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
Script solo mediante invitación

El acceso a este script está restringido a los usuarios autorizados por el autor y, por regla general, es de pago. Puede añadirlo a sus favoritos, pero solo podrá usarlo si solicita permiso al autor y éste le autoriza. Póngase en contacto con Oscar118 para obtener más información o siga las siguientes instrucciones del autor.

TradingView sugiere que no utilice ni pague un script si no confía totalmente en su autor o cuando no comprenda su funcionamiento. En muchos casos, puede encontrar una buena alternativa de código abierto de forma gratuita en nuestra Biblioteca pública.

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Comentarios

Hello Oscar118, Can i get access please?
100 monedas
+7 Responder
Hı Oscar 118 can you give me access please
100 monedas
+1 Responder
Hi great work,

May I access to use your indicator Please?

Thank you

Billy
100 monedas
Responder
hello Oscar118 .. Could you please give me access
100 monedas
Responder
Hi Oscar118! can you give me access, please?
100 monedas
Responder
hi can you give me access
+10 Responder
Oscar118 sbhassan
@sbhassan, Yes :D
+1 Responder
Oscar118 sbhassan
@sbhassan, Sure you have acces now :)
Responder
hi, can i have access to use the script?
+7 Responder
Hi Oscar. Nice job! Could you give me an access to this indicator? Tks a lot!
+3 Responder