ElliottWave Pro

ElliottWave Pro — Automatic Wave 2 Detection and Wave 3 Targets

An indicator for MetaTrader 5 that automates Elliott Wave and Fibonacci analysis. ElliottWave Pro detects the end of the first impulse (Wave 1), calculates the corrective zone (Wave 2) and draws a ready-to-use trading setup with Stop Loss and Take Profit levels.

Key Features

  • Automatic Wave 1 detection: connects points P0 and P1 to show the trend structure.
  • Wave 2 entry zone: a rectangular retracement zone with Fibonacci levels 38.2%, 50.0% and 61.8%.
  • Ready levels: Stop Loss — below the start of Wave 1 (point P0); Take Profit — 161.8% of the Wave 1 length measured from its start (the classic Wave 3 target).
  • Two-level alerts: a warning when Wave 1 is confirmed and a signal when the Wave 2 entry zone is ready.
  • Works on any timeframe and any financial instrument (Forex, Crypto, Indices, Metals).

How to use

  1. Wait for the Wave 1 alert.
  2. A colored zone appears (green — BUY, red — SELL) with Fibonacci levels.
  3. Enter on price touch or reversal inside the 38.2%–61.8% retracement zone (according to your trading strategy).
  4. Place Stop Loss at the red dashed line and Take Profit at the green solid line (161.8%).

Settings

  • ZigZag:  ZZ_Depth  (12) — depth of extreme search;  ZZ_Deviation  (5) — minimum distance between extremes in points.
  • Wave 2 filters:  Fibo_Min_Retracement  (0.382 / 38.2%) — minimum retracement depth;  Fibo_Max_Retracement  (0.618 / 61.8%) — maximum retracement depth.
  • Display:  Max_Show_Setups  (3) — number of setups shown;  ShowWave1Line  (true) — Wave 1 line;  ShowFiboLevels  (true) — Fibonacci levels inside the zone; colors of BUY/SELL zones, SL and TP lines.
  • Alerts:  EnableAlert_W1  (true) — Wave 1 alert;  EnableAlert_W2  (true) — Wave 2 entry zone alert.

Note: this indicator provides analysis only and is not an automated trading system; trading decisions remain with the trader.


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Atomic Analyst — MetaTrader 5 Message me on MQL5 after purchase to receive Smart Universal Expert Advisor for FREE, plus the online course, PDF manual, and private group access. Atomic Analyst brings price action, trend direction, entry and exit signals, Stop Loss and multiple Take Profit levels together on your chart. SEE THE SIGNAL. UNDERSTAND THE SETUP. Atomic Analyst organizes its analysis into clear visual information: • Buy and sell arrows to identify potential entries. • Stop Loss and mul
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Issam Kassas
4.36 (22)
Indicators
Smart Price Action Concepts — MetaTrader 5 Message me on MQL5 after purchase to receive Smart Universal Expert Advisor for FREE, plus the online course, PDF manual, and private group access. See the structure. Identify the zones. Build your trading plan. Bring Smart Money Concepts (SMC), ICT-style analysis and price action together in one organized chart. Identify market structure, order blocks, liquidity reference levels and imbalances, then choose which elements to display through the Smart Pa
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Oleg Rodin
5 (1)
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Scalper Vault is a powerful, fully-equipped trading system designed for traders who want to achieve consistency in intraday trading . This high-precision indicator serves as a complete, standalone trading system that delivers institutional-grade analysis for both Forex and Binary Options traders. PLEASE CONTACT ME AFTER PURCHASE TO GET MY TRADING TIPS PLUS A GREAT BONUS! By eliminating the guesswork and complex manual analysis, Scalper Vault allows you to focus purely on execution using easy to
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