Jeffrey Kennedy Trend Analyzer for Elliott Wave Context

Summary

The Jeffrey Kennedy Trend Analyzer applies short lookback Williams %R style calculations to three price-derived series: a fast line based on the difference between short and longer exponential averages, a base line based on a short exponential average, and a slow line based on a longer exponential average. Each series is evaluated over 5, 10, and 15 periods. Readings near 100 are described as indicating an uptrend, while readings near 0 indicate a downtrend. The indicator is presented as a way to add context when interpreting Elliott wave structure.

The proposed interpretation is that the three lookback lines converging or running together may accompany an impulsive move, while separation may accompany a corrective move. These are heuristic readings rather than statistically validated rules. The material supplies implementation code and says the indicator can be used across instruments and time frames, but it gives no performance tests, entry or exit rules, or evidence that the wave interpretations reliably forecast prices.

Key ideas

• The indicator applies 5, 10, and 15 period range calculations to fast, base, and slow price series.
• The fast, base, and slow series are intended to represent near, intermediate, and longer trend progression.
• Readings near 100 and 0 are described as uptrend and downtrend states, respectively.
• Converging lines are associated with impulsive structure, while separation is associated with corrective structure.
• The document offers interpretive heuristics and code but no tests of predictive performance.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.