INVITE-ONLY SCRIPT
Updated DCA Wave Projection
DCA Wave Projection
A sophisticated educational indicator for Elliott Wave and Wave Theory practitioners, offering adaptive pivot detection and multi-scenario projections to support structured technical analysis. Built for traders seeking precision in wave identification, it integrates volatility-adjusted zigzags with Fibonacci-derived targets, providing layered insights into potential continuations and reversals.
Each projection includes contextual tooltips with empirical historical frequency data, enabling informed assessment of pattern reliability based on the asset's past behavior.
Core Capabilities.
Volatility-Responsive ZigZag Detection. Automatically calibrates pivot sensitivity using ATR and golden ratio scaling, delivering consistent swing capture across varying market conditions and timeframes, reducing subjective adjustments while highlighting meaningful highs/lows.
Dual-Path Projections with Probabilistic Layering.
Primary (impulse continuation) and Alternative (corrective reversal) scenarios, each featuring three graduated levels informed by prior leg distributions. Tooltips on pivots and endpoints detail wave rationale, Fib ratios, and conditional historical hit rates (e.g., "This extension aligned in 62% of comparable setups").
Extended Wave Modeling for Comprehensive Analysis.
Modular toggles for Waves 2-5, including nuanced Wave 4 retracements (0.236 to 0.5 Fibs). Incorporate post-impulse ABC corrections or embed them as Wave 4 variants, with ABCDE extensions for deeper corrective analysis, all visually layered for clarity.
Customization and Visual Precision.
Timeframe-normalized projection horizons, curved/solid line options, color gradients for directional bias (e.g., ascending blues/greens vs. descending reds/oranges), and label toggles. Scale outputs via multipliers for strategy alignment, whether manual trading or algorithmic backtesting.
Practical Application in a Trading Workflow.
Envision deploying this on a 4H EUR/USD chart: Adaptive zigzags delineate a nascent Wave 1 advance, projecting three Primary targets with tooltips quantifying historical alignment (e.g., "Level 2: 1.618 extension, observed in 71% of upward impulses exceeding 50% retrace depth").
Cross-reference Alternative reversal levels against key EMAs for risk framing, or extend to ABC post-Wave 5 for pullback planning in equity portfolios. On volatile assets like BTC/USD (daily), the scaling shines by filtering noise, spotlighting high-conviction Wave 3 thrusts.
Pair with ancillary studies, RSI divergences for invalidation cues or volume profiles for thrust validation, to construct a multi-layered thesis. Input versatility supports stylistic variance: Compress scales for scalping setups or elongate for positional holds, always emphasizing confluence over isolation.
This indicator is expressly designed for educational and analytical exploration. Trading and investing entail substantial risk of capital loss; no element of this tool forecasts, endorses, or assures future market behavior. Historical derivations serve illustrative roles only and do not presage recurrence.
It constitutes neither investment recommendation nor financial advice. Undertake thorough personal research, consider your risk tolerance, and seek guidance from licensed professionals before any action.
A sophisticated educational indicator for Elliott Wave and Wave Theory practitioners, offering adaptive pivot detection and multi-scenario projections to support structured technical analysis. Built for traders seeking precision in wave identification, it integrates volatility-adjusted zigzags with Fibonacci-derived targets, providing layered insights into potential continuations and reversals.
Each projection includes contextual tooltips with empirical historical frequency data, enabling informed assessment of pattern reliability based on the asset's past behavior.
Core Capabilities.
Volatility-Responsive ZigZag Detection. Automatically calibrates pivot sensitivity using ATR and golden ratio scaling, delivering consistent swing capture across varying market conditions and timeframes, reducing subjective adjustments while highlighting meaningful highs/lows.
Dual-Path Projections with Probabilistic Layering.
Primary (impulse continuation) and Alternative (corrective reversal) scenarios, each featuring three graduated levels informed by prior leg distributions. Tooltips on pivots and endpoints detail wave rationale, Fib ratios, and conditional historical hit rates (e.g., "This extension aligned in 62% of comparable setups").
Extended Wave Modeling for Comprehensive Analysis.
Modular toggles for Waves 2-5, including nuanced Wave 4 retracements (0.236 to 0.5 Fibs). Incorporate post-impulse ABC corrections or embed them as Wave 4 variants, with ABCDE extensions for deeper corrective analysis, all visually layered for clarity.
Customization and Visual Precision.
Timeframe-normalized projection horizons, curved/solid line options, color gradients for directional bias (e.g., ascending blues/greens vs. descending reds/oranges), and label toggles. Scale outputs via multipliers for strategy alignment, whether manual trading or algorithmic backtesting.
Practical Application in a Trading Workflow.
