Elliot Nexus Prime MT4
- Indicators
-
Le Kim Phong
I have been trading with proprietary trading firms since 2016, building 10 years of experience in the financial markets and refining trading systems, indicators, and automated strategies.
My EAs and indicators are built around clear, transparent trading logic. - Version: 2.0
- Activations: 5
ELLIOT NEXUS PRIME - Professional Multi-Degree Elliott Wave Analysis for MT4
Elliot Nexus Prime is an advanced Elliott Wave analytical indicator for MetaTrader 4, developed to transform complex wave structure into a clear, structured and actionable market map.
The indicator combines multi-degree Elliott Wave inference, structural analysis, Fibonacci projections, Primary/Alternate scenarios, market structure and two independent analytical signal frameworks inside one professional chart interface.
It is designed for traders who want to analyze market structure systematically instead of manually counting waves bar by bar.
Indicator only - no automatic order execution, no trade management and no broker-side trading operations.
MULTI-DEGREE ELLIOTT WAVE ENGINE
Elliot Nexus Prime analyzes market structure simultaneously across multiple Elliott degrees:
- Micro Degree
- Minor Degree
- Intermediate Degree
The engine uses confirmed structural swings and maintains multiple bounded Elliott interpretations before selecting the strongest current scenario. This allows the indicator to display both the main market thesis and higher/lower-degree context without relying on a single rigid wave count. The current engine supports three Elliott degrees directly.
PRIMARY & ALTERNATE WAVE COUNTS
The indicator continuously evaluates multiple Elliott candidates and separates them into:
- Primary Count: highest-ranked valid interpretation
- Alternate Count: structurally distinct alternative scenario
- Multi-Degree Context: supporting Micro, Minor, and Intermediate structure
Alternate calculation remains independent from visual visibility, allowing traders to simplify the chart without disabling the analytical engine.
ADVANCED ELLIOTT PATTERN RECOGNITION
The engine can classify a wide range of Elliott structures, including:
- Standard Impulse
- Leading Diagonal
- Ending Diagonal
- Truncated Fifth
- Developing Correction
- Zigzag
- Flat
- Expanded Flat
- Triangle
- Complex Correction
- Double Zigzag
- Running Flat
- Developing Triangle
- W-X-Y Combination
These pattern classes are explicitly represented in the indicator's analytical model.
TWO INDEPENDENT SIGNAL ENGINES
Elliot Nexus Prime contains two separate analytical signal frameworks. They are intentionally isolated so the additional Pattern Signal layer does not modify the established CORE Signal engine or its public buffers.
1. CORE ELLIOTT SIGNAL ENGINE
The CORE engine evaluates qualified Elliott structures for:
- Wave 3 continuation opportunities
- Wave 5 continuation opportunities
- Correction Completion setups
Signal qualification can include:
- structural confirmation
- Elliott projection availability
- signal quality
- reward structure
- Primary/Alternate conflict filtering
- bar-close confirmation
The CORE engine exposes its analytical states through the indicator's integration buffers.
2. INDEPENDENT PATTERN SIGNAL ENGINE
The second signal engine focuses on completed Elliott formations. It includes:
- IMP REV: Standard Impulse Reversal
- TRUNC REV: Truncated Fifth Reversal
- END DIAG: Ending Diagonal Reversal
- LEAD PB: Leading Diagonal Pullback
- TRI THRUST: Triangle Thrust
These five families are independently configurable.
ANTI-FOMO RETEST ENTRY MODEL
Unlike a simple breakout indicator, the Pattern Signal Engine does not automatically treat the breakout candle as an Entry.
Its analytical sequence is: Pattern Completion -> Structural Confirmation -> ARMED -> Retest/Pullback -> Entry
Pattern Signal states include:
- WATCH
- ARMED
- TRIGGERED
- CLOSED
- MISSED
- EXPIRED
This architecture is designed to reduce late breakout-chasing behavior.
STRUCTURAL RETEST ENTRY ZONES
After structural confirmation, the Pattern Signal Engine can wait for a valid pullback area derived from:
- breakout structure
- Elliott geometry
- Fibonacci retracement
- symbol-aware price tolerance
The Entry process separates confirmation price from actual retest Entry price. This makes the signal model more selective than a simple breakout-close trigger.
STRUCTURAL RISK FILTERING
Pattern Signals include additional eligibility filters such as:
- Minimum Pattern Quality
- Minimum Structural Reward-to-Risk
- Maximum Extension before Retest
- Maximum Retest Waiting Period
The default Pattern Signal inputs include a minimum structural RR filter, maximum extension control and maximum retest duration.
