by 
This indicator calculates a custom ZigZag engine directly on the price chart to identify market structure and classic chart patterns. It automatically detects ABC corrections, symmetrical and sloped triangles, Wolfe waves, and Sperandeo 1-2-3 reversal patterns
Indicator · Pine Script v6 · On the chart
Elliott Wave Crypto Analysis
The indicator draws Elliott Wave analysis on the price chart for cryptocurrency.
GitHub stars3on the repository
Pine versionv6current
Lines of code332
Settings13inputs
LicenceCustom licence
Last update1 year ago19 Sep 2025
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
Elliott Wave Crypto Analysis locates pivot highs and lows using a user-set length, counts waves one through five automatically, and allows a manual wave override. Optional Fibonacci retracement and extension levels, wave labels, and trend lines are plotted when enabled. Trading signals and alerts can be shown or turned off. Main settings change the lookback, which Fibonacci groups appear, and label transparency. Confirmed pivots require bars on both sides, so the newest swing is delayed.
- Automatic wave counting from 1 to 5
- Fibonacci retracement and extension levels
- Pivot high and low detection
- Manual wave override
- Trading signals and alerts
Details
Published by
EngineeredSuccess on GitHub
Type
Draws
On the price chart
Category
Markets
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Enable Wave Analysis | bool | true | wave_enabled |
| Wave Analysis Length | int | 50 | wave_length |
| Show Fibonacci Levels | bool | true | fibonacci_enabled |
| Show Extensions | bool | true | fib_extension |
| Show Retracements | bool | true | fib_retracement |
| Fibonacci Transparency | int | 80 | fib_transparency |
| Auto Wave Counting | bool | true | auto_count |
| Manual Override | bool | false | manual_override |
| Current Wave (Manual) | int | 5 | current_wave |
| Show Wave Labels | bool | true | show_wave_labels |
| Show Trend Lines | bool | true | show_trend_lines |
| Show Trading Signals | bool | true | show_signals |
Show all 13 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Enable Alerts | bool | true | enable_alerts |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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