Elliott Wave: Pro Forecast + Dashboard (with RSI Divergence)Elliott Wave: Pro Forecast + Dashboard (with RSI Divergence)
This indicator provides a dynamic, real-time projection of Elliott Wave structures, helping traders identify potential trend exhaustion and reversal targets. By combining historical pivot analysis with Fibonacci extensions, it forecasts both short-term "extensions" and long-term "macro" moves.
🚀 Key Features
Automated Elliott Wave Projections: Automatically plots potential 5-wave impulse moves (bullish) and 3-wave corrective moves (ABC - bearish) based on current market volatility.
RSI Divergence Integration (⚡): The script scans for discrepancies between price and momentum. If a reversal is projected while a Bullish or Bearish divergence exists, a lightning bolt icon appears, signaling a high-probability setup.
Dual-Horizon Forecasting:
Short-Term Extension: Projects the immediate continuation of the current trend.
1-Year Macro Projection: A "Big Picture" mode that uses high-sensitivity pivots to forecast long-term structural shifts.
Dynamic Data Dashboard: An on-chart table calculates exact Fibonacci price targets and the percentage distance from the current price, allowing for precise risk/reward planning.
Invalidation Logic: Clearly marks the "Invalidation Line." If price breaches this level, the current wave count is considered void.
🛠️ How to Read the Chart
Historical Waves (Green/Teal): Shows the confirmed pivots that the script is using as a baseline.
Extensions (Orange): The immediate predicted path if the current momentum continues.
Reversals (Blue): The projected Elliott Wave path if the current pivot holds.
Look for the ⚡ symbol near the Invalidation line; this indicates RSI Divergence, suggesting the reversal has strong momentum backing it.
Macro Projection (Purple): Designed for swing traders and investors to see where the asset could be in a year based on larger cycle pivots.
⚙️ Settings & Customization
Sensitivity: Adjust the "Short-Term" and "Macro" sensitivity to filter out market noise or capture smaller intraday cycles.
Scenario Linking: You can choose to have the Reversal projection start after the Extension target is hit, or have them run independently.
Visual Toggles: Enable/Disable the target table, Fibonacci grid levels, and chart labels to keep your workspace clean.
Disclaimer: This indicator is a mathematical projection based on historical volatility and Elliott Wave rules. It is a tool for technical analysis and does not guarantee future results. Always use proper stop-loss management.
Indicateur Pine Script®






















