1 is 5320.62.

Go Long at / above 5301.76. Keep Stoploss at 5284.8. Target 2 is 5340.59.

Go Long at / above 5316.54. Keep Stoploss at 5301.76. Target 3 is 5365.92.

4. The next day, low for Nifty future was 5307.10. So i could not buy at 1st and 2nd buy signal prices.

But I could enter long at 3rd buy signal (5316.54) for target 5365.92 (target achieved)

**Tags:** elliott wave trading, elliott wave calculator, elliot wave calculator, elliott wave calculator free download, elliott wave calculation, elliott wave trading system, elliott wave theory, elliott wave, elliott wave calculation formula, elliott wave theory calculator, elliott wave trading software, advanced elliott wave calculator, elliott wave calculator in excel, elliott wave calculator online, elliott wave software, elliott waves calculator, elliott wave india, elliott wave intraday trading, elliot wave theory, elliott wave india blog, elliott wave nifty, elliott wave theory trading, what is elliott wave theory, elliott wave analysis, free elliott wave calculator, how to calculate elliott wave, practical elliott wave trading strategies, nifty elliott wave, elliott wave formula, elliott wave trader, nifty elliott wave analysis, elliott wave principle, advanced elliott wave calculation, elliot wave calculator excel, elliotwave, elliott waves, elliot wave nifty, elliott wave indicator, elliott wave analysis of nifty, elliott wave oscillator, elliott wave calculator download, elliott wave international, elliott wave trading strategies, elliott wave theory nifty, nifty elliott wave count, elliott wave forecaster, elliott wave charts, elliott wave calculator formula, elliott wave afl for amibroker, nifty elliott, elliot wave, eurusd elliott wave, elliot wave calculator free download, elliott wave calculator excel, elliott wave afl, free elliot wave calculator, elliott wave silver, elliott wave blog