OPEN-SOURCE SCRIPT
تم تحديثه Elliott Wave: Pro Forecast + Dashboard
Title: Elliott Wave: Pro Forecast + Dashboard
This is an improvement from my previous Elliott Wave Script
Description:
This is an advanced, "context-aware" Elliott Wave forecasting engine designed for both scalpers and swing traders. Unlike static wave indicators, this script uses an adaptive logic system to detect the dominant market trend and automatically project the most probable wave structure (Impulse vs. Correction) in real-time.
It features a "Real-Time Swing Detection" engine that bypasses standard pivot lag during high-volatility events, ensuring your forecast targets remain accurate even during sharp breakouts or crashes.
Key Features
🧠 1. AI / Adaptive Trend Logic
Auto-Detect Mode: The script analyzes the 200 EMA and recent pivot structure to automatically determine if the next move is an Impulse (1-2-3-4-5) or a Correction (A-B-C / W-X-Y).
Dynamic Bias:
Bull Trend + Recent Low = Projects Bullish Impulse.
Bull Trend + Recent High = Projects Bullish Correction.
Manual Override: You can force "Impulse Only" or "Correction Only" modes for specific analysis.
⚡ 2. Real-Time Swing Detection (Volatility Guard)
Standard pivot indicators lag by several bars. This script monitors price action in real-time. If price breaks significantly below a "live" low or above a "live" high, the script immediately updates the forecast anchor point, preventing the "floating lines" issue common in other indicators during volatility spikes.
🌊 3. Advanced Wave Structures
Impulse: Projects a standard 5-wave motive structure using Fibonacci expansions (1.618 for Wave 3, Equality for Wave 5).
Correction Selector: Choose between:
Double Zig-Zag (W-X-Y): For sharp, complex corrections. Includes automatic Parallel Channeling.
Triangle (A-B-C-D-E): For sideways consolidation patterns.
Extensions: Automatically detects and draws Extension targets (0.5 Vol) before the reversal begins.
📊 4. Professional Dashboard
Status Panel: Displays the detected trend phase (e.g., "Detected: Bull CORRECTION").
Target Table: Lists exact price targets for every wave (1-5, A-E, W-X-Y) along with the % distance from the current price.
Macro Forecast: Includes a separate, thicker 1-Year Macro projection that runs independently of the short-term forecast.
🔗 5. Scenario Linking
"Link" Mode: Optionally chain the forecast to start after the Extension target is hit, allowing you to visualize "Extension -> Reversal" scenarios seamlessly.
How to Use
Add to Chart: Works best on 1H, 4H, and Daily timeframes.
Check the Status: Look at the top-right dashboard. The "STATUS" row tells you if the script sees an Impulse or Correction.
Adjust Sensitivity: Use the "Short-Term Sensitivity" setting (Default: 5) to tune the pivot detection to your specific asset's volatility.
Correction Style: If the market is chopping sideways, switch the "Correction Pattern" in settings to Triangle. If it is trending sharply, leave it on Double Zig-Zag.
Disclaimer: This tool provides hypothetical projections based on Fibonacci ratios and Elliott Wave theory. It is not financial advice. Always use stop losses and proper risk management.
This is an improvement from my previous Elliott Wave Script
Description:
This is an advanced, "context-aware" Elliott Wave forecasting engine designed for both scalpers and swing traders. Unlike static wave indicators, this script uses an adaptive logic system to detect the dominant market trend and automatically project the most probable wave structure (Impulse vs. Correction) in real-time.
It features a "Real-Time Swing Detection" engine that bypasses standard pivot lag during high-volatility events, ensuring your forecast targets remain accurate even during sharp breakouts or crashes.
Key Features
🧠 1. AI / Adaptive Trend Logic
Auto-Detect Mode: The script analyzes the 200 EMA and recent pivot structure to automatically determine if the next move is an Impulse (1-2-3-4-5) or a Correction (A-B-C / W-X-Y).
