OPEN-SOURCE SCRIPT
Updated Elliot Wave Oscillator

EWO Indicator, helps to indentify waves
Similar like LazyBear's Indicator: ElliotWave Oscillator [EWO]
I extended and changed the following:
Similar like LazyBear's Indicator: ElliotWave Oscillator [EWO]
I extended and changed the following:
- Allow custom SMA interval default 5 and 35. Dont use EMAs
- Choose input source: default close, f.e. use HL2
- Show difference of SMAs in percent based on current candle default "true", this is very useful for historical charts
Release Notes
fixed typo... Ralph Nelson ElliottRelease Notes
seems like renaming not possible yetRelease Notes
Update to Version 5Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
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.