Derives pivot times generally considered as high-potential,

using three extension methods:

Time Bar

Gann

Fib(Fibonacci)The Time Projector then locates, identifies, sorts, and displays

a Time Cluster Summary.

The calculation of Fib/Gann pivots is based on historical,

wavelike, price action using four extension methods:

Static Fib

Static Gann

Dynamic Fib

Dynamic GannThe Price Projector then locates, identifies, sorts, and

displays a Price Cluster Summary.

Some traders use the information presented by the Range Projector Calculations for preparing their trading plan

decisions, such as:

Entry Point Evaluation

Protective Stop Placement

Profitability Analysis

Exit TargetingThose traders feel these statistics sharpen their understanding

of likely trading situations and afford added security to their

trading plan. Range Statistics include:

Highest High

Lowest Low

Ranges (Historical Range Statistics):

Maximum

- Minimum
- Average
- Median
- Mode

Breakouts (Historical Breakout Statistics):

Maximum

- Minimum
- Average
- Median
- Mode

SMTPandDTPcalculate time and price projections using several methods. Sometimes more than one method will generate identical or similar results. Such groupings of similar or identical projected times or prices are referred to as Clusters.Theoretically, Clusters indicate increased likelihood of accurate projection.

Time Cluster Summary

Identical Time Clusters of identical dates/times are summarized, sorted, labeled, and displayed.

Price Cluster Summary

The Price Cluster Summary is a sorted listing of price clusters generated via the four Price Projections. InSMTPandDTPit includes the Pit Pivot Points as well, to present a complete picture of the next day's expected Support/Resistance areas.

Defining the Price-Cluster Range Parameters

You manage the level of accuracy, defining the price range within which you personally consider the results to meaningfully match/cluster.

Define Decimal of Point Value

The decimal portion of the value of a commodity's point value sometimes represents tenths of a full point, and sometimes, as in the case of T-Bonds, it represents 1/32 of a full point.

Extensions are mathematical additions to a Time or Price used

to project anticipated Support or Resistance. Two types of

Extensions are employed in SMTP and DTP calculations:

Ratio

IncrementalRatio Extensions

- Extension by addition of the time range between two Prices multiplied by factors having a special relationship, as Gann ratios or Fibonacci ratios.
Ratio Extensions are calculated in two ways:

Static(linear mathematical additions)

Dynamic(extensions adjusted for time, illustrated below)

Incremental Extensions

The Incremental extensions matrix is calculated by simply adding ranges of increasing degrees (Gann increments or Fibonacci increments) to the last pivot time or price.

The pit traders use this system. Awareness of Pit Pivots is essential for day trading and of great use for making entry, exit, and stop placement decisions for longer-term traders. Awareness of these pivot points, used in conjunction with historical support and resistance, and Fibonacci and Gann projections, contribute toward increasing the trader's edge.

The waiting is over. The pivot has occurred—hopefully, at or near

the projected price. Now is the time to use the Elliott Wave Extension

Calculator to project where the move is likely to go.This calculator utilizes a simple EW extension method—Extensions

added to the actual pivot (Pivot 4), based on commonly heldlikelypercentages, of the historical Pivot 2 to Pivot 3 price-move.

Extensions are mathematical additions to a Time or Price used

to project anticipated Support or Resistance. Two types of

Extensions are employed in SMTP and DTP calculations:

Ratio

IncrementalRatio Extensions

- Extension by addition of the time range between two Prices

multiplied by factors having a special relationship, as Gann

ratios or Fibonacci ratios.Ratio Extensions are calculated in two ways:

Static(linear mathematical additions)

Dynamic(extensions adjusted for time,

illustrated below)

Incremental Extensions

The Incremental extensions matrix is calculated by simply adding

ranges of increasing degrees (Gann increments or Fibonacci

increments) to the last pivot time or price.