//@version=5

indicator(title="Elliott Wave", shorttitle="EW", overlay=true)

// Define wave structure lengths

wave1_length = 100

wave2_length = 50

wave3_length = 150

wave4_length = 50

wave5_length = 200

// Plot waves

plot(wave1_length, color=color.blue, linewidth=2)

plot(wave2_length, color=color.red, linewidth=2)

plot(wave3_length, color=color.green, linewidth=2)

plot(wave4_length, color=color.orange, linewidth=2)

plot(wave5_length, color=color.purple, linewidth=2)