Important: reward-to-risk is used as an eligibility filter only. It does not artificially move the Elliott target or structural invalidation just to manufacture an acceptable ratio.
ENTRY, TARGET, INVALIDATION
Qualified signals can display a complete analytical structure directly on the chart:
- BUY or SELL directional arrow
- Entry reference
- Elliott Target / TP
- Structural Invalidation / SL
- Target zones
- Risk / Reward presentation
- TP / SL historical result visualization
This provides a complete visual map without executing any actual market order.
FIBONACCI & PROJECTION FRAMEWORK
Elliot Nexus Prime includes configurable Fibonacci references for wave acceptance and projection. The indicator can display:
- Fibonacci structure levels
- future wave projections
- Elliott target zones
- projection clusters
- high-confluence areas
A Smart Fibonacci mode can reduce visual clutter by showing only the levels most relevant to the current Elliott stage.
MARKET STRUCTURE
Elliott analysis is combined with structural market information including:
- CHoCH (Change of Character)
- BOS (Break of Structure)
- structural invalidation
- confirmed swing hierarchy
These elements help provide context around the current Elliott interpretation instead of displaying wave notation in isolation.
PROFESSIONAL VISUAL PANEL
The integrated dashboard summarizes the most important information without requiring the trader to inspect every chart object manually. Depending on the current state, the panel can display:
- Primary Elliott thesis
- current Wave / Degree
- pattern classification
- quality information
- expected next wave
- Target and Invalidation
- CORE Signal status
- Entry / TP / SL
- independent Pattern Signal controls
- chart-display controls
The default panel location is Bottom Right, with persistent UI support available through the indicator inputs.
CLEAN CHART CONTROL
Major visual layers can be controlled independently, including:
- Wave Structure
- Wave Point Labels
- Fibonacci
- Zones
- Projection
- CHoCH
- BOS
- Alternate Count
- Historical Waves
- Multi-Degree Context
- Signal Families
Turning off a visual layer does not necessarily disable its underlying analytical calculation.
HISTORICAL ELLIOTT NARRATIVE
The indicator maintains historical Elliott information so traders can review previously accepted wave structures instead of seeing only the current market state.
Historical display modes include:
- Current Only
- Primary Narrative
- Full Diagnostic History
TIME-CAUSAL ANALYTICAL ARCHITECTURE
The indicator is built around confirmed bar and confirmed structural information. Version 2.00 specifically uses:
- nested swings
- bounded candidate pools
- accepted narrative history
- time-causal integration
This makes the indicator suitable for structured chart analysis and historical research without requiring trade execution.
30 PUBLIC INTEGRATION BUFFERS
Elliot Nexus Prime exposes 30 indicator buffers for analytical integration. They include information related to:
- wave state and direction
- event state
- accepted Elliott points
- Primary / Alternate quality
- Elliott degree
- pattern classification
- projection zone
- invalidation
- Signal state, direction, and quality
- Entry and Target
- Signal candidate
- expected wave
The source declares exactly 30 indicator buffers and 30 plots. This can be useful for advanced analytical workflows using CopyBuffer().
ALERT SUPPORT
The indicator includes configurable alert infrastructure for events such as:
- CHoCH
- Elliott point confirmation
- Primary change or invalidation
- Alternate promotion
- high-confluence target
- Elliott Watch / Armed
- BUY / SELL confirmation
- setup invalidation or expiration
Available delivery methods include platform popup, push notification and sound, according to the configured inputs.
DESIGNED FOR
Elliot Nexus Prime can be used for analytical workflows across:
- Forex
- Gold / XAUUSD
- Indices
- Crypto CFDs
- Commodities
- other symbols supported by MetaTrader 5
The indicator itself does not assume automatic trade execution.
IMPORTANT INFORMATION
Elliot Nexus Prime is an analytical indicator, not an Expert Advisor. It does not:
- place market orders
- modify broker orders
- close positions
- guarantee future market direction
- guarantee profitability
Its purpose is to organize Elliott Wave structure, market context, projection and analytical signal information into a consistent visual framework.
Elliot Nexus Prime Version 2.00
Multi-Degree Elliott Analysis | Primary & Alternate Counts | CORE Elliott Signals | Independent Pattern Signals | Structural Retest Entries | Market Structure | Fibonacci Projection | Professional MT5 Visualization
