Auto Elliott Waves + Fib
Automatically finds Elliott-style five-wave impulse counts on your chart and draws the Fibonacci levels that go with them.
Illustrative graphic only. Not real market data.
OverviewWhat it does
Detects confirmed swings, labels five-wave impulses and A-B-C corrections, and draws Fibonacci retracements and projections automatically.
FeaturesWhat is inside
Automatic impulse detection
Scans confirmed swing pivots for the latest bullish or bearish 1-2-3-4-5 impulse that passes basic Elliott rule checks, including that wave 3 is never the shortest.
Wave labels
Labels the count 0 to 5, and the A-B-C correction when it appears, directly on the chart.
Developing Wave 5 view
When a count is in place through wave 4, shows it as a developing scenario with wave 5 projection levels.
Automatic Fibonacci retracements
Draws 38.2%, 50.0%, 61.8% and 78.6% retracement levels from a completed impulse, with the 50% and 61.8% levels emphasised.
Wave 5 and Wave C projections
Projects scenario levels at 61.8%, 100% and 161.8% for Wave 5, and 100% and 161.8% for Wave C.
Latest swing fallback
When no clean count exists, still shows the 0.500 and 0.618 levels of the latest swing.
Adaptive sensitivity
Pivot strength is set automatically for the chart timeframe, or choose a manual value.
Status dashboard
Shows whether there is a valid bullish impulse, a valid bearish impulse, a developing Wave 5 or no clean count.
On your chartWhat you will see
- Impulse pathBold line through the confirmed swings with wave labels 0 to 5 (bullish colour shown; bearish uses a separate colour)
- Swing pathThin line through the most recent confirmed swings
- Fibonacci levelsRetracements and projections with the price shown on each label
- Status dashboardCount status, chart timeframe, pivot strength and Fib state
Elliott wave counting involves interpretation. Counts and levels are scenarios, not predictions, and swing points are confirmed only after several candles, so labels appear with a delay.
PreviewChart screenshot
Where to use itRecommended timeframe and markets
Any market, any timeframe
Works on any market and timeframe. Swing sensitivity adjusts automatically to your chart timeframe (or you can set it manually).
AlertsBuilt-in TradingView alerts
- Valid bullish Elliott impulse detected
- Valid bearish Elliott impulse detected
- Bullish Wave 5 developing
- Bearish Wave 5 developing
- 4 alert conditions in total
Alerts are created from the TradingView alert dialog. Alert availability depends on your TradingView plan.
CustomiseSettings you can adjust
- Automatic or manual pivot strength
- Pattern search depth
- Show/hide swing path, labels and A-B-C
- Fibonacci retracements, projections and projection length
- Colours
- Dashboard size and visibility
Before you subscribeRequirements
- A TradingView account (TradingView is a third-party platform and is not affiliated with Apex Edge).
- Your TradingView username, entered at checkout, so access can be added to your account.
- This indicator is an education and analysis tool. It is general information only, does not place orders and is not personal financial advice. Past performance is not indicative of future results.
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