Elliott Wave: Pro Forecast

21 saat önce

Elliott Wave: Pro Forecast (Dual-Path Prediction)
The "Fork in the Road" for Price Action. Most indicators show you where price has been. This indicator predicts where price could go using standard Elliott Wave Fibonacci ratios and volatility analysis.

Unlike standard forecasters that force a single path, Pro Forecast acknowledges that the market is probabilistic. It visualizes the two most likely outcomes simultaneously:

Continuation: The current trend extends deeper (or higher).

Reversal: The trend exhausts and begins a new 5-wave motive structure.

How It Works
The script identifies the most recent "Live Pivot" (the unconfirmed high or low currently forming) and calculates volatility based on the previous swing. It then projects future price action using two distinct models:

The Extension Model: Projects a generic 0.5 volatility continuation.

The Wave Model: Projects a standard Elliott Wave 5-step sequence (or ABC correction) using classic Fibonacci ratios (0.382 retracements, 1.618 extensions).

Key Features
Dual-Path Visualization: See the Bearish breakdown and Bullish bounce scenarios at the same time.

"Dip Buy" Mode (Linked Scenarios): A unique feature that links the two paths. Instead of reversing now, it simulates a reversal starting after the extension. This is perfect for planning entries at lower support levels.

Smart Target Grid: Draws horizontal dotted lines at key price targets, making it easier to line up predictions with existing Support/Resistance zones.

Invalidation Level: Automatically marks the "Hard Stop" level (Start of Wave 1). If price crosses this red line, the bullish/bearish thesis is invalid.

Zero-Floor Logic: Smart math ensures projections never predict negative stock prices, even on high-volatility/low-cap assets.

Settings Guide
Sensitivity: Controls how fast pivots are detected.

Daily Chart: Recommend 3-4 for a 1-week outlook.

4H Chart: Recommend 8-12.

Show Continuation: Toggles the "Extension" line (Orange).

Show Reversal: Toggles the "Next Wave" sequence (Blue).

Start Reversal after Extension?:

Unchecked: Reversal starts from the current price (Current Bounce).

Checked: Reversal starts from the end of the Extension line (Future Bounce).

Risk Disclaimer
This tool is for educational purposes and visualization only. It projects geometric probabilities based on past volatility, not certainty. Always use proper risk management.

20 saat önce

Sürüm Notları

# Elliott Wave: Pro Forecast (Dual-Path Prediction)

**The "Fork in the Road" for Price Action.**
Most indicators show you where price *has been*. This indicator predicts where price *could go* using standard Elliott Wave Fibonacci ratios and volatility analysis.

Unlike standard forecasters that force a single path, **Pro Forecast** acknowledges that the market is probabilistic. It visualizes the two most likely outcomes simultaneously:

1. **Continuation:** The current trend extends deeper (or higher).
2. **Reversal:** The trend exhausts and begins a new 5-wave motive structure.

### **How It Works**

The script identifies the most recent "Live Pivot" (the unconfirmed high or low currently forming) and calculates volatility based on the previous swing. It then projects future price action using two distinct models:

* **The Extension Model:** Projects a generic 0.5 volatility continuation.
* **The Wave Model:** Projects a standard Elliott Wave 5-step sequence (or ABC correction) using classic Fibonacci ratios (0.382 retracements, 1.618 extensions).

### **Key Features**

* **Dual-Path Visualization:** See the Bearish breakdown and Bullish bounce scenarios at the same time.
* **"Dip Buy" Mode (Linked Scenarios):** A unique feature that links the two paths. Instead of reversing *now*, it simulates a reversal starting *after* the extension. This is perfect for planning entries at lower support levels.
* **Smart Target Grid:** Draws horizontal dotted lines at key price targets, making it easier to line up predictions with existing Support/Resistance zones.
* **Invalidation Level:** Automatically marks the "Hard Stop" level (Start of Wave 1). If price crosses this red line, the bullish/bearish thesis is invalid.
* **Zero-Floor Logic:** Smart math ensures projections never predict negative stock prices, even on high-volatility/low-cap assets.

### **Settings Guide**

* **Sensitivity:** Controls how fast pivots are detected.
* *Daily Chart:* Recommend **3-4** for a 1-week outlook.
* *4H Chart:* Recommend **8-12**.


* **Show Continuation:** Toggles the "Extension" line (Orange).
* **Show Reversal:** Toggles the "Next Wave" sequence (Blue).
* **Start Reversal after Extension?:**
* *Unchecked:* Reversal starts from the current price (Current Bounce).
* *Checked:* Reversal starts from the end of the Extension line (Future Bounce).



### **Risk Disclaimer**

This tool is for educational purposes and visualization only. It projects geometric probabilities based on past volatility, not certainty. Always use proper risk management.

20 saat önce

Sürüm Notları

# Elliott Wave: Pro Forecast + Dashboard (Dual-Path & Macro)

**The "Fork in the Road" for Price Action.**
Most indicators only show you where price *has been*. This indicator predicts where price *could go* by projecting future volatility and standard Elliott Wave structures. It acknowledges that the market is probabilistic, visualizing the two most likely outcomes simultaneously:

1. **Continuation:** The current trend extends deeper (or higher).
2. **Reversal:** The trend exhausts and begins a new 5-wave motive structure.

