Elliott Wave, indicating possible waves 2, 3, 4 and 5
Based on my Elliott Wave - Oscillator, this signals are converted into numbers displayed on chart:
Waves2, Waves3, Waves4, Waves5:
- Indicated on Chart with numbers
Fib fan Wave 4 retracement
- Blue, green and red lines for optimum retracement
Probability and target for wave 5
- Plotted when wave 4 is...
Elliott Wave, indicating possible waves 2, 3, 4 and 5
Based on my Elliott Wave - Oscillator, this signals are converted into numbers displayed on chart:
Waves2, Waves3, Waves4, Waves5:
- Indicated on Chart with numbers
Fib fan Wave 4 retracement
- Blue, green and red lines for optimum retracement
Probability and target for wave 5
- Plotted when wave 4 is...
Waves3: Indicated in RED Line(Upwards) and Green Line(Downwards)
- Detects wave greater than SMA
Waves4: Maximum height indicated in yellow Line
- Detects when wave greater than SMA (Wave 3 or 5) approaches wave 4 regression point
Waves5: Indicated in White Line
- Detects divergence in oscilator and price, meaning end of trend
Appreciate any suggestions,...
HI BIG PLAYERS,
here's another indicator that I use pretty often.
The waves of Elliott Wave theory are automatically detected and displayed.
It makes it possible to count the Elliott waves almost always correctly and plausibly. However, the tool can only detect wave 3 as well as waves 5, A, B and C. The rest you have to draw yourself.
Sometimes the waves 3...
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![USDJPY: Elliott Wave - AutoCounting [NXT2017] draws the Wave 3 and 5](https://s3.tradingview.com/h/H6INzuFc_mid.png "Elliott Wave - AutoCounting [NXT2017] draws the Wave 3 and 5")
