Elliott Wave Oscillator Stock Screener

The Elliott Wave Oscillator measures momentum and visually represents the market’s underlying strength or weakness, which can aid traders in identifying potential trend reversals and confirming trading signals to make informed decisions

5 minutes

This post focuses on customizable Elliott Wave Oscillator factory scans, which can be edited, modified, or rewritten and then scanned using ChartAlert’s native stock screener or technical analysis scanner, namely the Basic Scanner and Advanced Scanner.

Display Elliott Wave Oscillator Values

Tags: elliott wave oscillator scanner, elliott wave oscillator stock scanner

List symbols
Add Column Elliott Wave Oscillator as EO
Add Column Elliott Wave Oscillator(TRUE) as EO_ALT
Apply to NSE

This scan shows the Elliott Wave Oscillator (with Default Count) and Elliott Wave Oscillator (with Alternate Count) for all NSE symbols. If the parameter is set to “TRUE,” it indicates that the Alternate Count should be used.

OPTION 1

Alternatively, you can use the following scan to display the same values. Please note that the shorter name “EWOsc” is used instead of “Elliott Wave Oscillator.”

List symbols
Add Column EWOsc as EO
Add Column EWOsc(TRUE) as EO_ALT
Apply to NSE

OPTION 2

If you prefer, you can use the following scan to view the Elliott Wave Oscillator (with Default Count) values for the past 3 bars.

List symbols
Add Column EWOsc as EO
Add Column EWOsc a bar ago as EO_1
Add Column EWOsc 2 bars ago as EO_2
Apply to NSE

Elliott Wave Oscillator turned to Positive

Tags: elliott wave oscillator above 0, elliott wave oscillator breakout, elliott wave oscillator crossover, elliott wave oscillator positive

List symbols where EWOsc has crossed above 0
Add Column EWOsc
Apply to NSE

This scan is designed to identify symbols where the Elliott Wave Oscillator has recently turned positive. The scan report provides the corresponding EWOsc values.

OPTION 1

To enhance the scan’s accuracy and prevent false signals, we have modified the scan to only consider cases where the EWOsc has transitioned from negative to positive after remaining in the negative territory for a minimum of 3 consecutive bars.

List symbols where EWOsc has crossed above 0 after remaining below for 3 bars
Add Column EWosc
Apply to NSE

OPTION 2

The previous scan uses the “Default ElliotWave Count” as the default setting. However, if you wish to use the alternate count, you can activate it by setting the “Alternate Count” parameter to TRUE, as shown below:

List symbols where EWOsc(True) has crossed above 0
Add Column EWOsc(True) as EO_ALT
Apply to NSE

Elliott Wave Oscillator turned to Negative

Tags: elliott wave oscillator below 0, elliott wave oscillator breakout, elliott wave oscillator crossover, elliott wave oscillator negative

List symbols where EWOsc has crossed below 0
Add Column EWOsc
Apply to NSE

The purpose of this scan is to identify specific symbols where the Elliott Wave Oscillator has recently shifted to a negative reading. The output scan report will include the corresponding values of the EWOsc.

OPTION 1

Modify the scan to ensure that the EWOsc remains in positive territory for at least 3 consecutive bars before transitioning to a negative value. This modification serves as a precautionary measure against unexpected spikes in the readings.

List symbols where EWOsc has crossed below 0 after remaining above for 3 bars
Add Column EWosc
Apply to NSE

OPTION 2

By default, the system uses the “Default ElliotWave Count” as the default option. If you wish to utilize the alternate count instead, you can activate it by adjusting the “Alternate Count” parameter to TRUE, as demonstrated below:

List symbols where EWOsc(True) has crossed below 0
Add Column EWOsc(True) as EO_ALT
Apply to NSE

Bearish Elliott Wave Oscillator Divergence

Tags: elliott wave oscillator bearish divergence screener, elliott wave oscillator divergence scanner, elliott wave oscillator hidden bearish divergence screener

List symbols where pattern is Bearish Divergence EWOsc
Add Column EWOsc
Apply to NSE

This scan looks for NSE symbols that show a typical bearish Elliott Wave Oscillator divergence. It examines the highs and lows of the price chart to identify divergence and requires a minimum of 5 bars.

If you’re interested in identifying hidden divergences, you can explore the following option.

OPTION 1

To detect hidden bearish divergences in the Elliott Wave Oscillator, modify the original scan as provided below. The output report will also include the calculated value of the Elliott Wave Oscillator.

List symbols where pattern is Bearish Divergence EWOsc(Hidden)
Add Column EWOsc
Apply to NSE

Bullish Elliott Wave Oscillator Divergence

Tags: elliott wave oscillator bullish divergence, elliott wave oscillator divergence scanner, elliott wave oscillator hidden bullish divergence screener

List symbols where pattern is Bullish Divergence EWOsc
Add Column EWOsc
Apply to NSE

This scan is designed to identify NSE symbols that show a common pattern known as bullish Elliott Wave Oscillator divergence. It uses the highest and lowest points on the price chart to determine the presence of divergence, requiring a minimum of 5 bars.

If you’re interested in finding hidden divergences, you can consider the following option.

OPTION 1

To detect hidden bullish divergence on the Elliott Wave Oscillator, modify the original scan as provided below. The output report will also include the calculated value of the Elliott Wave Oscillator.

List symbols where pattern is Bullish Divergence EWOsc(Hidden)
Add Column EWOsc
Apply to NSE

For comprehensive insights into the Elliott Wave Oscillator, including its computation methodology, the role of Elliott Wave Oscillator in technical analysis, how to use the Elliott Wave Oscillator in trading, as well as an exploration of its advantages and limitations as an indicator, click here.

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