Target Scanner

This invite-only indicator implements an advanced Wolfe Wave pattern recognition system specifically designed for Borsa Istanbul (BIST) stock screening across multiple timeframes and mathematical ratio calculations.

**Core Technical Framework:**
The indicator employs sophisticated mathematical calculations across 10 distinct timeframes (377, 233, 144, 89, 55, 34, 21, 13, 8, 5 periods) using Elliott Wave ratio theory combined with algorithmic pattern detection. Unlike standard scanning tools that rely on basic technical indicators, this system uses quantitative Wolfe Wave analysis to identify precise entry and exit points across 560+ BIST stocks simultaneously.

**Key Features:**
• **Multi-Stock Scanning:** Simultaneously analyzes 40 stocks per list across 14 different BIST stock lists (560+ total stocks)
• **Advanced Pattern Detection:** Implements Wolfe Wave mathematical validation using 24 different ratio calculation methods including Fibonacci sequences, Elliott Wave ratios, Golden Ratio, Harmonic Patterns, Pi-based calculations, volatility-based dynamic ratios, and AI-optimized mathematical progressions
• **Real-Time Screening Table:** Displays active signals with current price, signal price, target price, expected profit percentage, and calculated stop-loss levels
• **Reliability Scoring System:** EPA (Entry Point Accuracy) and ETA (Exit Target Accuracy) scoring with historical performance tracking
• **Visual Signal Display:** Comprehensive signal boxes showing profit zones, stop-loss areas, entry levels, and estimated time to target completion

**Mathematical Implementation:**
The core algorithm calculates price relationships using configurable mathematical ratios. For bullish conditions, it identifies entry points when price action meets specific criteria:
- Point validation through ratio analysis between swing highs/lows across multiple timeframes
- Mathematical confirmation using (pv - pf) / (pv - pd) ratio calculations
- Confluence validation across timeframes with dynamic ratio adjustments
- Minimum profit threshold filtering to ensure signal quality

**Originality and Innovation:**
This implementation differs significantly from traditional scanning tools through several key innovations:
1. **Multi-Timeframe Wolfe Wave Detection:** Simultaneous pattern recognition across 10 timeframes rather than single-timeframe analysis
2. **Adaptive Ratio Systems:** 24 different mathematical calculation methods including volatility-based, time-based, momentum-based, and volume-weighted ratio adjustments
3. **BIST-Specific Optimization:** Tailored specifically for Turkish stock market characteristics with 14 pre-configured stock lists
4. **Institutional-Grade Visualization:** Advanced signal boxes with profit/loss zones, multiple entry levels, and time-based target estimation
5. **Real-Time Performance Tracking:** Dynamic EPA/ETA scoring system that tracks historical accuracy and adapts calculations

**Signal Generation Logic:**
The system generates signals when multiple mathematical conditions align:
- Wolfe Wave pattern completion across specified timeframes
- Ratio validation using selected mathematical progression (Fibonacci, Golden Ratio, Elliott Wave, etc.)
- Stop-loss calculation as percentage of target profit (default 0.5%)
- Minimum profit threshold compliance
- Multi-timeframe confluence confirmation

**Risk Management Features:**
• **Configurable Stop-Loss:** Calculated as percentage of target profit with recommended 0.3 setting for 1:3 risk-reward ratio
• **Profit Percentage Display:** Real-time calculation showing expected profit from signal price to target
• **Multiple Entry Levels:** EPA and ETA-based entry points with reliability scoring
• **Time Estimation:** Statistical analysis providing estimated bars/time to target completion
• **Visual Risk Zones:** Color-coded profit (green) and loss (red) areas for clear risk visualization

**Performance Characteristics:**
The indicator is optimized for active screening with frequent signal generation across multiple stocks. It provides both short-term and medium-term opportunities depending on the timeframe producing the signal. The system maintains historical statistics for signal accuracy and target completion timing.

**Technical Requirements:**
Requires understanding of Wolfe Wave pattern theory, Elliott Wave principles, and multi-timeframe analysis concepts. Users should be familiar with BIST market structure and Turkish stock trading mechanics. The indicator demands active monitoring due to the high-frequency nature of multi-stock scanning.

**Market Application:**
Specifically designed for Borsa Istanbul stocks with comprehensive coverage across major sectors. Works effectively in both trending and ranging market conditions due to its adaptive ratio selection and multi-timeframe approach. Best suited for traders focusing on Turkish equity markets with pattern-based strategies.

**Customization Options:**
• **14 Stock Lists:** Pre-configured BIST stock groups for sector-specific analysis
• **24 Ratio Methods:** From conservative Fibonacci to aggressive AI-optimized calculations
• **Quote Pair Integration:** Optional currency pair specification for international analysis
• **Timeframe Flexibility:** Customizable chart timeframe for signal generation
• **Table Positioning:** Multiple display options with size and color customization
• **Alert Integration:** Comprehensive alert system for real-time signal notifications