Wave Velocity Directional PRO

📊 Wave Velocity Directional PRO

Wave Velocity Directional PRO is a manual structural analysis tool designed to compare the strength and sharpness of two selected price waves.

The indicator allows you to manually select:

Wave 1 (start → end)
Wave 2 (start → end)

It then automatically calculates:

Directional Range
Velocity (price movement per bar)
Velocity Ratio (Wave 1 / Wave 2)
Structural Status evaluation

🔍 Directional Range Logic

The range is calculated directionally to capture the full movement dimension of the wave:

For bullish waves:
Range = High_end − Low_start
For bearish waves:
Range = High_start − Low_end

This ensures the full wave amplitude is measured from its true origin to its completion.

⚡ Velocity
Velocity = Range / Number of Bars

Velocity measures how aggressively price moved per bar.

Higher velocity = sharper, more impulsive movement.

📈 Velocity Ratio

Ratio = Velocity_Wave1 / Velocity_Wave2

This helps evaluate structural quality:

> 1.5 → Strong impulse
1.2–1.5 → Healthy structure
1–1.2 → Weak
< 1 → Structural warning

🎯 Use Cases

Elliott Wave validation
Impulse vs correction comparison
Structural asymmetry analysis
1–2 continuation filtering
Manual wave strength benchmarking

⚠️ Notes

This is a manual analysis tool.
Designed for structural comparison.
Does not generate trading signals.
Works independently of chart scaling or zoom.