OPEN-SOURCE SCRIPT
Actualizado Elliott Wave Analysis
Initially, Elliott wave analysis is designed to simplify and increase the objectivity of graph analysis using the Elliott method. Probably, this indicator can be successfully used in trading without knowing the Elliott method.
The indicator is based on a supertrend. Supertrends are built in accordance with the Fibonacci grid. The degree of waves in the indicator settings corresponds to a 1-hour timeframe - this is the main mode of working with the indicator. I also recommend using weekly (for evaluating large movements) and 1-minute timeframes.
When using other timeframes, the baseline of the indicator will correspond to:
1 min-Submicro
5 minutes-Micro
15 minutes-Subminuette
1 hour-Minuette
4 hours-Minute
Day-Minor
Week-Intermediate
Month-Primary
Those who are well versed in the Elliott method can see that the waves fall on the indicator almost perfectly. To demonstrate this, I put the markup on the graph
The indicator is based on a supertrend. Supertrends are built in accordance with the Fibonacci grid. The degree of waves in the indicator settings corresponds to a 1-hour timeframe - this is the main mode of working with the indicator. I also recommend using weekly (for evaluating large movements) and 1-minute timeframes.
When using other timeframes, the baseline of the indicator will correspond to:
1 min-Submicro
5 minutes-Micro
15 minutes-Subminuette
1 hour-Minuette
4 hours-Minute
Day-Minor
Week-Intermediate
Month-Primary
Those who are well versed in the Elliott method can see that the waves fall on the indicator almost perfectly. To demonstrate this, I put the markup on the graph
Notas de prensa
Added 3 levels of trading signals. The entry is carried out on a correction, counting on the resumption of the trend. The color of the signal corresponds to this trend.Notas de prensa
Added a pair of Minuette signals. Added filters for all signals: rejected signals on too fast and too slow trendNotas de prensa
Filtering is now optionalNotas de prensa
The filter has been changed. Now only signals that are very far from the old trend line are rejectedNotas de prensa
All blue signals directed against the red trend have been removedNotas de prensa
-- The visualization of signals has been changed -- The indicator colors are now tied to the degrees of the waves, regardless of the timeframe. For example, for Line 1(the fastest indicator line) for different timeframes, the colors (by default) will be as follows:
1 min-Submicro blue
5 minutes-Micro green
15 minutes-Subminuette red
1 hour-Minuette blue
4 hours-Minute green
Day-Minor red
Week-Intermediate blue
Month-Primary green
Notas de prensa
-- The script is adapted for version 5 of the Pine editor-- Added line 0, which participates in the formation of sell1/buy1 signals. By default, it is not displayed
-- Lines 4 and 5 are now not displayed by default for ease of perception
Script de código abierto
Siguiendo fielmente el espíritu de TradingView, el creador de este script lo ha publicado en código abierto, permitiendo que otros traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Puede utilizarlo de forma gratuita, pero tenga en cuenta que la publicación de este código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
Script de código abierto
Siguiendo fielmente el espíritu de TradingView, el creador de este script lo ha publicado en código abierto, permitiendo que otros traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Puede utilizarlo de forma gratuita, pero tenga en cuenta que la publicación de este código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.