Elliott Wave - Stocks
Based on my Elliott Wave - Oscillator, this signals are converted into numbers displayed on chart:
Waves2, Waves3, Waves4, Waves5:
- Indicated on Chart with numbers
Fib fan Wave 4 retracement
- Blue, green and red lines for optimum retracement
Probability and target for wave 5
- Plotted when wave 4 is found
- Stays visible in chart
- Target is based on Monthly Fibonnacci
- Probability: If current trend volume is bigger than previous opposite wave trend volume, probability is painted with color of trend background(for a trend to continue, value is recommended bigger than 35)
Projection Wave 4 (if wave 3 detected) and Projection Wave 5(if wave 4 detected)
- Only displayed when waves are active, else not displayed and not saved on chart
- For upside trend 2 blue target lines are displayed based on Monthly Fibonnacci
- For downside trend 2 red target lines are displayed based on Monthly Fibonnacci
Fundamentals: Enterprise Value
- Displayed when financial reports are updated to database
- Also displayed the latest calculated enterprise value with current stock price and last financial report
REMINDER OF OSCILATOR USE:
Waves3: Indicated in RED Line(Upwards) and Green Line(Downwards)
- Detects wave greater than SMA
Waves4: Maximum height indicated in yellow Line
- Detects when wave greater than SMA (Wave 3 or 5) approaches wave 4 regression point
Waves5: Indicated in White Line
- Detects divergence in oscilator and price, meaning end of trend
Appreciate any suggestions, collaboration, comments or ideas.
- Detects Waves 2, 3 , 4 and 5
*Fib fan Wave 4 retracement
*Probability and target for wave 5
*Projection Wave 4 (if wave 3 detected)
*Projection Wave 5(if wave 4 detected)
*Alerts for Waves 2, 3, 4 and 5
*Fundamentals: Enterprise Value
*Better and accurate targets for waves based on Stocks
- Much less graph noise overall
Fundamentals: Enterprise Value
- Calculated based on actual and historical financial data
- Gives a projection at where stock should be
- If stock is in its range, triangles are diplayed
- If stock is not in range, displays the projection
Invite-only script
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Author's instructions
Warning: please read our guide for invite-only scripts before requesting access.
Disclaimer
Invite-only script
Only users authorized by the author have access to this script, and this usually requires payment. You can add the script to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author — learn more here. For more details, follow the author's instructions below or contact edgartrader1396 directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Warning: please read our guide for invite-only scripts before requesting access.