Chart shows wave 4
Data Box shows wave 4
MA shows wave 2
this indicator reset the wave counting every time that the 50SMA changes direction which in this example was about 30 bars ago. Days and bars back are both set to 100 or more so it should have started counting at the right time.
The MA gets the right count on most of the charts, but not all of them.
Any idea why it's not getting the correct wavecount here?
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