OPEN-SOURCE SCRIPT
Elliott Wave Predictor & Dynamic Target Matrix (1 Year Map)
Elliott Wave Predictor & Dynamic Target Matrix
This indicator takes the guesswork out of complex technical analysis by algorithmically detecting Elliott Wave structures in real-time and continuously projecting the most probable future sequence directly onto your chart.
Building upon classical Elliott Wave theory, this tool doesn’t just show you where price has been; it explicitly maps out exactly where price is going. Utilizing smart structural pivot detection, rigorous Fibonacci ratio validation, and a dynamic chronological target matrix, traders can effortlessly visualize unfolding impulsive and corrective cycles before they happen.
Core Features:
Algorithmic Structural Detection: The engine automatically filters out minor price noise to detect the primary 5-wave impulsive pivot sequence anchoring current market movements, eliminating the need for manual and subjective chart drawing.
Predictive Future Sequencing: Instead of merely labeling past waves, the indicator continuously draws forward-looking dashed projection lines into the future, dynamically predicting the entire 9-step Elliott Wave cycle (Impulse 1-5 + Corrective A-B-C-X-Y).
Dynamic Chronological Target Matrix: A sleek, user-friendly table mounts directly to your chart, acting as a live forecasting queue. It chronologically outputs the exact price targets, Fibonacci extensions/retracements, and required percentage moves for the immediate next 9 steps of the active cycle.
Alternate Scenario Tracking (Bull/Bear Flipping): Toggling the "Alternate Scenario" feature instantly mounts a secondary, fully independent target matrix to your chart and projects the inverted wave structure simultaneously. Never get caught off-guard; always have the mathematical targets for both the primary and alternate market directions mapped out simultaneously.
EW Confidence Scoring System: Displays a built-in confidence score evaluating how tightly the detected pivot structure adheres to strict Elliott Wave rules (e.g., assessing if Wave 3 is the shortest, or if Wave 4 overlaps Wave 1), giving you a clear probabilistic health-check on the current wave count.
Smart Auto-Adaptation: The forecasting lines originate seamlessly from the absolute tip of the current live candle, constantly updating percentage metrics relative to the real-time exact price.
Customization Options:
Designed to maintain completely clean and uncluttered charts:
Granular control over Wave visibility, allowing you to hide historical structures and focus solely on future predictions.
"ZigZag Depth" adjustments allow you to easily fine-tune the indicator's sensitivity to macro or micro trends depending on your timeframe.
Fully adjustable aesthetic settings for all text labels, table sizes, and projection line colors.
Whether you are long-term investing using daily charts or day-trading intraday volatility, the Elliott Wave Predictor is designed to keep you mathematically tethered to the smartest probabilistic outcome of the next market cycle!
This indicator takes the guesswork out of complex technical analysis by algorithmically detecting Elliott Wave structures in real-time and continuously projecting the most probable future sequence directly onto your chart.
Building upon classical Elliott Wave theory, this tool doesn’t just show you where price has been; it explicitly maps out exactly where price is going. Utilizing smart structural pivot detection, rigorous Fibonacci ratio validation, and a dynamic chronological target matrix, traders can effortlessly visualize unfolding impulsive and corrective cycles before they happen.
Core Features:
Algorithmic Structural Detection: The engine automatically filters out minor price noise to detect the primary 5-wave impulsive pivot sequence anchoring current market movements, eliminating the need for manual and subjective chart drawing.
Predictive Future Sequencing: Instead of merely labeling past waves, the indicator continuously draws forward-looking dashed projection lines into the future, dynamically predicting the entire 9-step Elliott Wave cycle (Impulse 1-5 + Corrective A-B-C-X-Y).
Dynamic Chronological Target Matrix: A sleek, user-friendly table mounts directly to your chart, acting as a live forecasting queue. It chronologically outputs the exact price targets, Fibonacci extensions/retracements, and required percentage moves for the immediate next 9 steps of the active cycle.
Alternate Scenario Tracking (Bull/Bear Flipping): Toggling the "Alternate Scenario" feature instantly mounts a secondary, fully independent target matrix to your chart and projects the inverted wave structure simultaneously. Never get caught off-guard; always have the mathematical targets for both the primary and alternate market directions mapped out simultaneously.
EW Confidence Scoring System: Displays a built-in confidence score evaluating how tightly the detected pivot structure adheres to strict Elliott Wave rules (e.g., assessing if Wave 3 is the shortest, or if Wave 4 overlaps Wave 1), giving you a clear probabilistic health-check on the current wave count.
Smart Auto-Adaptation: The forecasting lines originate seamlessly from the absolute tip of the current live candle, constantly updating percentage metrics relative to the real-time exact price.
Customization Options:
Designed to maintain completely clean and uncluttered charts:
Granular control over Wave visibility, allowing you to hide historical structures and focus solely on future predictions.
"ZigZag Depth" adjustments allow you to easily fine-tune the indicator's sensitivity to macro or micro trends depending on your timeframe.
Fully adjustable aesthetic settings for all text labels, table sizes, and projection line colors.
Whether you are long-term investing using daily charts or day-trading intraday volatility, the Elliott Wave Predictor is designed to keep you mathematically tethered to the smartest probabilistic outcome of the next market cycle!
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.