You have also options to search for patterns in Market Analyzer as this are
Compression
(ALB stock) 206 and 1384 down waves
This is similar as P7 but here we just watch for relation between previous wave volume and existing wave volume ( you can setup ratio too )
Meaning first wave has 100 volume and you want 2.0 ratio which search for rule that next wave makes Compression and have volume of 200
206 and 1384 represent nice whole picture
If it is in up trend even better
For trend you have also possibility to enable Ichimoku cloud option
Using just cloud price action will need to be above/bellow just very cloud
Using all lines ( price action would need to be above cloud lines too..as this 206 wave is)
SOT is looking for this occasions
Ratio is also possible to be setup
Meaning first wave has 100 volume and you want 2.0 which search for rule that next wave makes SOT and have volume of 200
HighestLargeSmall waves alert
Here you have option to search just for let say Highest wave in previous xx waves
Than for a Highest wave in previous xx waves which has pullback wave after on xx volume ( 50 % or less or more)
Or just for a Large wave which can be highest wave in previous xx waves but you can make filter it to be xx% higher than highest wave in those previous xx wave
Meaning that if we search for a LARGE wave that needs to be higher than previous 5 waves…( it will look for highest wave in those previous 5 waves and multiply by required %)
So basicly we will have wave which is 200% or whatever we choose higher than previous so many wave..gives us clear picture that something is going on with a volume
It is not anymore rule that we need just higher wave than previous xx wave but higher by xx %
One very cool feature is that we can search for Highest wave that make Ichimoku cloud cut
Idea behind it is that along highest wave search we want to see that it made trend change
You can see many videos on you tube how people use Ichimoku cloud in everyday trading but here we are adding this powerful wave count feature which can generate many nice trades
