True Wave Scanner - Automated elliott wave analysis for US and Indian markets
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Instantly scan NIFTY 500 and SPX 500 stocks for high-probability Elliott Wave setups. Our automated tool identifies impulse and corrective patterns on multiple timeframes to give you a trading edge.
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For traders who rely on the Elliott Wave principle, the process is powerful but often painful π«
Manually cycling through hundreds of charts, validating wave counts, and tracking setups is a significant time investment. Itβs far too easy to miss a perfect pattern on a stock you weren't watching.
Today, I'm excited to launch the solution: True Wave Scanner! β¨
The Challenge with Manual Wave Analysis
Elliott Wave theory provides an incredible framework for identifying high-probability turning points. But applying it consistently is a grind. It's time-consuming, prone to subjective errors, and requires immense focus. How many times have you found a perfect impulse wave after the most explosive part of the move was already over?
How True Wave Scanner Gives You an Edge
True Wave Scanner is a web-based application built on a sophisticated backend. It automates the entire process of identifying valid Elliott Wave structures, so you can focus on what matters: analysis and execution.
π€ Automated, Multi-Market Scanning: Our service continuously scans all stocks in the NIFTY 500 (India) and SPX500 (US), looking for emerging Impulse and Diagonal wave patterns.
β³ Multi-Timeframe Analysis: Whether you're a positional or intraday trader, we've got you covered. The scanner supports 1-Day as of now and we plan to add support for 1-Hour and 1-Week timeframes.
π Visual Confirmation on Charts: A signal is useless without context. Every result links to an interactive chart where the wave structure is plotted directly over the price data for instant visual validation.
π Powerful Filters & Shortlist: Zero in on the exact opportunities you're looking for. Find a pattern you like? Add it to your personal Shortlist with a single click.
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