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Elliott Wave Assistant

This is our newer and improved tool to assist you in the Elliott Wave counting, which represents an improved version of the ElliottWaveTool7pasos idea.

How to Use It

Start counting a new wave

  1. Start by clicking the "<>" button to indicate you want to deselect any previous wave (if applied).

  2. Set the pattern's type that you want to count (if you do not have our free Elliott Wave Font, you will see the letters instead of the pattern's icons in the Type's Section buttons: I=Impulse, D=Diagonal, Z=Zigzag, F=Flat, C=Combination or double zigzag). If needed, set the sub-pattern.

  3. Set the degree (and instance) by clicking the "+" or "-" panel's buttons.

  4. Set the color (this will help you to differentiate between alternate wave counts) by clicking the colored square button.

  5. The next wave you are going to place will be displayed in the "Add Wave" button (the bigger one on the panel). Click on it when ready.

  6. If the wave is starting the pattern, you will see the indication "Set Start" at the mouse cursor. Move your mouse to the desired bar where your wave starts. A red line will indicate the bar that you are pointing at. If you place your mouse below the bar the low of the bar will be used as price reference, if you place your pointer above the bar the high of it will be the price reference. Make a click when ready.

  7. After setting the wave's start point, the first wave will appear under the mouse. This could be 1, A or W depending upon the pattern that you are counting. In the same manner, set the point for placing the first wave. No matter how high or low you place your wave, the red line will be your wave's time reference, and the high (if you clicked above the bar) or the low (if you clicked below the bar) will be your wave's price reference. Price reference and time reference will be used to calculate the projections for the next waves.

  8. After you set your wave on the chart, you will immediately see the projections for the next wave. Also, the following wave for the actual wave count will be displayed in the "Add Wave" button.

You can pause a wave count and change to count other pattern by clicking the "<>" button any time you are not dragging a wave.

If you want to change the position of a wave, double click on it as if you were to select it and then the wave will stick to your mouse. And as if you were placing it for the first time, set its new position.

If you want to cancel the placing process, just press Esc key on your keyboard.

Once you placed in your chart an entire wave sequence for the selected pattern, the first wave again will be displayed. If you add this wave by clicking again the "Add Wave" button, a new pattern of the same kind will be counted. You can place up to 100 identical patterns with the very same color degree and instance.


Deleting the last wave

Just click on one of the pattern's waves, and then click the button with the white triangle pointing to the left: the last wave of your pattern will be deleted. Click the button as many times as you need to reach the desired wave and delete it.


Change characteristics with pattern waves already in place

To change any of the characteristics of a pattern, just click on any of its waves and then click on the new characteristic you want to apply. For example, if you want to change a 1, 2, 3, 4 impulsive pattern for a W, X, Y, X pattern, click on any of the waves, then click the combination button and then the desired kind of pattern (for combinations you can choose "DTZ" for double or triple zigzags or "DTC" for double or triple combinations). Once you click the button of your choice, you will see how the tool changes all the waves for the new right pattern and the new projections (if applied).

You can change color, degree and pattern at any time.

In the comments section, you will find the instructions for the following functions:

  • Deleting all waves from a pattern at once
  • Plot projections for the next wave
  • Hide patterns from actual and higher timeframes
  • Minimize the panel
  • Move the panel
  • Cleaning the chart
  • Switching fonts
  • Add/Remove special indications
  • How to understand the Instance Number

Elliott Wave Assistant is empowered with our exclusive PerfectLine. Please watch the demo video to see the tool working.

Comentarios 5
Kevinxo
19
Kevinxo 2019.02.13 18:13 
 

Mas que exelente es algo elemental en el trading felicitaciones!

Happy Mans World
1451
Happy Mans World 2015.09.25 22:18 
 

This is a piece of Art, yet, I'm not a fan of Elliot wave method, but the tool is great

Pochito2014
88
Pochito2014 2015.05.08 02:13 
 

Este es el único producto de su tipo disponible para MT4, facilita mucho el conteo, eso ahorra mucho tiempo. Las proyecciones son también muy útiles y el autor siempre está disponible para soporte técnico. Recomiendo leer bien las instrucciones antes de empezar a usarlo.