Envision deploying this on a 4H EUR/USD chart: Adaptive zigzags delineate a nascent Wave 1 advance, projecting three Primary targets with tooltips quantifying historical alignment (e.g., "Level 2: 1.618 extension, observed in 71% of upward impulses exceeding 50% retrace depth").
Cross-reference Alternative reversal levels against key EMAs for risk framing, or extend to ABC post-Wave 5 for pullback planning in equity portfolios. On volatile assets like BTC/USD (daily), the scaling shines by filtering noise, spotlighting high-conviction Wave 3 thrusts.
Pair with ancillary studies, RSI divergences for invalidation cues or volume profiles for thrust validation, to construct a multi-layered thesis. Input versatility supports stylistic variance: Compress scales for scalping setups or elongate for positional holds, always emphasizing confluence over isolation.
This indicator is expressly designed for educational and analytical exploration. Trading and investing entail substantial risk of capital loss; no element of this tool forecasts, endorses, or assures future market behavior. Historical derivations serve illustrative roles only and do not presage recurrence.
It constitutes neither investment recommendation nor financial advice. Undertake thorough personal research, consider your risk tolerance, and seek guidance from licensed professionals before any action.
Release Notes
- **ABC Waves Control Fix**: Resolved issue preventing full disable of ABC corrective waves. Now respects the "Show ABC Corrective Waves (as Wave 4 after Wave 3)" toggle independently, even with Full EW enabled—cleaner customization for reversal/continuation views.- **Input Enhancements**: Added helpful tooltip to the Adaptive Zigzag Length option, noting optimal use on 4H+ charts for volatility adaptation. Default now off for smoother performance on shorter timeframes.
- **Minor Polish**: Streamlined projection rendering for fewer visual overlaps; no functional changes to core zigzag or Fib logic.
Release Notes
.Release Notes
User Interface Improvements- **New Input Toggle**: Introduced `showWave2ABC` option to independently enable/disable ABC projections for Wave 2, allowing finer control without affecting other corrective waves.
Bug Fixes
- **Line Style Rendering**: Resolved an issue where line styles (solid arrow vs. dashed) were not properly applied in certain projection branches, ensuring consistent visuals for primary (solid) and alternative (dashed) scenarios.
Performance & Stability
- Minor optimizations in projection calculations by centralizing common ABC logic, improving maintainability and reducing potential for future inconsistencies.
- No changes to core zigzag detection, historical leg analysis, or timeframe-adaptive features.
Release Notes
Update - Reversal Base Fix- Fixed incorrect "already reached" status and probability calculations in the alternative (reversal) base
- Reversal projections now show accurate conditional historical percentages
- Eliminated invalid results like >100% probabilities
Overall, more reliable and consistent behavior when the market reverses
Release Notes
Small visual patch:Projections after the primary base (all Wave 2 retracements, Wave 3, Wave 4, Wave 5 and ABC corrective waves) are now dashed lines for clearer distinction.
The main primary base Wave 1 stays solid.
Everything else unchanged. Enjoy the cleaner look!
Release Notes
.Release Notes
.Release Notes
**New Feature:**- Added **"Tooltip Marker Style"** setting with 3 options:
- **None** → Completely invisible markers + **arrow lines** (cleanest chart)
- **Circle** → Classic colored circles (original look)
- **Cross** → Colored crosses instead of circles
**Changes:**
- When **"None"** is selected → All lines (including Wave 2/3/4/5, ABC, Alternative, etc.) now use **arrow style**
- Primary Wave 1 always stays solid arrow
Release Notes
New toggle for tooltip markers:none
circles
crosses
Release Notes
**✅ Update Patch Description****DCA Wave Projection – Percentage-Based Fix**
- Fixed the “almost horizontal / too shallow” green, aqua, yellow & orange projections on trending assets
- Switched all legs, projections, Fib waves & statistics to true percentage-based (mathematically correct scaling)
- Projections now grow/shrink naturally with price level — no more ancient tiny-dollar legs polluting the math
Release Notes
.Release Notes
Small bug fixRelease Notes
Reversal base Bug fixInvite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact DCAChampion directly.
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Author's instructions
⚡️ Request a trial or subscribe to our premium🛠️tools at ➡️DCAlpha.net
All scripts & content provided by DCAChampion are for informational & educational purposes only.
All scripts & content provided by DCAChampion are for informational & educational purposes only.
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.
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact DCAChampion directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
⚡️ Request a trial or subscribe to our premium🛠️tools at ➡️DCAlpha.net
All scripts & content provided by DCAChampion are for informational & educational purposes only.
All scripts & content provided by DCAChampion are for informational & educational purposes only.
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.