Oscar118

OJLJ Elliott Waves Detector

This script is made to identify Elliot Waves by setting a zigzag line as principal source, it identifies patterns with the most common rules, in the chart you will see a number in each wave detected, a wave could have the characteristics to be two different waves so it will be plotted the options that could be, To identify which one is most trustable I suggest to use the Fibonacci levels options.

Features:
+ All waves ? (Option to show just the 5 Wave patterns recognition)
+ Draw zigzag line (Option to show the zigzag line)
+ Supports Multiple instruments, from FOREX to Stocks
+ It works on all the timeframes
+ Show Fib levels (Option to show the Fibonacci levels)
+ Fibonacci levels fit test (Green crosses mark were should a Bull wave be to fit with a Fibonacci Level While the purple crosses show were should the wave fit to be a bear trend, the more closer with the point of the wave the most trustable Example, a 5 Wave Bull could also be a 2 Bear Wave, if the green cross is closer to the orange point of the wave then is a 5 Wave Bull, if the purple cross is closer to the orange point)
+ A background color also show when a 5 pattern is identified
+ The way to plot the zigzag can be changed with 3 Input options


Characteristics to add in future updates:
+ Detect more than 1 cycle at the same time
+ Use a volume indicator to identify how many volume was traded in each wave
+ Implement the use of the EWO ( Elliot Wave Oscillator)
+ Improve the display
+ Identify ABC patterns
+ Add triangles and Zigzag formations

To have access to this script please send me a message ;D
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HI, can i have access please. thank you!
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Oscar118 joebless
@joebless, You have access now :)
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Hi Oscar, your script looks so tasty. Can grant me access please ?
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Oscar118 namchum2006
@namchum2006, Yes yes :D
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Hello, Could i try your indicator? Thank you
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Oscar118 hiep1902
@hiep1902, You have access now :)
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Hi Oscar, Your indicator looks great could you please grant me the access ? thanks a lot
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Oscar118 fabienben
@fabienben, Sure :)
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Hello, Can I please try out your indicator. I would like to try it? Thank you.

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Oscar118 mrjoints
@mrjoints, Yes yes yes, check now :D
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