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eWaves Indicator
Plots colour-coded histograms (based on the Bill Williams Awesome Oscillator).Using the histogram data, it computes Elliot Waves 3, 4 and 5 and plots the count on both the histogram windowand (if the ShowEWOnChart option is set to true) the price window. After a Wave 3 has been found, it looks for alikely start of Wave 1, from which Fibonacci Expansion are plotted to forecast the price where Wave 5 could go(shown as TZ1 and TZ2 -FE 61.8 and FE 100 respectively). It will also plot Fibonacci Time Zones, based on the likelyWave 1 start and Wave 3, to determine where Wave 5 will be. There are also options to display the count of barsbetween cross of zero line, along with vertical lines to highlight those crosses.The following applies if the ShowEWOnChart option is set to true