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Elliottwaveforecasts

Elliott Wave [LuxAlgo]The Elliott Wave indicator allows users to detect Elliott Wave (EW) impulses as well as corrective segments automatically on the chart. These are detected and displayed serially, allowing users to keep track of the evolution of an impulse or corrective wave. Fibonacci retracements constructed from detected impulse waves are also included. This script additionally allows users to get alerted on a wide variety of trigger conditions (see the ALERTS section below). 🔶 SETTINGS 🔹 Source • "high" -> options high, close, maximum of open/close • "low" -> options low, close, minimum of open/close 🔹 ZigZag • The source and length are used to check whether a new Pivot Point is found. Example: • source = high/low, length = 10: • There is a new pivot  high when: - previous high is higher than current high - the highs of 10 bars prior to previous high are all lower • These pivot  points  are used to form the ZigZag lines, which in their turn are used for pattern recognition 🔶 USAGE The basic principles we use to identify Elliott Wave impulses are: • A movement in the direction of the trend ( Motive/Impulse wave ) is divided in 5 waves (Wave 1 -> 5) • The Corrective Wave (against the trend) is divided in 3 waves (Wave A -> C) • The waves can be subdivided in smaller waves • Wave 2 can’t retrace more than the beginning of Wave 1 • Wave 4 does not overlap with the price territory of Wave 1 Here we see an example: Let's look at the development: • 1 bar after point (5) a confirmed 5 Motive Wave pattern is found (1 -> 5; The 5 Waves can also be seen as one large Wave 1 ). • Next, the script draws a set of Fibonacci lines, which are area's where the Corrective Wave potentially will bounce. Here we see the fifth wave is getting larger, the previous highest point is updated, and the Wave 5 is larger than Wave 3 : (At this point, the pattern is invalidated, and it display as dotted) Further progression in time: At this point, a confirmed " 3 Corrective Wave pattern " is found (a -> c) When a new high has developed, a circle is drawn (in the same color of the lines) However, when the bottom of the drawn box has breached, a red cross will be visualized. Further progression: Later on, a bearish  confirmed " 5 Motive Wave pattern " is found (1 -> 5): When a Corrective Wave becomes invalidated, the ABC pattern will display as dashed (not dotted): 🔶 TECHNIQUES Pine Script™ introduces methods! • More information can be found here: • Pine Script™ v5 User Manual 👉 Methods • Pine Script™ language reference manual 👉 method 🔶 ALERTS Dynamic alerts are included in the script, you only need to set 1 alert to receive following messages: • When a new EW Motive Pattern is found (Bullish/Bearish ) • When a new EW Corrective Pattern is found (Bullish/Bearish ) • When an EW Motive Pattern is invalidated (Bullish/Bearish ) • When an EW Corrective Pattern is invalidated (Bullish/Bearish ) • When possible, a start of a new EW Motive Wave is found (Bullish/Bearish ) • Here is information how you can set these alerts()
Indicador Pine Script™
por LuxAlgo
147
Elliott Wave - HAP [PRO] █ OVERVIEW  Meet HAP WAVE's real-time automated wave drawing tool on the chart. HAP WAVES Indicator is a technical analysis tool that uses Elliott Wave Theory and various technical indicators to analyze price and volume data in financial markets, such as crypto, stocks, and forex. It automatically draws Elliott Waves on the chart in real-time and provides features to identify potential buy and sell signals. The indicator can be used to identify target areas for waves 3, 5, and C, and shows both downward and upward waves. Additionally, the tool displays the real-time ratio of each wave and allows users to adjust wave rules flexibly. The tool also provides pre-sign analysis to help users predict future waves and includes alerts for various events, such as the start of a wave or the failure of a wave pattern. The indicator includes a trend channel and has several pairs of scan-wave tools. including real-time wave counting ════════════════════════ 🎯 Feature   • Can draw wave lines in real time, indicating at that moment what wave the market is in.   • Automatically identify the target area of waves 3, 5, and C.   • Keep drawing waves automatically. All waves   • Shows both a downward wave (Bear) and an upward wave (Bull).   • Displays the real time ratio of each wave. (when hovering over the wave number)   • Each wave rule can be adjusted flexibly.   • Pre-show signs analyze waves that may occur in the future.   • Alert yourself when you encounter waves that are likely to occur in advance.   • Notify when meeting the start of a given wave.   • Alert when wave 2,4,A,B fail   • Notify when the wave is expanding again   • Multiple alert formats (save your alert, set it up just once, and receive all alerts according to 9–12)   • Hit Trend Channel from Automatic Coupled Price Swing  *There are also several pairs of scan wave tools. ════════════════════════           🔻Components 🎯  Unlocking the Power of the Elliott Wave Theory   feature that can set the starting point of the wave. by yourself   Trend Following Of course, adding this could be an element to help you make your decision easier.   