Sign up for tips & tools and receive a free scanning tool!

The right tool for the job. If we don't have it, we can make it!

Arps "FOX" Waves

Be the first to review this product

* Required Fields

Share This
Our Price: $299.95




This study automatically looks for the occurrence of Arps "Fox" Wave 1-2-3-4 megaphone patterns. When the correct pattern occurs, the study draws an "entry" line and a "target" line, along with a line showing the approximate target arrival time.

For a P1-P2-P3-P4 swing to meet the Arps "Fox" Wave criteria the following rules must be met:

For an up-wave:

P2 > P1;
P4 > P3;
P4 < P2;
P3 < P1;
P4 > P1;

The horizontal distance from P1 to P2 must be greater than the horizontal distance from P3 to P4.

For a down-wave:

P2 < P1;
P4 < P3;
P4 > P2;
P3 > P1;
P4 < P1.

The horizontal distance from P1 to P2 must be greater than the horizontal distance from P3 to P4.

If either condition is met, the study plots a magenta entry line through points P1 and P3 and a gray target line through points P1 and P4. If the price pulls back from P4 through the extension of the P1-P3 entry line, a P5 entry point is created, with a target at the extension of the P1-P4 target line. The point of intersection of the green P2-P4 target timing line with the magenta P1-P3 entry line denotes the approximate point in time at which the price is expected to reach the P1-P4 target line.

The amount of price reversal required to define a swing reversal, and therefore the sensitivity of the system, is controlled by the input variables TICKCHG and PCTCHG, as described previously in the section, What is a "Swing?".

The input, OCCUR, allows the user to select a Arps "Fox" Wave pattern other than the most recent one. The default pattern setting is 1 for the most recent wave. If the OCCUR input is set to 2, for example, the study will display the Arps "Fox" Wave prior to the most recent one.

The input, PLOTBARS, sets the number of bars beyond the #4 point to which the indicator will extend the Arps "Fox" Wave entry and target lines. In other words, it sets an endpoint for the plot so that steeply-trending lines do not extend to the degree that the price bars become badly truncated.

Since the Arps "Fox" Wave lines are plotted as Trendline Drawing Objects, you can also double click on the Arps "Fox" Wave line to alter its properties. You will first be asked if you want to change the study on which it is based. The answer is NO. You can then click on Properties, and select Extend Right. You can also click on the trendline, grab the "handle", and drag the trendline out to the right.

The input TIMELINE, when set to TRUE, will display the thin green 2-4 target timing line. When set to FALSE, it will only display the two support/resistance lines of the Arps "Fox" Wave. The target timing line is particularly useful in evaluating the potential validity of the Arps "Fox" Wave setup, and it is therefore recommended that it be turned on in most applications.

The input ZIGZAG, when set to TRUE, will display the zig-zag lines connecting alternate pivot highs and lows for the PCTCHG or TICKCHG value entered. This allows the user to more clearly visualize the swings being analyzed.

The input SHOWALL when set to TRUE displays all of the Arps "Fox" Wave setups detected by the study over the entire price chart. When set to FALSE, only a single occurrence of the Arps "Fox" Wave is displayed.

If SHOWALL is set to FALSE and OCCUR is set to 1, the most recent Arps "Fox" Wave setup will be displayed. If OCCUR is set to some number greater than 1, the Arps "Fox" Wave of OCCUR occurrences ago will be displayed. For example, for an OCCUR input of 3, the third most recent Arps "Fox" Wave will be displayed.

The input P4ALERT, when set to TRUE, will cause an alert to be triggered when a new Arps "Fox" Wave Setup is first detected. The input P5ALERT, when set to TRUE, will cause an additional alert to be triggered when the P5 swing price comes within INCR points of the magenta P1-P3 entry line.

Available on:




More Views

Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

Full Risk Disclosure

make up wisuda make up jogja prewedding jogja prewedding yogyakarta berita indonesia