Calculations : ( With High Accuracy) 1. Able to calculate Elliot waves and number it based on Elliot Rules and Terms. 2. Able to plot expected target for next wave based on Elliot Rules and Terms. 3. Able to plot the 8 common patterns of Elliot with proper numbering and draw shape trend lines 4. Able to auto plot support and resistance Levels 5. Able to auto plot Supply and Demand Levels 6. Able to auto expect next target based on pattern and wave no. 7. Detect two kinds of technical patterns : Engulfing and Pinbar (Bullish / Bearish kind)
Screener : ( we need to agree on screener design which will show on screen) 1. Ability to add 50 currencies to watch if : 1.1 Detected wave. 1.2 Detected pattern. 1.3 Liquidity (Low / Normal / High) 1.4 Main Trend Status ( Long / Short / Sideways) – time frames : 1H , 4H and 1D 1.5 Sub Trend Status ( Long / Short / Sideways) – time frames : 3Min,5Min and 15m 1.6 Current Wave : Impulsive / Correction with Wave number
Work : - Auto Switch the chart to Bars - Ability to do back testing Addon: - Position Calculator ( can create on screen position by selecting the currency / amount in money and leverage used , and shall plot position status on chart showing dynamic profit and loss / entry and SL) - Shall have 3 entry prices and up to 5 targets. - Calculator shall have saved record file for all deals details which can be viewed or shared - Can be integrated to telegram bot showing the position opened , closed with profit / loss - Frequent updates to telegram as long as the position active. Strategy : Trade Entry The main entry will be with wave 3 and wave 5 confirmation and exit when confirmed correction started Long Entry = Wave 2 / Wave 4 Completed ( Elliot Patterns) + Stable /High Liquidity + Bullish Price Action (Pinbar / Engulfing Short Entry = Wave 1 / Wave 3 / Wave 5 Completed + Stable/High Liquidity + Bearish Price Action
Exit Entry: 1. As per Elliot – fib retracement and Ext. ratios (Elliot Waves Theory)