Support and resistance 🎲 Scan version This : ================================ 🎯  Explanation of the wave counter setting section ════════════════════════ ⬜ Understanding its basic principles and rules Elliott Wave Prediction  Elliott Wave Theory is a technical analysis tool that seeks to identify patterns in financial market data and to make predictions about future price movements. The theory was developed by Ralph Nelson Elliott in the 1930s and is based on the idea that financial markets move in repetitive patterns, or waves, that can be analyzed and traded.  The Elliott Wave Theory has specific rules and guidelines for counting waves and determining their characteristics, including direction, size, and duration. The theory divides waves into two categories: motive waves (1, 2, 3, 4, and 5) and corrective waves (A, B, C). Motive waves are those that move in the direction of the overall trend and are subdivided into five smaller waves. Corrective waves are those that move against the trend and are subdivided into three smaller waves.  The theory also includes guidelines for determining the end of a wave and the start of a new wave, as well as rules for determining the characteristics of each wave, such as its size and duration. By analyzing the characteristics of waves and applying the rules and guidelines of the Elliott Wave Theory, traders and investors can make informed decisions about buying and selling in financial markets.  In summary, the Elliott Wave Theory is a technical analysis tool that seeks to identify patterns in financial market data and to make predictions about future price movements. The theory is based on the idea that financial markets move in repetitive patterns, or waves, and has specific rules and guidelines for counting and analyzing these waves.  >> The Elliott Wave Theory divides financial market movements into two categories: motive waves and corrective waves. Each wave has its own cycle and purpose, and understanding these cycles is important for making informed decisions about buying and selling in financial markets. Motive Waves: Motive waves move in the direction of the overall trend and are subdivided into five smaller waves. The five waves of a motive wave cycle are:   •Wave 1: The first wave of a motive wave cycle is often referred to as the "impulse wave." This wave represents the beginning of a new trend and is characterized by strong price movements in the direction of the trend.   •Wave 2: The second wave is a corrective wave that retraces a portion of the gains made in Wave 1. This wave is usually smaller and less intense than Wave 1.   •Wave 3: The third wave is usually the longest and strongest wave of the motive wave cycle, and it represents the continuation of the trend. This wave is characterized by strong price movements in the direction of the trend and is usually much larger than Waves 1 and 2.   •Wave 4: The fourth wave is a corrective wave that retraces a portion of the gains made in Wave 3. This wave is usually smaller and less intense than Waves 1 and 3, and it provides a temporary pause in the trend.   •Wave 5: The fifth wave is the final wave of the motive wave cycle and is usually the shortest and weakest wave. This wave represents the end of the trend and is characterized by a final push in the direction of the trend. Corrective Waves: Corrective waves move against the trend and are subdivided into three smaller waves. The three waves of a corrective wave cycle are:   •A. Wave A: The first wave of a corrective wave cycle is often referred to as the "A wave." This wave is characterized by a downward move against the trend and represents the start of a correction.   •B. Wave B: The second wave of a corrective wave cycle is the "B wave." This wave is characterized by an upward move against the trend, and it represents the counter-trend rally.   •C. Wave C: The final wave of a corrective wave cycle is the "C wave." This wave is characterized by a downward move in the direction of the trend, and it represents the completion of the correction. In summary, the Elliott Wave Theory divides financial market movements into two categories: motive waves, which move in the direction of the trend, and corrective waves, which move against the trend. Understanding the cycle of each wave is important for making informed decisions about buying and selling in financial markets. ════════════════════════ 🎯  CONCEPTS (Disclaimer) Elliott Wave Count  The HAP WAVES indicator is designed for experienced traders who are familiar with advanced trading techniques. This tool is intended for day traders and long-term investors who have a solid understanding of the market and are looking to improve their trading strategy. The indicator was created by a well-known market analyst and is based on the principles and techniques documented in several books, including those by `Jason Perl`.  It is recommended that users of the HAP WAVES indicator have a good understanding of the concepts and techniques discussed in the books that cover this indicator. Before using the tool, it is important to have a good understanding of the underlying principles and techniques in order to make the most of the indicator and potentially improve your trading performance. ════════════════════════ 🎯  Rules and Principles of this Indicator * This description only addresses bullish (uptrend) markets, while bearish (downtrend) gives let you look a vice versa.   • ▶ HAP WAVES Requirements for Wave 1 The Wave 1 HAP WAVES requirements for a bullish (rising) market require that the market has closed a minimum of 21 bars below all 20 previous closes, then closes a maximum of 13 bars above all 12 previous closes, and finally reaches an 8 bar close below all 7 previous closes, to confirm that Wave 2 has formed.   • ▶ HAP WAVES Requirements for Wave 2 The first requirement for Wave 2 is the last requirement for Wave 1, which is a close of at least 8 bars with a close less than the previous 7 bars. Wave 2 continues until the market records a 21-bar close above all 20 previous closes, indicating the start of Wave 3.   • ▶ HAP WAVES Requirements for Wave 3 Wave 3 is confirmed after Wave 2 closes at 21 bars high, and it continues until there is a 13 bar close, indicating the end of Wave 3 and the start of Wave 4.   • ▶ HAP WAVES Requirements for Wave 4 The first requirement for Wave 4 is that there is a close at 13 bars after the end of Wave 3. Wave 4 is complete when the market records a 34 bar close (above all previous 33 closes), indicating the start of Wave 5.   • ▶ HAP WAVES Requirements for Wave 5 The first requirement for Wave 5 is a 34 bar close, signaling the end of Wave 4. The wave is considered complete when a 13 bar close is published, resulting in Wave A.   • ▶ HAP WAVES Requirements for Wave A The HAP WAVES Requirements for Wave A state that the first call for Wave A is a 13 bar close (close below all previous 12 closes), signaling the end of Wave 5. Wave A is considered complete with an 8 bar high close (close above previous 7 closes), leading to the start of Wave B.   • ▶ HAP WAVES Requirements for Wave B The first requirement for Wave B is a 8 bar high close (close above the previous 7 closes) after Wave A. Wave B is complete when there is a 21 bar low close (close below all 20 previous closes).   • ▶ HAP WAVES Requirements for Wave C Wave C starts with a close of 21 bars low for Wave C, meaning the market close is below all 20 previous closes. Wave C is considered closed when the market closes below the close low of Wave A. *  Additional rules to apply the HAP WAVES indicator to the bullish trend   • The peak of Wave 3 must be higher than the close of Wave 1, and the peak of Wave 5 must be higher than the peak of Wave 3.   • If the pullback from Wave 1 is shallow, and the market later retraces above the high close of Wave 1, Wave 1 will slide to the right to align with the new high close.   • If the pullback from Wave 3 is shallow, and the market later retraces above the high close of Wave 3, Wave 3 will slide to the right to align with the new high close.   • Wave 5 will only be confirmed if Wave C crosses the low close of Wave A. If Wave B closes above the high close of Wave 5, Waves A, B and C will be erased and Wave 5 will slide to the right.   • If Wave 2 closes below the low close of Wave 1, the countdown will start over, and if Wave 4 closes below the low close of Wave 2, Wave 2 will move to the location of Wave 4.   • After Wave C crosses the low close of Wave A, Wave 5 will be locked in and cannot move. If the market later retraces above the high close of Wave 5, it will be marked as a new advance in Wave 1 rather than a blur of the previous Wave 5. ════════════════════════
Indicador Pine Script™
por hapharmonic
205
NEoWave Cash Data Pro by ArshiaRahimiNEoWave Cash Data Pro by ArshiaRahimi (Cash Data Display Indicator) By using this indicator, you can see cash data in the Trading View Charts. Cash Data is NEoWave approach data and is used for wave counting of this type. Analysts of Elliot Wave approach can also benefit from this data. In Cash Data, the state of high and low of the candles or in other words their chronology will be determined and the path of price movement will be indicated clearly. You will have no limit to view cash data using this indicator and you will be able to view the cash data of any part of the chart you would like with a 100 percent precision. By default, Indicator shows MonoWave 500 in the ending part of the chart but in order to view the cash data of other parts, you only need to activate the option “ Custom Start” and by adjusting the date of drawing the cash data, you can make the cash data of the part you want to be displayed. The cash data of each chart is displayed in 20 different timeframes including: • Annual timeframe • Monthly, 3month, 6 month timeframe • weekly, 2 week timeframe • daily, 2 day, 3 day timeframe • 6 hour, 12 hour timeframe • 4 hour, 8 hour timeframe • 1 hour, 2 hour, 3 hour timeframe • 5 minute, 10 minute, 15 minute, 30 minute timeframe Other features are also incorporated in this indicator including: • determination of cash data thickness • determination of ascending MonoWaves color • determination of descending MonoWaves color • determination of connecting MonoWaves color • displaying the MonoWaves which might be in question (when high and low occur in a candle) • determination of the questionable MonoWaves color • determination of the date and starting time of cash data drawing • Drawing of the last cash data live and the possibility of determining its drawing delay. • Displaying time slot separator lines • Determination of separator lines color and transparency • Displaying Fade Chart behind cash data • determination of fade chart candles color and transparency • displaying information table of cash data in the corner of the chart which include displaying time frame of the cash data and the number of MonoWaves that exist in the chart. This indicator is designed by Arshia Rahimi of Iran NEoWave Institute. You can be in touch through “ArshiaRahimi” ID. The Indicator will continuously receive its new updates. after publishing, each update will replace the previous version by trading view.
