Elliott Wave Absolute Tradingview Site

//@version=5 indicator("Elliott Wave Absolute Validator", overlay=true) // Inputs len = input.int(14, "Momentum Length") waveDegree = input.string("Medium", "Wave Degree", options=["Small", "Medium", "Large"])

// 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] elliott wave absolute tradingview

| 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 | The Absolute Labeling Protocol 4

// Plot valid impulse zones validImpulse = isWave3Volume and not bearishDiv bgcolor(validImpulse ? color.new(color.green, 85) : na) 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)

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 |