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MichaelWave5 is the Elliott wave indicator which analyzes local highs and lows, calculates Fibonacci levels, calculates Elliott waves and based on this information it draws predicted future price movement on a chart.

The indicator does not require additional configuration, it works on any timeframe and with any trading instrument, including currencies, indices, futures, etc.

Input Parameters

  • Color wave - select the color of the wave.
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Version 3.0 2019.01.30
Исправлены ошибки предыдущей версии
Version 2.0 2017.03.31
Added link to developer's webstite