Waves

Library "Waves"
Methods for elliot wave detection

method delete(this)
deletes the subwave drawing
Namespace types: Subwave
Parameters:
this (Subwave): Subwave object to be deleted
Returns: deleted subwave object

method delete(this)
deletes the wave drawing and the corresponding subwaves
Namespace types: Wave
Parameters:
this (Wave): Wave object to be deleted
Returns: deleted wave object

method createWave(pivot, lineColor, waves, limit)
Create wave object
Namespace types: zg.Pivot
Parameters:
pivot (Pivot type from Trendoscope/Zigzag/7): pivot object where the wave needs to be created
lineColor (color): color of the wave to be drawn
waves (array<Wave>): array of existing waves
limit (int): max number of waves to be shown in the chart
Returns: wave object created

method createSubWaves(wave, subwavePivots)
Create sub waves for the wave
Namespace types: Wave
Parameters:
wave (Wave)
subwavePivots (array<SubwavePivots>): array of sub wave pivots
Returns: wave object created

method draw(subWave)
Draw subwave
Namespace types: Subwave
Parameters:
subWave (Subwave)
Returns: subwsubWave object

method draw(wave, limitSubwaves)
Draw Wave
Namespace types: Wave
Parameters:
wave (Wave): Wave object to be drawn
limitSubwaves (bool): limit the number of subwave combinations within the wave
Returns: wave object

method checkMotiveWave(prices)
based on the price array, check if there is motive wave and identify the type
Namespace types: array<float>
Parameters:
prices (array<float>): float array of prices
Returns: WaveType representing the identified wave type. na otherwise

method scanMotiveWave(pivot, lastPivot, existingWaves, allowedTypes)
Scan for motive wave
Namespace types: zg.Pivot
Parameters:
pivot (Pivot type from Trendoscope/Zigzag/7): Zigzag pivot that will be checked for motive wave
lastPivot (Pivot type from Trendoscope/Zigzag/7): previous Zigzag pivot
existingWaves (array<Wave>): array of existing waves
allowedTypes (array<WaveType>): allowed Wave types to filter them
Returns: array of subwave pivots

SubwavePivots
SubwavePivots represents the sub pivots of the main wave
Fields:
waveType (series WaveType): Type of the Wave
indices (array<int>): Bar index values of sub waves
subPivots (array<Pivot> type from Trendoscope/Zigzag/7): sub pivot objects of the wave

Subwave
Subwave represents the drawing of sub waves
Fields:
waves (array<Line> type from Trendoscope/Drawing/1): array of sub wave lines
points (array<Label> type from Trendoscope/Drawing/1): Array of subwave pivot labels
subwavePivots (SubwavePivots): array of subwave pivots being drawn

Wave
Wave object type
Fields:
pivot (Pivot type from Trendoscope/Zigzag/7): starting point of the wave
wave (Line type from Trendoscope/Drawing/1): Line representing the wave
waveLabel (Label type from Trendoscope/Drawing/1): label containing wave details
subWaves (array<Subwave>): array of sub waves

Release Notes

v2

Updated:
method createWave(pivot, lineColor, waves, limit)
Create wave object
Namespace types: zg.Pivot
Parameters:
pivot (Pivot type from Trendoscope/Zigzag/10): pivot object where the wave needs to be created
lineColor (color): color of the wave to be drawn
waves (array<Wave>): array of existing waves
limit (int): max number of waves to be shown in the chart
Returns: wave object created

method scanMotiveWave(pivot, lastPivot, existingWaves, allowedTypes)
Scan for motive wave
Namespace types: zg.Pivot
Parameters:
pivot (Pivot type from Trendoscope/Zigzag/10): Zigzag pivot that will be checked for motive wave
lastPivot (Pivot type from Trendoscope/Zigzag/10): previous Zigzag pivot
existingWaves (array<Wave>): array of existing waves
allowedTypes (array<WaveType>): allowed Wave types to filter them
Returns: array of subwave pivots

SubwavePivots
SubwavePivots represents the sub pivots of the main wave
Fields:
waveType (series WaveType): Type of the Wave
indices (array<int>): Bar index values of sub waves
subPivots (array<Pivot> type from Trendoscope/Zigzag/10): sub pivot objects of the wave

Subwave
Subwave represents the drawing of sub waves
Fields:
waves (array<Line> type from Trendoscope/Drawing/2): array of sub wave lines
points (array<Label> type from Trendoscope/Drawing/2): Array of subwave pivot labels
subwavePivots (SubwavePivots): array of subwave pivots being drawn

Wave
Wave object type
Fields:
pivot (Pivot type from Trendoscope/Zigzag/10): starting point of the wave
wave (Line type from Trendoscope/Drawing/2): Line representing the wave
waveLabel (Label type from Trendoscope/Drawing/2): label containing wave details
subWaves (array<Subwave>): array of sub waves

Release Notes

Pine library

In true TradingView spirit, the author has published this Pine code as an open-source library so that other Pine programmers from our community can reuse it. Cheers to the author! You may use this library privately or in other open-source publications, but reuse of this code in publications is governed by House Rules.

Trendoscope

Trial - trendoscope.io/trial
Subscribe - trendoscope.io/pricing
Blog - docs.trendoscope.io

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Pine library

Trendoscope

Trial - trendoscope.io/trial
Subscribe - trendoscope.io/pricing
Blog - docs.trendoscope.io

Also on: