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2016.07.18 12:45

Elliott Wave Oscillator - indicator for MetaTrader 4

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Published by:
Hossein Nouri
votes: 24

Real author:

Hossein Nouri

A good oscillator for helping you count Elliot waves.

  • Different bar colors for noticing trend change
  • Capable of drawing moving average in indicator's window
  • All options are customizable

Version 1.1

  • fixed some bugs
  • calculation improvement


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Shows simple channels for daily, weekly, monthly timeframes.

The correct order (version 1.0.01) The correct order (version 1.0.01)

The EA is based on 5 MAs: 10-, 20-, 50-, 100-, 200- period and + ADX (the main line)

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This EA uses different indicators: ADX, Stochatisc, Accelerator... This EA is optimized for USDJPY TF H4, but it can work on others if you optimize it.