OPEN-SOURCE SCRIPT
Elliott Wave Probability System
Advanced Elliott Wave analysis system with AI-powered probability calculations for price targets. Combines multiple technical indicators to generate high-probability trading signals with specific price objectives.
🎯 KEY FEATURES:
- Automatic Elliott Wave pattern detection
- Dynamic Fibonacci retracement & extension levels
- Probability-weighted price targets (up to 10 levels)
- Multi-indicator confluence scoring system
- Real-time probability calculations
- Visual wave projections with success rates
- Comprehensive status dashboard
📊 TECHNICAL INDICATORS INTEGRATED:
- Elliott Wave pattern recognition
- Fibonacci levels (0-261.8%)
- RSI momentum analysis
- MACD trend confirmation
- Stochastic oscillator
- Volume spike detection
- Weighted scoring algorithm
💡 PROBABILITY ENGINE:
- Calculates target probabilities based on:
- Current wave position
- Technical indicator alignment
- Volume confirmation
- Market structure
- Updates in real-time
- Adjusts for market conditions
🎨 VISUAL ELEMENTS:
- Wave connection lines
- Fibonacci grid with prices
- Probability table with 5-10 targets
- Color-coded signal strength
- Status dashboard
- Target projection lines
🔧 CUSTOMIZATION:
- Adjustable wave detection period
- Number of price targets (3-10)
- Toggle visual elements
- Custom color schemes
- Flexible indicator parameters
📈 TRADING METHODOLOGY:
- Entry: High probability targets + confluence
- Exit: Target completion or signal reversal
- Risk: Use Fibonacci levels for stops
- Position sizing: Based on probability %
Perfect for traders seeking objective, probability-based price targets using Elliott Wave theory combined with technical confirmation.
⚡ ALERTS INCLUDED:
- Strong buy/sell signals
- Target approach notifications
- Wave completion alerts
Correlating AI Agent coded by ITECS.
🎯 KEY FEATURES:
- Automatic Elliott Wave pattern detection
- Dynamic Fibonacci retracement & extension levels
- Probability-weighted price targets (up to 10 levels)
- Multi-indicator confluence scoring system
- Real-time probability calculations
- Visual wave projections with success rates
- Comprehensive status dashboard
📊 TECHNICAL INDICATORS INTEGRATED:
- Elliott Wave pattern recognition
- Fibonacci levels (0-261.8%)
- RSI momentum analysis
- MACD trend confirmation
- Stochastic oscillator
- Volume spike detection
- Weighted scoring algorithm
💡 PROBABILITY ENGINE:
- Calculates target probabilities based on:
- Current wave position
- Technical indicator alignment
- Volume confirmation
- Market structure
- Updates in real-time
- Adjusts for market conditions
🎨 VISUAL ELEMENTS:
- Wave connection lines
- Fibonacci grid with prices
- Probability table with 5-10 targets
- Color-coded signal strength
- Status dashboard
- Target projection lines
🔧 CUSTOMIZATION:
- Adjustable wave detection period
- Number of price targets (3-10)
- Toggle visual elements
- Custom color schemes
- Flexible indicator parameters
📈 TRADING METHODOLOGY:
- Entry: High probability targets + confluence
- Exit: Target completion or signal reversal
- Risk: Use Fibonacci levels for stops
- Position sizing: Based on probability %
Perfect for traders seeking objective, probability-based price targets using Elliott Wave theory combined with technical confirmation.
⚡ ALERTS INCLUDED:
- Strong buy/sell signals
- Target approach notifications
- Wave completion alerts
Correlating AI Agent coded by ITECS.
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.