How to set up this programm idea? : Elliott Wave Counter on Stock Charts by finding Minima and Maxima and how they relate to each other

My Idea is as follows and i want to really get to learn more about programming and how to structure a program:

I want to let count waves on a stock chart. Within the Elliott Wave Rules are some specifications, like (most basic):

Wave 2 never retraces more than 100% of wave 1.
Wave 3 cannot be the shortest of the three impulse waves, namely waves 1, 3 and 5.
Wave 4 does not overlap with the price territory of wave 1, except in the rare case of a diagonal triangle formation.

(from Wikipedia https://en.wikipedia.org/wiki/Elliott_wave_principle#Wave_rules_and_guidelines)

There are more sophisticated rules of course, but in my imagination, they could be addressed by the same iterative logic like in which I want to apply my rules.

Please guys, and girls, give me feedback on my thoughts if they make any sense in structure and layout to set up a program or not, because i lack experience here:

I want to find the minima and maxima, and give them a wavecount depending on the minima and maxima before. Therefore i would check every candle (every closing price, day, hour, etc) if the value is below or above the previous value and also values. For example: If there are two candles going up, then one down, then three up, then two down, then two up, this could be a complete Impulsewave, according to the above-listed rules. In total, i would have 10 candles and the following rules must apply: The third candle (or the first that goes down, after the two going up) must not close below the starting price of the initial candle. AND also it must be met, that the following candles (how much that would become) must all go up in a row, unless they overcome the price of the previous maxima (the second candle). When the price starts to drop again, it could be counted as wave 4 then (second minima in a sequence) and when it goes up again, this would indicate wave 5.

Then it also must be met, that, if the price starts to go down again, it does not close below the first maxima (in this case the second candle).

And so on and so on.

My question now is: Is this kind of looping through certain data points is even a appropriate way to approach that kind of project? Or am I totally wrong here?

I just thought: because of the fractal character of Elliott waves, I would only need very basic rules, that would depend on, what the same iterative process spits out the previous times it is scanning data points.

What do you think?

Is there a better, a smarter way to realise what i am planing to do?

And also, how I could do this in a good way?

Maybe there is also a way to just feed some patterns into a predefined execution structure and then let this run over data points just as price charts.

What would your approach look like?

Thanks a lot and best wishes, Benjamin