Elliot Wave Indicator for ThinkorSwim

DPM

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Hi guys. Been banging my head against the wall trying to find an indicator that applies Elliot waves on a 5,10,15 min time frame. Maybe it doesn't exist. But if it does, let me know. Thanks
 

tomsk

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@DPM To the best of my knowledge don't think there exists a true TOS study that counts Elliott Waves. Even the folks at Elliott Wave International have two different interpretations of counts whenever they publish a forecast - a preferred count and and alternate count. I have been a subscriber to EWI publications for several years now
 

DPM

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@tomsk thanks for the reply. It might be doable. I've been toying around with TOS's ZIG ZAG High Low indicator and plugging fib #'s into the percentage reversal tab. Not sure if I'm onto something or not. If anyone has any ideas, please let me know. Thanks

 

tomsk

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@DPM You are absolutely right - the closest thing that comes to waves is indeed the ZigZag High Low indicator available as a standard TOS study. however it is not Elliott Waves though. You may also like to look at a study I posted called Zag Zag High Low Stats and turn on some of the bubbles via the user interface input selector

https://usethinkscript.com/threads/zigzag-high-low-stats.1073/
 
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tomsk

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Read post#2.

As a heads up for those interested Elliott Wave International will be having an open house this coming week, their forecasts for indices, metals, forex, commodities, bonds will be available to check out. All absolutely free just for this coming week.
 

Nick_S

New member
Thank you Tomsk. Do you if they will be providing an ToS ElliotWave plot strategies?

btw, i saw above you mentioned that you dont think it exits. I thought you meant that for shorter timeframes. Did you mean it doesnt exist for Daily too? Thanks agian
 

tomsk

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Nope - they just provide a forecast of the underlying wave structure - which almost requires the reader to be already familiar with the two modalities of motive waves and corrective waves. Their forecast covers daily, weekly, monthly, and even down to intraday 15 minutes. I've been a subscriber for years. All the best
 

mikeyhu70

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2019 Donor
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I have it but EW has many possibilities and using indicators does not do justice. That indicators is on the dust collection for years
 

SugarTrader

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VIP
Hello,
I would like to quickly draw diverse Elliott wave points on chart i.e. just manually the A,B,C,1,2,3 points when analyzing the chart.
Is there a draw function in TOS? I can't find any. Thanks
 

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