Elliott Wave Absolute Tradingview -

This script highlights zones where an impulsive wave is statistically likely, forcing the trader to only label waves within these green zones. 4. The Absolute Labeling Protocol 4.1 Rigid Degree Hierarchy (TradingView Naming) | Degree | TradingView Label | Fibonacci Ratio (Retrace) | Typical Duration | |--------|------------------|---------------------------|------------------| | Grand Supercycle | [I], [II], [III], [IV], [V] | N/A | Years | | Supercycle | (I), (II), (III), (IV), (V) | 0.382-0.618 | Months | | Cycle | I, II, III, IV, V | 0.5-0.618 | Weeks | | Primary | [1], [2], [3], [4], [5] | 0.618-0.786 | Days | | Intermediate | (1), (2), (3), (4), (5) | 0.618-0.786 | Hours | | Minor | 1,2,3,4,5 | 0.786-0.886 | Minutes |

// Momentum & Divergence rsi = ta.rsi(close, len) macd = ta.macd(close, 12, 26, 9) macdHist = macd - ta.sma(macd, 9) elliott wave absolute tradingview

// Condition 1: Impulse Wave Volume Confirmation (Wave 3 should have highest volume) volSMA = ta.sma(volume, 20) isWave3Volume = volume > volSMA * 1.5 This script highlights zones where an impulsive wave

// Condition 2: No RSI divergence on Wave 5 (bearish divergence signals end) bearishDiv = close > ta.highest(close, 5)[1] and rsi < ta.highest(rsi, 5)[1] len) macd = ta.macd(close

// Auto-label potential wave 3 start if ta.cross(close, ta.sma(close, 50)) and validImpulse label.new(bar_index, low, "🚀 Potential Wave 3", color=color.green, textcolor=color.white)

| Action | Hotkey / Tool | |--------|----------------| | New Elliott Wave label | Alt + E (Windows) / Option + E (Mac) | | Fibonacci retrace | Alt + F | | Measure distance | Select Measure Tool or hold Ctrl | | Wave Validator script | Add to chart: Pine Editor → Load script above |