The MTP Wave Price Targets script allows you to project “in advance” WPT (Wave Price Target) zones on your chart, these anticipate where the next Elliott Wave swing is likely to end. WPT zones are calculated using clusters of Fibonacci Price levels that are specific to the Wave in question.
This is designed to be used with the users own “manual” Elliot Wave count. The user can use the MTP Pivots (that are included in the MTP Analysis Script) as a guide to see the swings to choose on the Chart. The user has several options (Pivot Number, Last Pivot, Pivots Back or Bar Number) on how to choose the Pivot to display the WPT Targets from.
There is a risk in Trading and Investing. Losses can and will unfold.
The script is available as an “invite-only” script, as part of the MTPredictor suite of tools on Trading View.
To obtain access, please go to the web page in our signature that appears below.
Versionshinweise
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This new version has been rewritten from the ground up to take advantage of the new features that are available in Pine Script v5, as well as their new Library functions. This increases efficiency of the scripts and as such increased reliability.
The new version also makes use of the new "grab and drag" capabilities of Pine v5 to apply the Wave Price Targets to the Chart, and as such has made the Script a lot easier to use. Please see the new help videos on the MTPredictor web site to see how to use the new features.
Current users upgrade instructions: Please remove the old script and then add this new one onto all of your Charts, to update to the latest version.