elliottTripleCombo

The Elliott Triple Combo is the most complex corrective formation in Elliott Wave Theory. It links three corrective structures (W, Y, Z) with two connectors (X and X2). It usually appears when the market extends sideways much longer than expected, dragging out corrections before resuming the main trend.

Syntax

elliottTripleCombo(originPoint, pW, pX, pY, pX2, pZ, styles?)

Parameters

originPoint (PricedData) · Starting point before the correction begins. pW (PricedData) · End of the first corrective pattern (W). pX (PricedData) · First connector wave (X). pY (PricedData) · End of the second corrective pattern (Y). pX2 (PricedData) · Second connector wave (X2). pZ (PricedData) · End of the third corrective pattern (Z). styles (ElliottTripleComboStyleOverrides) · Style and display options:

• fillBackground (boolean) · Fill the corrective area.

• transparency (number) · Background transparency (0–100).

• showLabels (boolean) · Show all labels (W, X, Y, X2, Z).

• line (LinesLevels without coeff) · Line style for connectors (linestyle, linewidth, color).

• background (RGBAColor | BaseColors) · Fill color for the pattern’s body.

Return Value

(string) · The drawing ID of the created Elliott Triple Combo.

Example

Every 120 candles, we draw a Triple Combo correction using six swing points.

//@version=1
init = () => {
  indicator({ onMainPanel: true, format: 'inherit' });
};

onTick = () => {
  if (index % 120 === 0) { // draw every 120 bars
    // 1) Define anchors
    const O  = newPoint(time(160), high(160));
    const W  = newPoint(time(135), low(135));
    const X  = newPoint(time(115), high(115));
    const Y  = newPoint(time(90),  low(90));
    const X2 = newPoint(time(65),  high(65));
    const Z  = newPoint(time(40),  low(40));

    // 2) Style configuration
    const style = {
      fillBackground: true,
      transparency: 75,
      showLabels: true,
      line: { linestyle: 0, linewidth: 2, color: color.red },
      background: color.rgba(255, 0, 0, 0.2)
    };

    // 3) Draw Triple Combo
    elliottTripleCombo(O, W, X, Y, X2, Z, style);
  }
};

Tips

• Triple Combos are rare but important in complex Elliott counts.

• They usually appear in sideways markets where time is being consumed more than price movement.

• The final Z wave often provides the last push before the next impulse begins.

Warning

• Avoid forcing this structure — only use it when you clearly see W, X, Y, X2, Z with proper corrective characteristics.

Good Practice

• Use a distinct color (like red) for Triple Combos so they stand out as complex corrections.

• Compare proportions: often W ≈ Y, while Z may be shorter or similar in length to Y.