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Elliot Wave Trading Arrows


Elliot Wave Trading Arrows
Elliot Wave Trading Arrows


//www.aflcode.com
_SECTION_BEGIN("Advanced Elliot Wave ");
//Elliot Wave Metastock to AFL 
//-- Script Start -------
_N(Title = "{{NAME}} - {{INTERVAL}} {{DATE}}: "+_DEFAULT_NAME()+" : {{VALUES}} " 
);

Option = ParamToggle("Insert To", "Price Chart|Indicator");
pr=Param("Elliot Wave minimum % move",0.5, 0.25,3,0.25);
//{ Beginner Elliot Wave stuff }
EWpk=PeakBars(H,pr)==0;
EWtr=TroughBars(L,pr)==0;
//{ Intermediate Elliot Wave stuff }
zz=Zig(C,pr);
zzHi=Zig(H,pr);
zzLo=Zig(L,pr);
Avg=(zzHi+zzLo)/2;
//{ Advanced Elliot Wave stuff }
RetroSuccessSecret=IIf(EWpk,zzHi,
IIf(EWtr,zzLo,IIf(Avg>Ref(Avg,-1),H,L)));
EW=Zig(RetroSuccessSecret,pr);
//{ Plot on price chart }
if (Option==0)
Plot(EW, "EW", ParamColor("Color", colorBrown), ParamStyle("Style", styleNoLabel|styleThick));
else
{
//{ Plot on own window }
Plot(EWbuy-EWsell, "EW2", ParamColor("Color", colorRed), ParamStyle("Style", styleNoLabel|styleThick));
}
//{ Buy/Sell Elliot Wave stuff }
EWbuy=TroughBars(EW,pr)==1;
EWsell=PeakBars(EW,pr)==1;
Plot(C,"",47,128+4);
PlotShapes(EWbuy*shapeUpArrow,5,0,L,-5);
PlotShapes(EWsell*shapeDownArrow,4,0,H,-5);
//-- Script End -------
_SECTION_END();

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