### **New in This Version: The Strategy Dashboard**

A dynamic, real-time table now appears in the top-right corner, offering instant data for every active projection:

* **Price Targets:** Exact price levels for every wave and extension.
* **Risk/Reward Calculator (% +/-):** An adaptive column that instantly calculates the percentage distance from the current price to the target. (Green = Upside, Red = Downside/Risk).

### **Core Features**

* **Dual-Path Visualization:** See the Bearish breakdown and Bullish bounce scenarios at the same time.
* **"Dip Buy" Mode (Linked Scenarios):** A powerful simulation tool. Instead of reversing *now*, it projects the reversal starting *after* the extension. This allows you to visualize: *"If price drops to the extension level, what does the recovery look like?"*
* **Macro Engine (1-Year Forecast):** A completely independent forecasting engine that scans for major monthly pivots to project the dominant 1-year trend (Purple Lines), separate from the weekly outlook.
* **Invalidation Level:** Automatically marks the "Hard Stop" level (Start of Wave 1). If price crosses this red line, the thesis is invalid.
* **Zero-Floor Logic:** Smart math ensures projections never predict negative stock prices, even on high-volatility assets.

### **How to Read the Dashboard**

The table automatically updates based on your active settings:

* **Extension (Orange):** Shows the target for trend continuation.
* **Reversal (Blue):** Shows the 5-wave sequence (or ABC) for the next move.
* **Macro (Purple):** Shows the major trend targets for the coming months.
* **% +/- Column:**
* **Positive Green (+15.4%):** The potential profit target.
* **Negative Red (-3.2%):** The downside risk or distance to invalidation.



### **Settings Guide**

* **Short-Term Sensitivity:** Controls the weekly outlook.
* *Daily Chart:* Recommend **3-4** for a 1-week read.
* *4H Chart:* Recommend **8-12**.


* **Macro Sensitivity:** Controls the 1-year outlook.
* *Recommendation:* Keep at **21** or higher to filter out noise and catch major trends.


* **Bars per Wave (Macro):** Controls the time width of the macro waves.
* *Daily Chart:* Set to **50** (approx 1 year total projection).
* *Weekly Chart:* Set to **10**.


* **Start Reversal after Extension?:** Check this box to enable "Dip Buy" mode.

### **Risk Disclaimer**

This tool is for educational purposes and visualization only. It projects geometric probabilities based on past volatility, not certainty. Always use proper risk management.

19 saat önce

Sürüm Notları

# Elliott Wave: Pro Forecast + Dashboard (Dual-Path & Macro)

**The "Fork in the Road" for Price Action.**
Most indicators only show you where price *has been*. This indicator predicts where price *could go* by projecting future volatility and standard Elliott Wave structures. It acknowledges that the market is probabilistic, visualizing the two most likely outcomes simultaneously:

1. **Continuation:** The current trend extends deeper (or higher).
2. **Reversal:** The trend exhausts and begins a new 5-wave motive structure.

### **New in This Version**

* **⚡ RSI Divergence Detector:** The indicator now automatically scans for momentum divergence between the current pivot and the previous one. If a reversal is backed by divergence, a **Lightning Bolt (⚡)** icon appears on the chart and in the dashboard, signaling a "High Quality" setup.
* **Directional Extension Control:** You now have separate toggles for **Bullish Extensions** (Breakouts) and **Bearish Extensions** (Breakdowns), giving you full control over the narrative.

### **The Strategy Dashboard**

A dynamic, real-time table appears in the top-right corner, offering instant data for every active projection:

* **Price Targets:** Exact price levels for every wave and extension.
* **Risk/Reward Calculator (% +/-):** An adaptive column that instantly calculates the percentage distance from the current price to the target. (Green = Profit Potential, Red = Downside Risk).

### **Core Features**

* **"Dip Buy" Mode (Linked Scenarios):** A powerful simulation tool. Instead of reversing *now*, it projects the reversal starting *after* the extension. This allows you to visualize: *"If price drops to the extension level, what does the recovery look like?"*
* **Macro Engine (1-Year Forecast):** A completely independent forecasting engine that scans for major monthly pivots to project the dominant 1-year trend (Purple Lines), separate from the weekly outlook.
* **Invalidation Level:** Automatically marks the "Hard Stop" level (Start of Wave 1). If price crosses this red line, the thesis is invalid.
* **Zero-Floor Logic:** Smart math ensures projections never predict negative stock prices, even on high-volatility assets.

### **Settings Guide**

* **Short-Term Sensitivity:** Controls the weekly outlook.
* *Daily Chart:* Recommend **3-4** for a 1-week read.
* *4H Chart:* Recommend **8-12**.


* **Macro Sensitivity:** Controls the 1-year outlook.
* *Recommendation:* Keep at **21** or higher to filter out noise and catch major trends.


* **Start Reversal after Extension?:** Check this box to enable "Dip Buy" mode.
* **Show RSI Divergence:** Toggles the Lightning Bolt icons ⚡ for momentum confirmation.

### **Risk Disclaimer**

This tool is for educational purposes and visualization only. It projects geometric probabilities based on past volatility, not certainty. Always use proper risk management.