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Elliott Wave Trend MT4

4

Elliott Wave Trend was designed for the scientific wave counting. This tool focuses to get rid of the vagueness of the classic Elliott Wave Counting using the guideline from the template and pattern approach. In doing so, firstly Elliott Wave Trend offers the template for your wave counting. Secondly, it offers Wave Structural Score to assist to identify accurate wave formation. It offers both impulse wave Structural Score and corrective wave Structure Score. Structural Score is the rating to show how good your Elliott Wave pattern is. 100% means that it is good wave pattern. The score below 80% or negative values means that you might have some mistakes in your analysis. Elliott Wave Trend will correct some obvious mistake in your wave counting if the counting goes against the three Wave rules proposed by Ralph Elliott.


Must Read

Please note that even though there are many automatic features inside Elliott Wave Trend. However, some manual operation is still required for Elliott Wave counting. In addition, you will need some discipline and knowledge in Elliott Wave counting to use this tool.


Operation with Buttons

Our Elliott Wave Trend operate mostly with button and mouse clicks.

  • Impulse: Press this button first to start labeling impulse waves on your chart. When this button is off, you can’t label any impulse wave in your chart. Once this button is pressed, then double click in your chart to label each impulse wave (i.e. wave 1, 2, 3, 4 and 5). When you finish labeling for impulse wave, just release this button again. Note that in your first double click, origin (.) of your wave will be marked. After that, label 1, 2, 3, 4 and 5 will follow.
  • Correct: Press this button first to start labelling corrective waves on your chart. When this button is offer, you can’t label any corrective wave in your chart. Once this button is pressed, then double click in your chart to label each corrective wave (i.e. wave A, B and C). When you finish labeling for impulse wave, just release this button again. Note that in your first double click, origin (.) of your wave will be marked. After that, label A, B and C will follow.
  • DE Label: DE Label is the short for delete label. When you press this button, the latest label will be deleted from your chart.
  • DE Cycle 1: DE Cycle 1 is the short for Delete Cycle 1. When you press this button, all the labels in the current wave cycle will be deleted. While impulse button pressed, pressing DE Cycle 1 will remove all the labels for impulse wave in the current cycle only leaving the labels for corrective wave. While correct button pressed, pressing DE Cycle 1 button will remove all the labels for corrective wave in the current cycle only.
  • DE ALL: DE ALL is the short for delete all. When you press this buttons, all the labels will be removed regardless of their cycle.
  • Draw Line: You should use this button after your labelling is done in your chart. When you press this button, Elliott Wave Trend will connect each label with lines automatically.
  • DE Cycle 2: DE Cycle 2 is the short for Delete Cycle 2. When you press this button, all the lines in the current wave cycle will be deleted. While impulse button pressed, pressing DE Cycle 2 will remove all the lines for impulse wave in the current cycle only leaving the lines for corrective wave. While correct button pressed, pressing DE Cycle 2 button will remove all the lines for corrective wave in the current cycle only.
  • DE All Line: DE All Line is the short for Delete All Lines. When you press this buttons, all the lines will be removed regardless of their cycle.
  • Panel: Press this button to show and hide the information panel. The information panel provide you the three Elliott Wave counting rules.
  • WaveTrend: Press this button to show and hide the trend indicator in your chart. You can use this trend indicator to assist for your trading.
  • << : decrease Cycle
  • >> : increase Cycle


Trading Strategy Guide

You will find the detailed guide line using Elliott Wave Theory and Elliott Wave Pattern from the link below:

https://www.mql5.com/en/blogs/post/750343


Important Note

This is the off the shelf product. Therefore, we do not accept any modification or customization request on this product. In addition, we do not provide any code library or any support for your coding for this product.

Bewertungen 9
lauro1956
4190
lauro1956 2022.08.24 09:48 
 

Precise indicator... will help you understand Elliot Waves... essential. Good work

Khalid Albarrak
905
Khalid Albarrak 2018.11.09 17:00 
 

good

Andres Meza
573
Andres Meza 2017.03.28 19:25 
 

Outstanding tool for counting waves. A must buy.

