Elliott Wave [LuxAlgo]

Category: market_structure, cycle

Automated Elliott Wave pattern identification system detecting both motive (1-2-3-4-5) and corrective (A-B-C) sequences across multiple timeframes using ZigZag pivots.

Formula

Wave 3 \neq \text{min}(Wave 1, Wave 3, Wave 5) \text{ and } Wave 4_{low} > Wave 1_{high} \text{ (Standard Motive Rules)} \\ \text{Retracements measured via Fib levels: } \{0.500, 0.618, 0.764, 0.854\}

Inputs

• i_hi (default: high)
• i_lo (default: low)
• len1/2/3

See signal primitives and every published strategy that uses Elliott Wave [LuxAlgo] on WOBR StrategyVerse.