Dynamic Bias:
Bull Trend + Recent Low = Projects Bullish Impulse.
Bull Trend + Recent High = Projects Bullish Correction.
Manual Override: You can force "Impulse Only" or "Correction Only" modes for specific analysis.
⚡ 2. Real-Time Swing Detection (Volatility Guard)
Standard pivot indicators lag by several bars. This script monitors price action in real-time. If price breaks significantly below a "live" low or above a "live" high, the script immediately updates the forecast anchor point, preventing the "floating lines" issue common in other indicators during volatility spikes.
🌊 3. Advanced Wave Structures
Impulse: Projects a standard 5-wave motive structure using Fibonacci expansions (1.618 for Wave 3, Equality for Wave 5).
Correction Selector: Choose between:
Double Zig-Zag (W-X-Y): For sharp, complex corrections. Includes automatic Parallel Channeling.
Triangle (A-B-C-D-E): For sideways consolidation patterns.
Extensions: Automatically detects and draws Extension targets (0.5 Vol) before the reversal begins.
📊 4. Professional Dashboard
Status Panel: Displays the detected trend phase (e.g., "Detected: Bull CORRECTION").
Target Table: Lists exact price targets for every wave (1-5, A-E, W-X-Y) along with the % distance from the current price.
Macro Forecast: Includes a separate, thicker 1-Year Macro projection that runs independently of the short-term forecast.
🔗 5. Scenario Linking
"Link" Mode: Optionally chain the forecast to start after the Extension target is hit, allowing you to visualize "Extension -> Reversal" scenarios seamlessly.
How to Use
Add to Chart: Works best on 1H, 4H, and Daily timeframes.
Check the Status: Look at the top-right dashboard. The "STATUS" row tells you if the script sees an Impulse or Correction.
Adjust Sensitivity: Use the "Short-Term Sensitivity" setting (Default: 5) to tune the pivot detection to your specific asset's volatility.
Correction Style: If the market is chopping sideways, switch the "Correction Pattern" in settings to Triangle. If it is trending sharply, leave it on Double Zig-Zag.
Disclaimer: This tool provides hypothetical projections based on Fibonacci ratios and Elliott Wave theory. It is not financial advice. Always use stop losses and proper risk management.
ملاحظات الأخبار
New Features:🧠 Advanced Adaptive AI Engine:
Instead of just looking at pivots, the script now cross-references the 50 & 200 WMA (Golden/Death Cross) and RSI levels.
Example: If the Trend is UP (Bullish), but RSI is Overbought, the AI detects a "Bullish Top" and automatically forecasts a Correction (down) instead of blindly projecting an Impulse up.
Example: If the Trend is UP and RSI is Oversold, the AI detects a "Dip Buy" opportunity and projects an Impulse (up).
📈 50 & 200 WMA:
Added the Weighted Moving Averages to the chart (Blue & Orange lines) to visualize the trend.
⚡ RSI Extremes:
Added visual markers (small circles) directly on the price candles when RSI hits Overbought (70) or Oversold (30), signaling potential reversal points.
نص برمجي مفتوح المصدر
بروح TradingView الحقيقية، قام مبتكر هذا النص البرمجي بجعله مفتوح المصدر، بحيث يمكن للمتداولين مراجعة وظائفه والتحقق منها. شكرا للمؤلف! بينما يمكنك استخدامه مجانًا، تذكر أن إعادة نشر الكود يخضع لقواعد الموقع الخاصة بنا.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
نص برمجي مفتوح المصدر
بروح TradingView الحقيقية، قام مبتكر هذا النص البرمجي بجعله مفتوح المصدر، بحيث يمكن للمتداولين مراجعة وظائفه والتحقق منها. شكرا للمؤلف! بينما يمكنك استخدامه مجانًا، تذكر أن إعادة نشر الكود يخضع لقواعد الموقع الخاصة بنا.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.