The built-in studies are calculated in your browser, the heavier ones in a Web Worker. OpenScript lets you write your own studies and alerts. Fair value gaps and Elliott Wave impulse candidates are calculated on TPOflow servers from closed candles.
Each study has typed parameters and is recalculated as new candles arrive.
An editor in the chart workspace for scripted studies that plot on the chart and can raise their own alerts. Example scripts are included.
Elliott Wave marks possible five-wave impulses from confirmed swing highs and lows, labelled 0 to 5. Fair value gaps mark three-candle wick gaps until they fill.
On plans that include it, the Elliott Wave tool looks for five-wave impulses in confirmed swing highs and lows on closed candles. A swing counts only after the number of bars you choose (1 to 20), so labels appear late and can be revised or removed as new candles close. It checks the basic impulse rules: wave 2 does not pass the start of wave 1, wave 3 is not the shortest, and wave 4 stays out of wave 1’s range. Corrective waves, subwaves and diagonals are not classified, and no Fibonacci targets are drawn.
Illustration only · a fixed drawing, not generated from market data
This platform is for market analysis. It cannot place, modify or cancel an order, and it is not a trading terminal.
Create an account and open it in the chart workspace. Some modules need a plan that includes them.