Indicador Pine Script™
por ArshiaRahimi
61
Elliot Wave - ImpulseLets dabble a bit into Elliot Waves. This is a simple script which tries to identify Wave 1 and 2 of Elliot Impulese Wave and then projects for Wave 3. Ratios are taken from below link: elliottwave-forecast.com - Section 3.1 Impulse Wave 2 is 50%, 61.8%, 76.4%, or 85.4% of wave 1 - used for identifying the pattern. Wave 3 is 161.8%, 200%, 261.8%, or 323.6% of wave 1-2 - used for setting the targets Important input parameters Length : Zigzag Length. Keep the numbers low if you are looking for smaller and shorter trades. Keep the numbers high if you are looking for longer and bigger trades. Error Percent : Adjustments for ratios as it is not always possible to find exactly equal retracement ratio. Entry Percent : Once Wave 2 is formed, entry is set after reversing 30% of wave 2. This number can be increased or decreased. Caution: Keeping the number too low may result in false signals. Ignore Trend Direction : If unchecked, it will only look for pattern if Wave 1 has made a higher high. If not, it will ignore Wave 1 condition and only look at wave 1 to 2 ratio. Handle Duplicates : Since, the labels are generated upon crossover of entry price, this crossover may happen multiple times. Or sometimes wave 2 can further extend and generate new signal with same wave 1. This parameter says how to handle such cases. Keep Last is set to default and is most preferred option. ShowRatios and ShowWaves lets you display wave line and retracement ratios for each pivots
Indicador Pine Script™
por Trendoscope
67
EWO Breaking Bands & XTLElliott Wave Principle, developed by Ralph Nelson Elliott , proposes that the seemingly chaotic behaviour of the different financial markets isn’t actually chaotic. In fact the markets moves in predictable, repetitive cycles or waves and can be measured and forecast using Fibonacci numbers. These waves are a result of influence on investors from outside sources primarily the current psychology of the masses at that given time. Elliott wave predicts that the prices of the a traded currency pair will evolve in waves: five impulsive waves and three corrective waves. Impulsive waves give the main direction of the market expansion and the corrective waves are in the opposite direction (corrective wave occurrences and combination corrective wave occurrences are much higher comparing to impulsive waves) The Elliott Wave Oscillator ( EWO ) helps identifying where you are in the 5 / 3 Elliott Waves , mainly the highest/lowest values of the oscillator might indicate a potential bullish / bearish Wave 3. Mathematically expressed, EWO is the difference between a 5 period and 35 period moving average. In this study instead 35-period, Fibonacci number 34 is implemented for the slow moving average and formula becomes ewo = sma (HL2, 5) - sma (HL2, 34) The Elliott Wave Oscillator enables traders to track Elliott Wave counts and divergences. It allows traders to observe when an existing wave ends and when a new one begins. Included with the EWO are the breakout bands that help identify strong impulses. The Expert Trend Locator ( XTL ) was developed by Tom Joseph (in his book Applying Technical Analysis) to identify major trends, similar to Elliott Wave 3 type swings. Blue bars are bullish and indicate a potential upwards impulse. Red bars are bearish and indicate a potential downwards impulse. White bars indicate no trend is detected at the moment. Added "TSI Arrows". The arrows is intended to help the viewer identify potential turning points. The presence of arrows indicates that the TSI indicator is either "curling" up under the signal line, or "curling" down over the signal line. This can help to anticipate reversals, or moves in favor of trend direction.
