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Responding to somebodys comments earlier in the thread, I agree that the hardest part of writing an EA would be identifying the Active Wave.
I have attached an E-Signal EFS that identifies and draws on Waves/Swings, and I think it would be perfect for identifying the active wave by simply filtering out those that are greater than 40 pips. From there you can calculate Fib Levels and subsequent breaches of those levels.
I hope the attached script is iseful for any experienced programmers out there.
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