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Der EZT-Trendindikator zeigt Ihnen den Trend, den Rückzug und die Einstiegsmöglichkeiten. Optionale Filterung und alle Arten von Warnungen sind verfügbar. E-Mail- und Push-Benachrichtigungsbenachrichtigungen werden hinzugefügt. Wir entwickeln auch einen EA basierend auf diesem Indikator, der bald verfügbar sein wird. Es handelt sich um einen multifunktionalen Indikator, der aus zwei Farbhistogrammen und einer Linie besteht. Es handelt sich um eine visuelle Darstellung der Richtung und Stärke
This is a trend Predictor. Honestly I have to give some credit to some few developers I know personally because they helped pulled this off.  The trend indicator uses special optics to direct the flow of price . it detects where the trend is moving into  It uses price action and a few other embedded custom indicator. You can use it in all timeframes and will be available at a much cooler price.  Please test this Indicator before buying to make sure you like what you see. I can't guarantee th
Order Block Indicator MT4
Diego Arribas Lopez
5 (3)
[   MT5-Version   ]  Orderblock-Indikator MT4 Der Order Block Indicator MT4 ist derzeit der genaueste und anpassbarste Indikator auf dem Markt. Es wurde entwickelt, um die Analyse von Operationen basierend auf Auftragsblöcken und Angebots- und Nachfragezonen zu erleichtern. Diese Zonen sind mögliche Umkehrpunkte einer Bewegung. Orderblock Indicator MT4 hebt aktive Orderblöcke von bis zu 4 TFs gleichzeitig hervor. Gleichzeitig bietet der Order Block Indicator MT4 ein visuelles Warnsystem, mit dem
The 5X target indicator is an indicator that plots the optimal entry zone and the target for the trading day. It also plots a level where the stoploss can be moved to breakeven for a risk free trade which is 2X. This indicator has time window inputs. The default settings are from 02:00 to 19:00 CET+1 time zone. This indicator is based used with a direction bias for the day. I post the direction bias for several pairs in the comments section. Added a new feature Time Zone to help trade the highes
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Introduction Harmonic Patterns are best used to predict potential turning point. Traditionally, Harmonic Pattern was identified manually connecting peaks and troughs points in the chart. Manual harmonic pattern detection is painfully tedious and not suitable for everyone. You are often exposed under subjective pattern identification with manual pattern detection. To avoid these limitations, Harmonic Pattern Plus was designed to automate your harmonic pattern detection process. The functionality
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Elliott Wave Trend was designed for the scientific wave counting. This tool focuses to get rid of the vagueness of the classic Elliott Wave Counting using the guideline from the template and pattern approach. In doing so, firstly Elliott Wave Trend offers the template for your wave counting. Secondly, it offers Wave Structural Score to assist to identify accurate wave formation. It offers both impulse wave Structural Score and corrective wave Structure Score. Structural Score is the rating to sh
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Introduction This indicator detects volume spread patterns for buy and sell opportunity. The patterns include demand and supply patterns. You might use each pattern for trading. However, these patterns are best used to detect the demand zone (=accumulation area) and supply zone (=distribution area). Demand pattern indicates generally potential buying opportunity. Supply pattern indicates generally potential selling opportunity. These are the underlying patterns rather than direct price action. T
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Introduction This indicator detects volume spread patterns for buy and sell opportunity. The patterns include demand and supply patterns. You might use each pattern for trading. However, these patterns are best used to detect the demand zone (=accumulation area) and supply zone (=distribution area). Demand pattern indicates generally potential buying opportunity. Supply pattern indicates generally potential selling opportunity. These are the underlying patterns rather than direct price action. T
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Auto Chart Alert MT5
Young Ho Seo
3.6 (5)
Introduction Auto Chart Alert is a convenient tool to set alert for your trading in your chart. With Auto Chart Alert, you can set the alert line in one click in your desired location in your chart. You can even set alert over the sloped lines in your chart. Auto Chart Alert is a great tool when you have to watch out importnat support and resistance levels for your trading. You can receive the sound alert, email and push notification when the price hit the alert line at you desired location. A
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Auto Chart Alert MT4
Young Ho Seo
5 (5)
Introduction Auto Chart Alert is a convenient tool to set alert for your trading in your chart. With Auto Chart Alert, you can set the alert line in one click in your desired location in your chart. You can even set alert over the sloped lines in your chart. Auto Chart Alert is a great tool when you have to watch out importnat support and resistance levels for your trading. You can receive the sound alert, email and push notification when the price hit the alert line at you desired location. A
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Introduction to GARCH Indicator GARCH is the short initial for Generalized Autoregressive Conditional Heteroskedasticity and it is the volatility prediction model commonly used in financial industry. GARCH model was first appeared in the work by Danish Economist, Tim Peter Bollerslev in 1986. The 2003 Nobel Prize winner, Robert F Engle also added much contribution for the refinement of GARCH model with Tim’s work. Our GARCH INM predictor took the original method of Nelder Mead for GARCH model bu
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Introduction This indicator detects volume spread patterns for buy and sell opportunity. The patterns include demand and supply patterns. You might use each pattern for trading. However, these patterns are best used to detect the demand zone (=accumulation area) and supply zone (=distribution area). Demand pattern indicates generally potential buying opportunity. Supply pattern indicates generally potential selling opportunity. These are the underlying patterns rather than direct price action. T
Introduction to Fractal Moving Average Fractal Moving Average indicator was designed as part of Fractal Pattern Scanner. Inside Fractal Pattern Scanner, Fractal Moving Average Indicator was implemented as multiple of chart objects. With over thousands of chart object, we find that it was not the best and efficient ways to operate the indicator. It was computationally too heavy for the indicator. Hence, we decide to implement the indicator version of Fractal Moving Average indicator to benefit
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Introduction To Time Box Indicator Time Box Indicator is a must have indicator for any trader. It will display daily, weekly and Monthly box according to your preferences. Yet, you can extend any important price levels in your chart automatically. You can use them as the significant support and resistance levels. It is very simple but effective tool for your trading. Graphic Setting Use White Chart Line Style for Current Open price Daily Setting Update Timeframe for daily box Number of days
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This innovative technical indicator was created to detect quiet market period before the beginning of the high volatile market. Like many good technical indicators, this Market Activity Index is very stable and it is widely applicable to many financial and non financial instruments without too much restriction. The Market Activity Index can be used best to visualize the alternating form of low and high volatile market. It is very useful tool to pick up the quiet market but ironically this is the
Auswahl:
lauro1956
4190
lauro1956 2022.08.24 09:48 
 

