Elliott Waves Indicator MT5
- Indicators
- Eda Kaya
- Version: 2.1
Elliott Waves Indicator MetaTrader 5
By examining price behavior, the Elliott Waves Indicator becomes a strategic asset for traders, detecting impulsive 12345 waves, combination patterns such as ABCDE, and corrective ABC waves—visually representing them on the chart with lines.
«Indicator Installation & User Guide»
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Elliott Waves Indicator Specifications
Category | Elliott Wave — Pivot Points & Fractals — Price Action |
Platform | MetaTrader 5 |
Skill Level | Advanced |
Indicator Type | Reversal — Leading — Non-Redrawing |
Timeframe | Multi-Timeframe |
Trading Style | Scalping — Day Trading — Intraday Trading |
Markets | Forex — Stocks — Indices |
Indicator at a Glance
Uptrend Example
Downtrend Example
Elliott Waves Indicator Settings
Users can personalize the indicator using the following parameters:
• Long Depth: Controls the detection sensitivity for long waves.
• Short Depth: Controls the detection sensitivity for short waves.
• Show Lines: Enables or disables the display of wave lines.
• ABC Label Color: Sets the label color for ABC waves.
• ABCDE Label Color: Sets the label color for ABCDE waves.
• 12345 Label Color: Sets the label color for impulsive 12345 waves.
• Shift: Alters the offset for wave detection.
HELPS A LOT