Motive Wave

Motive Wave hunts for completed five-wave structures on a swing base built from a 10-bar ZigZag, keeping only counts that survive the motive wave hard rules: wave 2 may never retrace beyond wave 1's origin, and wave 3 can never finish shortest of the advancing waves. Counts are drawn and numbered through their pivots and classified by form — impulse when wave 4 holds out of wave 1 territory, diagonal when the waves overlap in a wedge — with labels reporting each wave's ratios against the standard relationships.

How to Trade the Motive Wave?

• Completed count: argues for a corrective phase against the move — the summary label reports form, extension, and the ratio fit out of 4.
• Fifth wave underway: with waves 1-4 in place, a dotted developing count projects the fifth, plus a dashed Invalidation line at wave 1's origin.
• Truncated 5th: a fifth wave stopping short of the wave 3 extreme is flagged as severe weakness.
• Momentum divergence: a fifth-wave extreme on a weaker 14-length RSI reading than wave 3 is flagged as an exhaustion cue.

Alerts cover completed counts, fifth waves underway, divergences, and invalidations.

Motive Wave Settings

• ZigZag Length (default 10): pivot length of the swing base; larger values count larger-degree waves.
• Show Last Motive Waves (default 3): completed counts kept on the chart.
• Show Developing Count (default on): draw the partial count and invalidation level.
• Larger-Degree Trend Filter (default off) with x (default 4): only accept counts moving with a ZigZag leg four times larger.
• Check Subdivisions (default off) with Minor Length (default 3): require five minor sub-swings inside actionary waves, three inside interruptions.
• Ratio Tolerance (default 0.1): slack around the standard relationships.
• Momentum Length (default 14): RSI length behind the divergence check.
• Style inputs set line width, label size, and colors.

Frequently Asked Questions

How is this different from a plain ZigZag?

A ZigZag draws every swing and stops there; this build reads those swings through Elliott's rulebook, discarding sequences that break the hard rules and labeling survivors with form and ratio evidence.

What invalidates a count?

A retrace through wave 1's origin while the fifth wave develops, or a wave 5 extension that leaves wave 3 shortest of the advancing waves. Both fire an invalidation alert and free the region for a recount.

Do the wave labels repaint?

Pivots confirm after the ZigZag length elapses, so counts appear with that delay rather than on the live bar. A completed count can still be upgraded in place if the fifth wave keeps extending from the same origin.