Precise indicator... will help you understand Elliot Waves... essential. Good work

Nicolas Dobrovsky
684
Nicolas Dobrovsky 2020.12.16 08:13 
 

I was expecting something better. bad communication with the developer, not responding. indicator is very expensive, I do not recommend

majed237
128
majed237 2020.03.30 06:07 
 

I can not find any signal in chart iwont return my money

Khalid Albarrak
905
Khalid Albarrak 2018.11.09 17:00 
 

good

ioricool
610
ioricool 2017.09.09 15:53 
 

Spent 600 dollars to buy Young Ho Seo several indicators, before finding the problem, to find Young, Ho, Seo communication, he will send a lot of PPT to you, I seriously spent 1 months to read, and the problem is still unsolved! I think a lot of websites, $1-20, can do that. I think it's a waste of money. The reason for the loss of confidence in the Young Ho Seo is the greater the signal he sees. The index would not have made such a bad EA signal if it were really helpful!https://www.mql5.com/zh/signals/103405

Andres Meza
573
Andres Meza 2017.03.28 19:25 
 

Outstanding tool for counting waves. A must buy.

Alfredo Sabatini
387
Alfredo Sabatini 2017.01.07 20:21 
 

Der Benutzer hat keinen Kommentar hinterlassen

nguyenphanduc
199
nguyenphanduc 2016.08.29 18:11 
 

Perfect tool to count wave.

Great profit for me.

Thanks Young Ho Seo very much :)

https://www.mql5.com/en/charts/5696670/usdchf-h1-teletrade-dj-international

braveamit
43
braveamit 2016.06.23 17:37 
 

Der Benutzer hat keinen Kommentar hinterlassen

Antwort auf eine Rezension
Version 11.5 2022.03.02
In version 11.5, we made some minor improvement on Elliott Wave Trend.

