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Swing Reader

Read Elliott wave principle automatically.

With the Swing Reader, you can easily read the Elliott Wave Principle through an automatic system. With swing, we mean a ZigZag market that is created by a breakout of its standard deviation. You can set the deviation manually, or you can let the indicator do it automatically (setting the deviation to zero).


Advantages you get

  • Never repaints.
  • Points showing a horizontal line, in which statistically a long wave ends.
  • Candles showing a vertical line in which statistically a long wave ends.
  • A horizontal line created using average points composing statistically short waves.
  • A horizontal line created using average points composing statistically long waves.
  • Possibility to optimize the indicator for each timeframe.

Above on the right, you will find very important information concerning the market movement:

  • Long Waves Average Time: number of candles composing statistically a LONG wave.
  • Short Waves Average Time: number of candles composing statistically a SHORT wave.
  • Long Waves Average: points composing statistically a LONG wave.
  • Short Waves Average: points composing statistically a SHORT wave.
  • Last impulse: If there is a long impulse, it means that the last long wave is bigger (in points) than the last short wave; if the impulse is short, it is the opposite.


Inputs

  • Deviation: Set your standard deviation to calculate the swing (if set to zero, the indicator will choose for you the standard deviation).
  • Average Method: Choose your favourite method to calculate the averages that you will find above on the right. You will have two options at your disposal:
    1. Simple: Arithmetical average.
    2. Linear Weighted: An average weighted by the latest waves (newest waves are more important!!).
  • Bulls Color: Choose your favourite color for long waves.
  • Bears Color: Choose your favourite color for short waves.
  • Swing Width: Choose your favourite waves width.

Notifications Settings

  • Use Alert: If true, indicator will send you alerts.
  • Use Mail: If true, indicator will send you e-mails.
  • Use Push Notifications: If true, indicator will send you push notifications.
MT5 Version-> https://mql5.com/7sb9f 
Reviews 2
Dustin Vlok
29797
Dustin Vlok 2018.11.23 19:44 
 

Swing Reader is a great additional tool to have in your trading strategy to help identify swings and potential reversals in the market.

cesare mallia
656
cesare mallia 2018.08.20 18:44 
 

Swing Reader è un programma che ti invita ad attendere il momento migliore e statisticamente valido per entrare nel mercato. E' un ottimo filtro che evita al trader di operare quando non vi è alcun bisogno di farlo. E' geniale. Lo consiglio vivamente.

