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koryu
26 Nov 2016 pukul 17.14

Elliot Wave Oscillator 

WTI CRUDE OILTVC

Deskripsi

EWO Indicator, helps to indentify waves

Similar like LazyBear's Indicator: ElliotWave Oscillator [EWO]

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

Catatan Rilis

fixed typo... Ralph Nelson Elliott

Catatan Rilis

seems like renaming not possible yet

Catatan Rilis

Update to Version 5
Komentar
mikey26
Hi, is it possible to number the waves on the chart, just as you have done to show the xample. That would be great, rather than having to manually do this. If you have a small script to add to do this, would love to know it.
KMcryptoTrading
@mikey26, did you receive any response to automatically add the waves in the chart ?
mikey26
@KMcryptoTrading, nope nothing.
koryu
@mikey26, I have added the waves manually as an example how to use the indicator, there is no easy script to do this automatically. But the code is open source so you can modify it and try to do that.
M_M_M_M
Hello, @koryu
Thank you for the script. Just wondering would the script be suitable for swing trader? I am not a pro day trader hence I choose to swing trade instead. Also, would the script works in higher timeframe such as 1HR?
Additionally, how to add the EWO number 1,2,3,4,5 and the a,b,c into the chart? without it, the whole script is not useful as we can't determine the trend... Would appreciate the input. Thank you.
SergioGarofoli
Awsome.

Can you add the bands to the oscilator?

Great work!!!
OliverDiaz
hi your indicator is not working?
janor123
just curious, why use 5 and 35? Also, how is this concept difference than MACD? Thanks!
janor123
Lastly, why not use EMA or VWMA? Why is the SMA the right one for this?
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