Impulse: Press this button first to start labeling impulse waves on your chart. When this button is off, you can’t label any impulse wave in your chart. Once this button is pressed, then double click in your chart to label each impulse wave (i.e. wave 1, 2, 3, 4 and 5). When you finish labeling for impulse wave, just release this button again. Note that in your first double click, origin (.) of your wave will be marked. After that, label 1, 2, 3, 4 and 5 will follow.
Correct: Press this button first to start labelling corrective waves on your chart. When this button is offer, you can’t label any corrective wave in your chart. Once this button is pressed, then double click in your chart to label each corrective wave (i.e. wave A, B and C). When you finish labeling for impulse wave, just release this button again. Note that in your first double click, origin (.) of your wave will be marked. After that, label A, B and C will follow.
DE Label: DE Label is the short for delete label. When you press this button, the latest label will be deleted from your chart.
DE Cycle 1: DE Cycle 1 is the short for Delete Cycle 1. When you press this button, all the labels in the current wave cycle will be deleted. While impulse button pressed, pressing DE Cycle 1 will remove all the labels for impulse wave in the current cycle only leaving the labels for corrective wave. While correct button pressed, pressing DE Cycle 1 button will remove all the labels for corrective wave in the current cycle only.
DE ALL: DE ALL is the short for delete all. When you press this buttons, all the labels will be removed regardless of their cycle.
Draw Line: You should use this button after your labelling is done in your chart. When you press this button, Elliott Wave Trend will connect each label with lines automatically.
DE Cycle 2: DE Cycle 2 is the short for Delete Cycle 2. When you press this button, all the lines in the current wave cycle will be deleted. While impulse button pressed, pressing DE Cycle 2 will remove all the lines for impulse wave in the current cycle only leaving the lines for corrective wave. While correct button pressed, pressing DE Cycle 2 button will remove all the lines for corrective wave in the current cycle only.
DE All Line: DE All Line is the short for Delete All Lines. When you press this buttons, all the lines will be removed regardless of their cycle.
Panel: Press this button to show and hide the information panel. The information panel provide you the three Elliott Wave counting rules.
WaveTrend: Press this button to show and hide the trend indicator in your chart. You can use this trend indicator to assist for your trading.
<< : decrease Cycle
>> : increase Cycle
Version 11.3 2019.12.20
In Version 11.3, We made some improvement on your wave counting. Now you can immediately delete Wave patterns by clicking circle button in the indicator window. Hence, it is much easier to count Elliot Wave.
Version 11.2 2019.01.01
In Version 11.2, We have added Support and Resistance Zone detection using Superimposed Pattern Principle (Reference: Scientific Guide to Price Action and Pattern Trading - Wisdom of Trend, Cycle and Fractal Wave)
Version 10.6 2018.07.31
In version 10.6, Elliott Wave Trend can scan Turning Point Strength for multiple timeframe (MTD = Multiple Timeframe Pattern Detection). Please note that MTD can take heavy computation and it can slow down your MetaTrader and your computer.
Version 10.1 2018.05.03
In version 10.1, you have all types of the template shown instead of 1 type of templates.
Version 9.7 2018.03.28
In Version 9.7, user can save and load the wave counting.
Version 8.1 2017.05.19
In Version 8.1, we have made a really small change. In version 8.0 we have omitted Wave template feature for some reason. Now we have put the wave template feature again in our version 8.1. This is a really minor change and it does not affect most of you.
Version 8.0 2017.05.10
In version 8.0, you can label ABCDE wave pattern. The automatic feature involves drawing the ABCDE envelop line for your own convenience.
Version 7.3 2017.02.02
In Version 7.3, We have added Invalidation Check Box for Wave 2 and Wave 4 and We have added the range defined for flat and triangle corrective wave.
Version 7.0 2016.12.21
We have made a minor update in our Elliott Wave Trend for Version 7.0 from previous version 6.8.

Instead of showing only Impulse Wave Structural Score, we show both Impulse Wave and Corrective Wave Structural Score.

When you identify impulse Wave (trend), Impulse Wave Structural Score must be greater than Corrective Wave Structural Score, or at least the Impulse Wave Structural Score must not be marginally smaller than Corrective Wave Structural Score assuming Impluse Wave Structural Score is greater than 80%.
Version 6.8 2016.12.14
In version 6.8, we have made quite a lot of changes to our Elliott Wave Trend. Therefore, we have changed quite a lot of our product description too. Overall, we made quite a lot of automation performing the analysis techniques of Professional Elliott Wave Traders in version 6.8. Fully automatic labelling feature and channelling techniqures are also added to our version 6.8.
Version 5.1 2016.06.14
In version 5.1, Two additional buttons are added to our Elliott Wave Trend tool

1. "Save" button: Now user can save the best parameters. So once he saved the best parameters, every time, he load chart, he will see the best parameter setting. If you want to remove the best parameters sets. Simply open MQL4 (or 5) Data folder, then open Files folder and then open "EWT" folder. All the save parameters are located here. If you delete these files. Elliott Wave trend will not load these parameters any more.

2. "BT" button: now user can click "BT" button to remove all the buttons from your chart. It is good if you want to have more space on your chart.


3. More improved prediction and wave detection engine. Comparing to previous version, now Elliott Wave Trend tools are more accurate and use less computation.