OPEN-SOURCE SCRIPT
EW CountHelper HiLo/Volume-based; with predict-tendency

Here is my Elliott wave count assistant. It is volume based and remarkable signifant to me,
how well volume changes can even predict the next swing. (If you use it, you will see that is a little faster
and oftenly more accentuated than the original price swing.)
Standard use: Lean back from the screne to see the whole picture more likely than details.
The beginning of a green cluster is the begining of a new wave one, the end is the end of wave 5 . Red is correcting abc. (Upside down valid in downtrends.)
Advanced use : You will see that most of stocks have their own bullsih support, somewhere below zero.
Mark it with an horizontal line as an additional warner for reversals.
Btw: Have a look at the last "upswing" of SPLK in my example (Start March, 8th, 2019)
My Indicator says that is still correcting - ergo a b wave (probably of a zigzag, so further decline to expect.)
Have fun and help with it!
Yoxxx
how well volume changes can even predict the next swing. (If you use it, you will see that is a little faster
and oftenly more accentuated than the original price swing.)
Standard use: Lean back from the screne to see the whole picture more likely than details.
The beginning of a green cluster is the begining of a new wave one, the end is the end of wave 5 . Red is correcting abc. (Upside down valid in downtrends.)
Advanced use : You will see that most of stocks have their own bullsih support, somewhere below zero.
Mark it with an horizontal line as an additional warner for reversals.
Btw: Have a look at the last "upswing" of SPLK in my example (Start March, 8th, 2019)
My Indicator says that is still correcting - ergo a b wave (probably of a zigzag, so further decline to expect.)
Have fun and help with it!
Yoxxx
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que la republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no pretenden ser, ni constituyen, asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que la republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no pretenden ser, ni constituyen, asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.