I am not an Elliot wave theory expert but I guess it is possible to do with SQ. You have 2 options:
a) You can either code it using Java according to our codebase example here https://strategyquant.com/codebase
b) Or you can upload just the indicator data into SQX that will be used to evaluate signals as shown here https://strategyquant.com/doc/strategyquant/external-indicators/
The other option is less beneficial because you upload final data that are based on certain indicator setting. If you change the indicator’s setting you need to upload new data. So for custom indicators it is much better to use the option #1 in SQX
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