Elliott Wave - Futures

Elliott Wave, indicating possible waves 2, 3, 4 and 5
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 Daily 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 Daily Fibonnacci
- For downside trend 2 red target lines are displayed based on Daily Fibonnacci


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
  
• Better and accurate targets for waves based on Futures
  

版本注释:

Better and accurate dtection for Fib fan Wave 4 retracement

版本注释:

- Added Fibonnaci Trend Supports/Resistances for detected UpTrends and Downtrends(Red Line Fib and Green Line Fib)

版本注释:

- Better and accurate detection for WAVES 2,3,4 and 5
- Much less graph noise overall