OPEN-SOURCE SCRIPT

Elliott Wave Analysis

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Elliott Wave Analysis Indicator for TradingView
A comprehensive Pine Script indicator that helps identify and label Elliott Wave patterns with full customization.
Features:
Wave Patterns (toggle on/off)

Impulse Waves (1-2-3-4-5)
Corrections (A-B-C)
Flats (3-3-5 structure)
Zigzags (5-3-5 structure)
Triangles, Flags, Wedges (a-b-c-d-e)

Wave Degrees (15 hierarchical levels - toggle individually)

Supermillennium → Miniscule
Proper numbering for each degree (Roman numerals, Arabic numerals, circled numbers, etc.)

Technical Tools

Trend Channels: Auto-detects and draws upper/lower channels
Fibonacci Retracement: 0%, 23.6%, 38.2%, 50%, 61.8%, 78.6%, 100%
Fibonacci Extension: 127.2%, 161.8%, 200%, 261.8%

Visual Design

White color only (no distractions)
Clean, professional appearance
Fully optional inputs—show only what you need

How It Works:

Customize via indicator settings to toggle wave patterns, degrees, channels, and Fibonacci levels on/off. Adapt the indicator to match your Elliott Wave analysis timeframe and trading style.

Declinazione di responsabilità

Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.