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Order Management tool for order execution at Bid price, lot size calculation, RR ratio, alerts and pattern detection. Helps trader to be more efficient with placing orders and defining right targets for a trade. It also protects trader before unfavorable market conditions. It offers a lot of different price notification functions. With Trading box Order Management you can create Order box "virtual market order" from rectangle with click on a button. Order box will calculate lot size (posit
99 USD
Infinity TradeUtility TL
Evgenii Aksenov
The Utility for managing orders in manual/semi-automatic/automatic modes by INFINITY TrendLine PRO indicator signals Our other programs:   here The User's manual: here RECOMMENDATION Symbols       Any pairs: FX, Metals, Coins, CFD, Index Timeframe     M15-D1   Minimum deposit         1 00 usd  Promo of Month   Buy One --> Get One FREE (Conditions here:  https://www.mql5.com/en/blogs/post/740436 ) Today price / Next price   $199/$249     🏃   🏃   🏃   📢   Telegram:   https://t.me/INFINI
63 USD
Trading Planner Semi Automated EA
Yohana Parmi
Semi Automated EA for working as your trading assistant. Overview Trading planner will make you act like professional traders in real markets. Before entering markets, they make a plan for their trades, screening out all opportunities in all time frames. Trading Planner can be used for all Time Frames (M1 ~ MN). Simply draw trendline as a trend and Support/Resistance . At this version , market opportunities will be taken by trendline using strategy of 1, 2, 3 . Simply draw the trendline by defin
143 USD
BlueDigitsFx Command Center
Ziggy Janssen
!! 50 % OFF - BLACK FRIDAY SALE !! *All In One Trading Utility, Breakthrough solution for any Newbie or Expert Trader! Message Me Immediately After Purchase For Installation Help and V.I.P Access With Additional Strategies BlueDigitsFx Explains How To Use The Command Center In Detail :  https://youtu.be/rNZlrFMDHy8 BlueDigitsFx's Command Center Is An All in 1 Utility with a variety of options to work with. Telegram Channel & Group  here Taking High Probability Trading Decisions wit
98 USD
Telegram MT4 Bot
Andrea Monni
Telegram MT4 Bot This EA is used to CONNECT Telegram BOT to MT4 and use Telegram in various mode for control MT4, This EA can be used in 3 different mode: As PERSONAL SERVER: use for your personal usage only, see your account, make order, check order...  As SERVER: send message of order you make in your MT4 to a Chat in Telegram As CLIENT: copy order that receive from a Chat in Telegram with one or more of this EA as Server in your MT4 PERSONAL SERVER This mode let you use this EA with a graphi
150 USD
Recover Trader
Antonis Michos
🎁BIG Christmas OFFER !!!  ALL EAs at 50$ or 75$ !!! 📌public TELEGRAM GROUP:  FX Analysis (Join and Earn❤️) Welcome. Recover Trader can RECOVER either MANUAL or AUTO trades from other EAs. There are THREE OPTIONS FOR RECOVERY: 1. ⭕️ Automatic. The EA will start open trades ,AFTER a specific Drawdown,based on ADX and lower lows or higher highs and will search for partial closing of initial trades that have created a drawdown. 2. ⭕️ Manual Recovery. There is a trading
75 USD
Telegram
Marco vd Heijden
MT4 to Telegram allows you to broadcast your trades to a Telegram Channel or Group. Can be used to build, support and expand your own network of traders. A Group can have 200.000 members, A Channel can have an unlimited number of subscribers. The messages are send to Telegram in HTML5 format, which is the preferred language. Fully customizable Message Headers, and full support for all Unicode Emoji.  Ability to broadcast newly opened trades, trades that were closed, and sending out status report
89 USD
Market Pressure Dashboard
Chantal Sala
Market Pressure Dashboard is a new generation utility. Its main function is to assist you and give you operational ideas optimizing your analytical work. Using this utility you could monitor a lots of financial instruments (max 28 symbols FOREX) in a very simple way. The Market Pressure indicator allows you to customize the internal list of the symbols to be monitored. The opening function and position management with this panel will be much more comfortable and navigation charts very powerful.
100 USD
Set UP your strategy
Antonis Michos
🎁BIG Christmas OFFER !!!  ALL EAs at 50$ or 75$ !!! 📌public TELEGRAM GROUP:  FX Analysis (Join and Earn❤️) Welcome. TEST THE EA WITH VISUALIZATION AND CONTROL POINTS     FOR FAST EXECUTION.     ⭐ The specific EA is created for ALL THOSE TRADERS who want the EA to trade in one direction AT A SPECIFIC POINT and to STOP trading at a specific point!!! How the EA works: There are two panels with buttons . ⭕️ 1. There is a panel at the left of the chart named:" Show LINE to AC
75 USD
Filtro:
amordemivida
21
amordemivida 2014.12.12 09:42 
 

Excelente herramienta, extremadamente eficiente y fácil de usar, en relación eficiencia/ precio resulta verdaderamente muy económica ya que ahorras muchísimo tiempo en la etiquetación de ondas en donde se encuentren ( Extemadamente precisa en todos los marcos temporales) además del tiempo ahorrado en actualizaciones o correcciones. La proyección de los canales y la proyección de objetivos o retrocesos para cada tipo de Onda o situación son GENIALES !! El apoyo técnico post - venta es Excelente !! La recomiendo con 5 Estrellas !

gregah
19
gregah 2015.02.16 15:55 
 

Hi,

Very useful tool for fast and manual labeling the charts. if you dont have much time and if you are active trader, then this may be the right indicator for you. I am using it regularly on a daily basis with my service.

Pochito2014
88
Pochito2014 2015.05.08 02:13 
 

Este es el único producto de su tipo disponible para MT4, facilita mucho el conteo, eso ahorra mucho tiempo. Las proyecciones son también muy útiles y el autor siempre está disponible para soporte técnico. Recomiendo leer bien las instrucciones antes de empezar a usarlo.

Happy Mans World
1451
Happy Mans World 2015.09.25 22:18 
 

This is a piece of Art, yet, I'm not a fan of Elliot wave method, but the tool is great

Kevinxo
19
Kevinxo 2019.02.13 18:13 
 

Mas que exelente es algo elemental en el trading felicitaciones!

Respuesta al comentario
Versión 1.60 2016.05.04
Remueve la tooltip que a veces estorba la visión cuando se coloca o mueve una etiqueta de onda
Versión 1.40 2015.02.03
Rectificamos un bug en la función para convertir impulso en plana standard
Versión 1.30 2014.11.26
Agrega función automática para eliminar ondas vacías (donde se generó el origen de una onda pero luego usuario ya no continuó con dicho conteo), lo que causaba retomar conteos de ondas previamente iniciados y que se suponían inexistentes.
Versión 1.22 2014.10.31
- Arreglo de detalles mínimos del código.
- Cambio de tamaño de algunos botones para alinear con nuevo tamaño de botones en la versión 735.