But, here we are trying to use multiple zigzags instead of just one.
You can select upto 4 different Zigzags and set different length, line color, line width and style for each. Parameters ShowZigZag[1-4], ZigZag[1-4]Length, ZigZag[1-4]Color, ZigZag[1-4]Width, ZigZag[1-4]Style can be used for adjusting these.
ErrorPercent lets you set error threshold calculation of ratios for pattern identification EntryPercent is used for marking Entry and T.Stop (Tight Stoploss) based on the length of Wave 2.
Target of the script is same as before. We are trying to identify Wave 1 and 2 of Elliot Impulese Wave and then project Wave 3. Chances of price following the pattern are there. Hence, we set Stoploss based on levels which fails the pattern.