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Elliott Wave Structure
Elliott Wave Structure is a visual market-structure tool that identifies potential Elliott Wave sequences using confirmed swing highs and lows.
The indicator connects confirmed pivots to create a clear wave structure and labels the most recent sequence as 1–2–3–4–5 and A–B–C when sufficient swing points are available.
Impulse Waves
Wave 1 — The initial move that begins a potential new trend.
Wave 2 — A corrective retracement of Wave 1 that does not completely invalidate the new trend.
Wave 3 — Typically the strongest impulse phase, as participation in the developing trend increases.
Wave 4 — A corrective pause following Wave 3 before the potential final impulse.
Wave 5 — The final impulse wave of the sequence, often occurring with weaker momentum than Wave 3.
Corrective Waves
Wave A — The initial move against the preceding five-wave trend.
Wave B — A temporary counter-move that attempts to resume the previous trend.
Wave C — The final leg of the correction, completing the potential A–B–C structure.
How It Works
The indicator uses confirmed pivot points to identify significant market swings. The **Pivot Length** input controls how sensitive the swing detection is:
* Lower values detect smaller and more frequent swings.
* Higher values focus on larger and more significant swings.
Because pivots require confirmation, the most recent wave structure can change as new price action develops.
Important Note
Elliott Wave analysis involves interpretation and multiple valid wave counts can exist on the same market. This indicator provides a **visual representation of potential wave structure** based on confirmed market swings; it does not determine the definitive Elliott Wave count.
Disclaimer
This indicator is provided for **educational and informational purposes only**. It does not constitute financial, investment, trading, or other professional advice.
Past market behavior does not guarantee future results. Trading financial markets involves substantial risk, and you should conduct your own research and use appropriate risk management before making any trading decisions.
The author makes no guarantee regarding the accuracy, completeness, or future performance of any signals, wave counts, or interpretations generated by this indicator.
The indicator connects confirmed pivots to create a clear wave structure and labels the most recent sequence as 1–2–3–4–5 and A–B–C when sufficient swing points are available.
Impulse Waves
Wave 1 — The initial move that begins a potential new trend.
Wave 2 — A corrective retracement of Wave 1 that does not completely invalidate the new trend.
Wave 3 — Typically the strongest impulse phase, as participation in the developing trend increases.
Wave 4 — A corrective pause following Wave 3 before the potential final impulse.
Wave 5 — The final impulse wave of the sequence, often occurring with weaker momentum than Wave 3.
Corrective Waves
Wave A — The initial move against the preceding five-wave trend.
Wave B — A temporary counter-move that attempts to resume the previous trend.
Wave C — The final leg of the correction, completing the potential A–B–C structure.
How It Works
The indicator uses confirmed pivot points to identify significant market swings. The **Pivot Length** input controls how sensitive the swing detection is:
* Lower values detect smaller and more frequent swings.
* Higher values focus on larger and more significant swings.
Because pivots require confirmation, the most recent wave structure can change as new price action develops.
Important Note
Elliott Wave analysis involves interpretation and multiple valid wave counts can exist on the same market. This indicator provides a **visual representation of potential wave structure** based on confirmed market swings; it does not determine the definitive Elliott Wave count.
Disclaimer
This indicator is provided for **educational and informational purposes only**. It does not constitute financial, investment, trading, or other professional advice.
Past market behavior does not guarantee future results. Trading financial markets involves substantial risk, and you should conduct your own research and use appropriate risk management before making any trading decisions.
The author makes no guarantee regarding the accuracy, completeness, or future performance of any signals, wave counts, or interpretations generated by this indicator.
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免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
开源脚本
秉承TradingView的精神，该脚本的作者将其开源，以便交易者可以查看和验证其功能。向作者致敬！您可以免费使用该脚本，但请记住，重新发布代码须遵守我们的网站规则。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。