This indicator detects equal highs and lows by comparing prices within user-defined left and right bars using a tolerance percentage. It plots horizontal lines on the price chart for equal highs in one color and lows in another. A screener allows input of mult
Indicator · Pine Script v5 · On the chart
Interactive Motive Wave Checklist
This indicator provides an interactive framework for validating Elliott Wave motive wave structures directly on the price chart.
GitHub stars2on the repository
Pine versionv5runs as is
Lines of code142
Settings12inputs
LicenceNone stated
Last update8 months ago25 Feb 2026
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
Users select six anchor points corresponding to wave origins and terminals (points 0 through 5) using interactive chart inputs. The script calculates Fibonacci ratios between the identified wave segments and verifies whether the pattern satisfies standard motive wave rules, overlaying visual drawings and diagnostic checklist feedback directly on the price candles.
- Interactive anchor point selection via price chart inputs
- Elliott Wave motive pattern rule verification
- Fibonacci ratio calculations across wave segments
- Visual overlay of wave lines and pattern labels
Details
Published by
regalouisei on GitHub
Code credit
Trendoscope Pty Ltd, as written in the script's header
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
Support & resistance, Trend
Markets
Any symbol
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 |
|---|---|---|---|
| 0 | price | 0 | p0price |
| p0time | time | 0 | p0time |
| 1 | price | 0 | p1price |
| p1time | time | 0 | p1time |
| 2 | price | 0 | p2price |
| p2time | time | 0 | p2time |
| 3 | price | 0 | p3price |
| p3time | time | 0 | p3time |
| 4 | price | 0 | p4price |
| p4time | time | 0 | p4time |
| 5 | price | 0 | p5price |
| p5time | time | 0 | p5time |
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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