...t this is the simplest classification of the market states (all the Elliottwave theory is an elaborate classification of market states, the Neely extension of the Elliottwave is the most elaborate form of...
This is the original neural net. However in the Elliottware analysis we are going to use it in a different way. Mainly we are going to play with the ntr parameter. In this indicator it is set to 300. We are going to play with this parameter in order to isolate the current ElliottWave pattern.