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This indicator is part of the RPTrade Pro Line systems. Scalper Pro Line is a short trend indicator using Price Action. It's designed to be used by anyone, even the absolute beginner in trading can use it. NEVER repaints . Indications are given from close to close . Designed to be used alone , no other indicators are required. A specific graph shows you the profit and eventual drawdown according to history data. How does it work Scalper Pro Line is using an internal trend indicator combined wi
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PipsMinerFast
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Remi Passanello
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BinaryManagerPA
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Sergey Bashkov
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Banks Binary Option For MT2Trading
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Anirut Mankong
5 signal in 1  Product     TimeFrame   Recommend   1m-5m ( 1. Arrow White  0-1     TF  1m-5m)     ( 2. Arrow Blue-red  2-3     TF 5m )    ( 3. Circle green-red    TF  1m )   ( 4. Arrow yellow  6-7   TF 1M-5M  )     ( 5. Arrow green-red  8-9 TF 5M ) Banks Pro Binary Option is Indicator for binary option Can Use Manaul Trade or Robot on Platform  Mt2Trading  https://www.mt2trading.com/?ref=104    Time Trading   good work  London and  US Session   can seeting time  in incicator Work Good In L
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Modified TTM Squeeze Indicator
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Libertas LLC
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Naked Forex Tweezer Pro Indicator for MT4
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Renaud Candel
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Square of 9 for all
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Francesco Rubeo
Welcome all to the famous Gann's "Square Of 9"!! This method was used by one of the best traders in the history, a person who made his way among the top traders. An "Holy Grail" for whoever wants to learn trading. The "Square of 9" was used by this genius to find the market's future supports and future resistances. Nowadays is possible to find them with just a click, thanks to softwares. At the time Gann was using just his set of square and goniometer!! Gann describes, partially, the tecnique on
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Currencies Cleaner Free Version
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Francesco Rubeo
Currencies Cleaner panel will give you an overview of all the most traded market's currencies in a single click. First of all the panel will refresh all your charts, opening them four times in all timeframes needed. 1 - CURRENCIES It uses a complex algorithm to study the movement of 17 different indicators. It means that the algorithm not only "reads" the actual value of an indicator, but also creates a probability of success using the position of this value on the indicator and the last movem
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Stay updated with Multicurrency Overview!! The algorithm of this EA releases an average of the movement percentage of all the Forex currencies linked to a single currency, isolating it, letting us to comprehend its real and specific trend. Above on the left, a panel show us efficiently the trend of the currency, in the timeframe actually used. The second panel will keep you updated on macroeconomic news. P.N.:The news time is based on your pc clock time, this way you won't have any problem r
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Francesco Rubeo
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Francesco Rubeo
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Francesco Rubeo
Easily access to a deep knowledge of the market movement with "M.M. Deepness Arrows"!! This indicator will give you advices on buys and sells after having analized the deepness of the market. The entrance "trigger" will be given after studying each candles' max and min avoiding, this way, the misleading data released by the opening and closure prices (given by the brokers). Thanks to the use of these arrows you'll be able to easily understand if i'ts the right time to buy or sell. If you want th
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AR Dashboard
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Francesco Rubeo
Easily and rapidly access to the average range of all the markets with "A.R. Dashboard"!! This professional multi-timeframe indicator will show you the average range of all desired markets (till 50) with one click!!  Choose the number of bars to calculate the average range and this indicator will show you, automatically, this average range in points of the chosen markets for each timeframe. You'll have at your disposal two panels: AR Dashboard : Main panel. Notifications Settings : Here you can
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Francesco Rubeo
This indicator will allow you to evaluate single currency linear regression. WHAT IS LINEAR REGRESSION?(PIC.3) Linear regression is an attempt to model a straight-line equation between two variables considering a set of data values. The aim of the model is to find the best fit that can serve the two unknown values without putting the other at a disadvantage. In this case, the two variables are price and time, the two most basic factors in the Forex market. Linear regression works in such a wa
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Custom Dashboard Wizard
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Francesco Rubeo
Create your Dashboard with few clicks! With the  Custom Dashboard Wizard you'll be able to create your dashboard also without any programming knowledge. This indicator/panel will give you the possibility to add/remove the values of the Metatrader4 standard indicators in any time frame you like, with any value you like and in any market you like, just be careful about writing the market name exactly as it's written on the list of your Market Watch. The main panel will be composed of three columns
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Gann Swing Chart Range
Gann Swing Chart Range
Francesco Rubeo
With this indicator you'll have a general reading of the market's range using Gann's calculating modes. Gann's swing is used to have a quick reading to the market latest movements at first glance. The foundation of this swing calculation is in the count of candles in relation to the break-up and break-down of the price. When the price breaks-up the last maximum, the swing will get traced if a certain number of candles is exceeded from the last minimum. It can be used a "pure Gann" or not: If set
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Gann s Eighth
Gann s Eighth
Francesco Rubeo
This indicator will let you have at disposal Gann's Eighth, with few clicks!! Gann's Eighth were used by this great Trader to obtain the maximum fluctuation price and the possible inversion points of it. Gann have always given importance to the number 8 in his studies, an it is the reason why we find the retracement points as 0.25(10/8=1.25). Other than the number 8, also the numer 3 had is own importance in Gann, number founded in the eighth division, infact we have three eighth describing the
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Swing Reader MT5v
Swing Reader MT5v
Francesco Rubeo
Read Elliott wave principle automatically. With the Swing Reader, you can easily read the Elliott Wave Principle through an automatic system. With swing, we mean a ZigZag market that is created by a breakout of its standard deviation. You can set the deviation manually, or you can let the indicator do it automatically (setting the deviation to zero). Advantages you get Never repaints. Points showing a horizontal line, in which statistically a long wave ends. Candles showing a vertical line in
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Dustin Vlok
29797
Dustin Vlok 2018.11.23 19:44 
 

Swing Reader is a great additional tool to have in your trading strategy to help identify swings and potential reversals in the market.

cesare mallia
656
cesare mallia 2018.08.20 18:44 
 

Swing Reader è un programma che ti invita ad attendere il momento migliore e statisticamente valido per entrare nel mercato. E' un ottimo filtro che evita al trader di operare quando non vi è alcun bisogno di farlo. E' geniale. Lo consiglio vivamente.

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Version 1.2 2019.01.08
Simple bug fixing while indicator can't calculate all the waves deserved
Version 1.1 2018.07.30
Added, as requested, Alerts, Mail and Push Notifications!!