Elliot Wave Oscillator

EWO Indicator, helps to indentify waves

Similar like LazyBear's Indicator: ElliotWave Oscillator

I extended and changed the following:

  • Allow custom SMA interval default 5 and 35. Dont use EMAs
  • Choose input source: default close, f.e. use HL2
  • Show difference of SMAs in percent based on current candle default "true", this is very useful for historical charts
Release Notes: fixed typo... Ralph Nelson Elliott
Release Notes: seems like renaming not possible yet
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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