EWO (Elliot Wave Oscilator)

  • Thread starter NahuelPatricioRodriguez
  • Start date
NahuelPatricioRodriguez

NahuelPatricioRodriguez

New member
Hi,
¿is it possible to add this bands, and change color from this line?
Thanks(sry for my bad eng)

SIMPLE


CUSTOM (color of this line and band)



 
Last edited:
horserider

horserider

Well-known member
VIP
@NahuelPatricioRodriguez
Code:
# Elliot Wave Oscillator with bands
#Horserider 5/17/2020

declare lower;

input price = hl2;
input HistoType = {default STD, ROC};
input SmoothLength = 5;

def valueDiff;
def value;
def showBands;
switch (HistoType) {
case STD:
value = double.nan;
valueDiff = (Average(price, 5) - Average(price, 35));
showBands = 1;
case ROC:
# ROC is smoothed with a SMA
value = (Average(price, 10) - Average(price, 70));
valueDiff = Average(value - value[1], SmoothLength);
showBands = 0;
}

# --- start Breakout Bands logic ---
#
# AdvanceGetOscillator Breakout Bands logic ported
# from [codebase.mql4.com]
# and [fxcodebase.com]...

def coeff_num = 2;
def coeff_denom = 39;

def barNum = if IsNaN( close ) then Double.NaN else barNumber();
def coeff = coeff_num / ( coeff_denom + 1 );
def diff = ValueDiff;

rec _upLine = if barNum == 1 then
if diff >= 0 then
diff * coeff + diff * ( 1 - Coeff )
else
0
else
if diff >= 0 then
diff * coeff + _upLine[1] * ( 1 - Coeff )
else
_upLine[1];
rec _dnLine = if barNum == 1 then
if diff < 0 then
diff * coeff + diff * ( 1 - Coeff )
else
0
else
if diff < 0 then
diff * coeff + _dnLine[1] * ( 1 - Coeff )
else
_dnLine[1];

plot UpLine = if showBands then _upLine else double.nan;
plot DownLine = if showBands then _dnLine else double.nan;

UpLine.SetDefaultColor(GetColor(9));
UpLine.SetLineWeight(2);
DownLine.SetDefaultColor(GetColor(9));
DownLine.SetLineWeight(2);

# --- end Breakout Band logic ---
plot ZeroLine = 0;
ZeroLine.SetDefaultColor(GetColor(7));
plot Osc = valueDiff;
plot UpSignal = if Diff crosses above ZeroLine then ZeroLine else Double.NaN;
plot DownSignal = if Diff crosses below ZeroLine then ZeroLine else Double.NaN;


Osc.SetDefaultColor(GetColor(5));
Osc.SetPaintingStrategy(PaintingStrategy.HISTOGRAM);
Osc.SetLineWeight(3);
Osc.DefineColor("Positive and Up", Color.GREEN);
Osc.DefineColor("Positive and Down", Color.DARK_GREEN);
Osc.DefineColor("Negative and Down", Color.RED);
Osc.DefineColor("Negative and Up", Color.DARK_RED);
Osc.AssignValueColor(if Osc >= 0 then if Osc > Osc[1] then Osc.color("Positive and Up") else Osc.color("Positive and Down") else if Osc < Osc[1] then Osc.color("Negative and Down") else Osc.color("Negative and Up"));
 
NahuelPatricioRodriguez

NahuelPatricioRodriguez

New member
@horserider Thank you so much!

 
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S

Saylarr

Member
@NahuelPatricioRodriguez how can I contact you? I have a couple of things that comment on those indicators and images, I don't know how to send private messages through this forum. So if you want we contact you through another means and we chat.

Cheers
 
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N

Nkpacheco10

New member
NAhuel, those indicators that mark the Elliott waves, how did you get them? Thanks and regards.
 
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Derek

Derek

New member
Hello @NahuelPatricioRodriguez! Would you share the script that make the counting of waves? That is great! Thank you in advance.
 
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M

michaelhebler

New member
Hi @NahuelPatricioRodriguez - I have been searching for an EW indicator just like the final pic in your original post. Are you willing to share the code?
 
Derek

Derek

New member
Hi @NahuelPatricioRodriguez, how do you do for plot the waves in the first and second images? Is that a private development? Can you share with us? Thx!
 
R

Rosalyn

New member
@NahuelPatricioRodriguez hello, do u mind sharing your EW indicator? been looking for one and urs fits perfectly... many thx
 
NahuelPatricioRodriguez

NahuelPatricioRodriguez

New member

Hi, is it possible to add a screen depending on the depth of the wave? or similar to the photo (Lines red - green) or draw style in the wave (pink and white). It is a good idea to optimize the day trading or scalping indicator

Spoiler



 
Last edited:
L

Luke

New member
Hello, I need help with elliot's oscillator, I wanted to ask you if you could help me so that when the oscillator breaks the exhaust band it becomes a stronger color than the previous one, as attached in the image.
Thank you recently shared the indicator here.

Please Contact me
 

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