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  5. How does monthly wave count usage work?

How does monthly wave count usage work?

Each time you calculate an automatic wave count using one of the methods described in our Reference Guide, it counts toward your subscription plan’s monthly wave count usage.

When you run a scan with the Wave Scanner it also counts toward your wave count usage. Each symbol included in a scan counts as one wave count.

You can always check how many wave counts you’ve computed during a particular month by visiting the account management window from the main menu in the upper left corner of your workspace.

It’s important to note that we’ve found that the summaries mentioned on our pricing page are quite appropriate in terms of describing each type of trader, so you can use that as a guide when deciding which plan most suits your particular needs. Most importantly, however, we’ve also found that at each plan level the wave count allotments are more than ample. A traditional Elliott Wave practitioner would typically assess a tiny fraction of the number of wave counts available with our plans in a given month, for example.

Our mission is to expand your analysis capabilities, encourage Elliott Wave best practices, and improve your trading profitability, not to arbitrarily restrict your use of the WaveBasis platform.

Further, initially you’re likely to run many wave counts as you evaluate and get more familiar with the platform. However, over time you’ll most likely find that you’ll need to compute fewer wave counts to meet your day to day trading objectives.

Wave count usage is reset at the end of each calendar month.

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