Indicador Pine Script™
por OskarGallard
40
Elliott Wave - OscillatorWaves3: Indicated in RED Line(Upwards) and Green Line(Downwards) - Detects wave greater than SMA Waves4: Maximum height indicated in yellow Line - Detects when wave greater than SMA (Wave 3 or 5) approaches wave 4 regression point Waves5: Indicated in White Line - Detects divergence in oscilator and price, meaning end of trend Appreciate any suggestions, collaboration, comments or ideas. Detects Waves 3 , 4 and 5 Alerts for Waves 3, 4 and 5(red, green and white)
Indicador Pine Script™
por edgartrader1396
19
Elliott Wave Oscillator Signals by DGTElliott Wave Principle , developed by Ralph Nelson Elliott, proposes that the seemingly chaotic behaviour of the different financial markets isn’t actually chaotic. In fact the markets moves in predictable, repetitive cycles or waves and can be measured and forecast using Fibonacci numbers. These waves are a result of influence on investors from outside sources primarily the current psychology of the masses at that given time. Elliott wave predicts that the prices of the a traded currency pair will evolve in waves: five impulsive waves and three corrective waves. Impulsive waves give the main direction of the market expansion and the corrective waves are in the opposite direction (corrective wave occurrences and combination corrective wave occurrences are much higher comparing to impulsive waves) The Elliott Wave Oscillator (EWO) helps identifying where you are in the 5-3 Elliott Waves, mainly the highest/lowest values of the oscillator might indicate a potential bullish/bearish Wave 3. Mathematically expressed, EWO is the difference between a 5-period and 35-period moving average based on the close. In this study instead 35-period, Fibonacci number 34 is implemented for the slow moving average and formula becomes ewo = ema(source, 5) - ema(source, 34) The application of the Elliott Wave theory in real time trading gets difficult because the charts look messy. This study (EWO-S) simplifies the visualization of EWO and plots labels on probable reversals/corrections. The good part is that all plotting’s are performed on the top of the price chart including a histogram (optional and supported on higher timeframes). Additionally optional Keltner Channels Cloud added to help confirming the price actions. What to look for: Plotted labels can be used to follow the Elliott Wave occurrences and most importantly they can be considered as signals for possible trade setup opportunities. Elliott Wave Rules and Fibonacci Retracement/Extensions are suggested to confirm the patters provided by the EWO-S Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely Disclaimer : The script is for informational and educational purposes only. Use of the script does not constitutes professional and/or financial advice. You alone the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd TradingView user liable for any possible claim for damages arising from any decision you make based on use of the script
Indicador Pine Script™
por dgtrd
281
W5T Elliott Wave Indicator SuiteThe Elliott Wave Indicator Suite brings order and reason to the world of Swing Trading, Intraday Trading and Day Trading. It greatly illuminates the path through the forest of chaotic markets versus getting lost among all the trees. Perfect for Stocks, Forex, Futures, Commodities, Indexes and even Crypto Currency markets. Watch the Video Tour and find out More >>>HERE<<< Includes: Elliott Wave Indicator High Probability Pull Back Zones Elliott Wave isolation Automated Target Zones False Breakout Stochastic Automated Elliott Wave Count Special 5/35 Pull Back Oscillator 6/4 MA High & Low for Trade Entry & Management Training Bootcamp Free Monthly Live Support Webinars
Indicador Pine Script™
por xBratSoftwareSolutions
38
Any Problems with ELLIOTT WAVES? Here my secret to count the EW!Hi at all! Have someone any problems to count the Elliott Waves correctly? Then use my modified indicator. The indicator shows a fast and a slow RSI oscillator. I use this indicator to find the 3. wave on any big wave -> so I can find always trend wave und can indicate with that than the correction wave. I set an example on the chart, so you can look at the peaks the RSI oscillator shows. The highest peak show the 3. wave of Elliott Waves. If you know the 3. wave you can immediately see the wave 1, 2 and of course 4 and 5. For better instruction this indicator get green and red, if the fast RSI is higher or lower than the slow RSI. This color changing helps also to see every spectrum of a wave.
Indicador Pine Script™
por NXT2017
76