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Swing Reader

5

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
31889
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
636
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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Advanced Currency Strength Indicator The Advanced Divergence Currency Strength Indicator. Not only it breaks down all 28 forex currency pairs and calculates the strength of individual currencies across all timeframes , but, You'll be analyzing the WHOLE forex market in 1 window (In just 1 minute) . This indicator is very powerful because it reveals the true movements of the market.  It is highly recommended to  analyze charts knowing the performance of individual currencies or the countries ec
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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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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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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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Dustin Vlok
31889
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
636
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!!