Elliott Wave Advanced Auto [CongTrader]

16 ago

🧾 INDICATOR DESCRIPTION
📌 Indicator: Elliott Wave Advanced Auto [CongTrader]
Elliott Wave Advanced Auto is a professional automatic wave detection tool designed by CongTrader. It helps traders analyze market structure using Elliott Wave Theory, including:
📈 Automatic detection of impulsive waves (1-2-3-4-5)
🔷 Identification of triangle correction patterns (ABCDE)
⚠️ Detection of ending diagonal formations
🔮 Forecasting potential Wave 5 extension based on Fibonacci ratio
📊 Visually connecting waves with clean and clear lines
This indicator brings Elliott Wave analysis closer to all traders — whether beginner or advanced.
💡 How to Use It:
Add the indicator to your chart on TradingView.
Adjust Pivot Length to control the sensitivity of pivot detection.
Watch for wave labels (1 to 5 or A to E) appearing automatically on swing highs/lows.
Use signals to make trading decisions:
Wave 3 is often the strongest → possible entry point.
Wave 5 forecast gives a projected exit zone.
Ending Diagonal and Triangles warn of upcoming reversals.
Combine with other indicators (e.g., RSI, volume, support/resistance) for confirmation.
🎯 Features:
Automatic Elliott Wave labeling (1–5 / ABCDE)
Supports both bullish and bearish structures
Auto-line drawing between pivot points
Triangle pattern recognition (ABCDE)
Ending Diagonal pattern detection
Wave 5 forecast using 0.618 Fibonacci projection
Minimalist and clean layout, non-intrusive design
🙏 Credits & Thank You:
This indicator was developed by CongTrader, a trader passionate about price action and algorithmic trading tools.
I hope this tool helps you improve your market timing and confidence in Elliott Wave analysis.
👉 If you find it helpful, don’t forget to leave a ⭐ or a kind comment to support!
⚠️ Disclaimer:
This script is for educational purposes only and does not constitute financial advice.
Use it with discretion and always validate with other tools.
You are responsible for your own trades. The author is not liable for any financial loss.#ElliottWave #WaveAnalysis #TechnicalAnalysis
#TradingViewScript #AutoElliott #WaveDetector
#TradingStrategy #PriceAction #CongTrader
#ImpulseWaves #Fibonacci #ForexTools
#CryptoTrading #StockTrading #WaveForecast

17 ago

Note di rilascio

New Update: Elliott Wave Auto + Trade Signals [CongTrader]
This version takes a big step forward from the previous “Elliott Wave Advanced Auto.”
Now, it not only plots Elliott Waves but also integrates automatic Buy/Sell trade signals directly on the chart.
🔑 Key Improvements:
Automatic Trade Signals:
Buy at Wave 2 → targeting Wave 3.
Sell at Wave 5 → expecting a correction.
Built-in Stop Loss & Take Profit suggestions are displayed directly on the chart.
Wave 5 Forecast added: projection from Wave 4 using Fibonacci ratio for clearer market expectations.
RSI confirmation filter integrated to reduce noise and improve signal accuracy.
Enhanced labels and colors for easier wave identification and trade signal clarity.
Optimized performance: prevents duplicate labels and keeps only one forecast label active.
🎯 Why this matters:
Transforms the script from a pure Elliott Wave analyzer → into a complete Elliott Wave trading tool.
Provides both wave analysis and practical trade entry/exit points.
Useful for both beginners and advanced traders who want to combine Elliott Wave with automatic trading signals..