TRADERX is based on the concept of R.N. Elliott’s wave analysis along with Larry Williams Zero Balance. I have taken this wave analysis concept and used a part of Larry’s formula for Zero Balance and added a third concept which predicts the strength of the next swing before price arrives at that point. I have added a Strength Meter to the sheet to achieve this. This meter has a total of 7 points by which to judge the market strength. There are two boxes under the Strength Meter, STRONG and WEAK. The more the number is in either of the two boxes, that will be the strength of the next swing once it has culminated. All you need to do is enter 8 prices from previous swings. I have had one dear soul call this “a work of genius”.  I am very thankful for the compliment. Paul Dickie (now deceased) and myself put a lot of time into this and it is a good companion when trading.