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Elliot Waves Analyzer

FREE

Published: 9 February 2021

Current version: 1.1

Elliot Waves Analyzer

Name: Elliot Waves Analyzer
Rating: 3.6 (5 reviews)
Author: Viktor Weidenthal

3.6

Indicators
Viktor Weidenthal
Viktor Weidenthal
Germany

8065
3.4 (9)
5 products
Version: 1.1
Updated: 11 February 2021

calculates Elliot Waves to Help Identify Trend direction and Entry Levels. Mainly for Swing Trading Strategies.

Usually one would open a Position in trend direction for Wave 3 or a Correction for Wave C .

This Indicator draws Target Levels for the current and next wave. Most important Rules for Elliot Wave Analysis are verified by the Indicator.

This free version is limited for Analyzing one Timperiod Waves. Waves are Shown only in PERIOD_H4 and above. Not Useful for Intraday trading startegies.

Full version shows Subwaves and all TimePeriods.

https://www.mql5.com/en/market/product/61965

more...

zeejunaid 2025.02.26 06:11 #

A good indicator which gives labels of the waves along with the waves.

1391

Sebastian Schmidt 2024.05.06 10:26 #

simple, effective and good Many thanks

ismoil_umarbayev 2024.03.21 07:54 #

A very good indicator

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Sets and Updates Fibo-Retracemnet-Levels for Multi Timeframes. Helps to Find TradeZones combined over Multi-Timeframes. M1 M5 M15 H1 H4 D1 are analyzed and shown. Color Changes as soon 161 and 261 Retracements are reached to visualize possible Targets/ TakeProfit Zones . No Settings for Indicator available . Fibonacci retracements are set using a fixed Logic.

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Filter:

zeejunaid 2025.02.26 06:11 #

A good indicator which gives labels of the waves along with the waves.

TONY_AM_PWR 2024.08.28 16:15 #

User didn't leave any comment to the rating

1391

Sebastian Schmidt 2024.05.06 10:26 #

simple, effective and good Many thanks

ismoil_umarbayev 2024.03.21 07:54 #

A very good indicator

1525

Marcel Bühler 2021.05.13 21:30 #

Repaints to much.

Ibrahim Selim 2021.03.08 23:12 #

Elliott waves analyzer doesn`t work well on frame 4H n indicates Error ,so I deleted.

8065

Reply from developer Viktor Weidenthal 2021.03.11 17:59 #

Please let me Kow the error you got. and send me the Logfile (if possible).I will verify and provide a fix if possible.