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
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.