Auto Elliott Engine MT5

Auto Elliott Engine

The Auto Elliott Engine is a tool designed for MetaTrader 5 that automates the identification, decomposition, and projection of price structures based on the Elliott Wave Theory.

Powered by a pattern-recognition engine, this indicator processes price action to identify market configurations, translating data into structured scenarios.

Key Features

  • Multi-Degree Recognition: Analyzes price action across multiple fractal levels. From higher degrees, such as Supercycle or Cycle, down to minor structures.

  • Pattern Decoder: Identifies impulsive formations (Standard Impulses, Contractive/Expanding Diagonals) and corrective patterns (Simple and Complex Zig-Zags, Regular/Expanded Flats, Triangles, and WXY/WXYXZ Combinations).

  • Fibonacci Projections: The system projects retracement and extension zones on the chart based on the active wave. The interface allows for toggling between visualizing key areas of the last wave or a mapping of all calculated ranges.

  • Scoring System: Each suggested count undergoes a qualification process. If a structure shows anomalies or exceeds the margins of classic Elliott behavior, such as excessive retracements or unusual proportions, the engine assigns penalties to prioritize others counts that adhere to classic wave theory.

Ideal For

Technical market analysts and price-action specialists who seek to assist their wave counting and automate the mapping of price expansions and contractions.

Important Note: This indicator does not take into account all Elliott Wave guidelines; for example, it does not include "The Right Look".

How to Use

  • Start the Analysis: Click the "Start" button to select the starting point of the wave count. This should be an extreme point from which the count originates.

  • Historical Range: We recommend selecting a range of 100 to 200 historical bars. Calculating the wave structure is resource-intensive; while you can experiment with a larger historical range, please be aware that processing times will increase. If you require analysis over a larger historical range, we recommend switching to higher timeframes.

  • Run the Count: Click the "Auto EW" button to execute the count within your selected range.

  • Manage Projections: You can toggle the visual projections by clicking the "Projections: ON / Projections: OFF" button.

  • Navigation: Use the "< Prev" and "Next >" buttons on the interface to view alternative wave counts.

By default, the indicator is not configured to perform a count automatically as soon as it is loaded onto the chart. It works best when the user selects the range they want the indicator to process and then clicks "Auto EW".


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Hidden Trend Channel Project 17 Tool SPECIAL NOVEMBER SALE is now finished. Price goes back to normal.  This is an Automated Tool for Multi Timeframe Trend Channel Analysis Visualization with Intelligent Range Market, Trending Market, Reversal, Breakout Detection.  It draws multiple Trend Channels with multiple sub-trendlines levels inside the channel for perfectly give you the trader, the crystal clear Trend channels where price trend direction is moving. This tool is accurately useful for T
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Chi Sum Poon
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Metin Erkamoglu
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Sabina Fik
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Pointer Trend Switch — precision trend reversal indicator Pointer Trend Switch is a high-precision arrow indicator designed to detect key moments of trend reversal based on asymmetric price behavior within a selected range of bars. It identifies localized price impulses by analyzing how far price deviates from the opening level, helping traders find accurate entry points before a trend visibly shifts. This indicator is ideal for scalping, intraday strategies, and swing trading, and performs equa
IQ Star Lines MT5
INTRAQUOTES
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First time on MetaTrader, introducing IQ Star Lines - an original Vedic Astrology based indicator. "Millionaires don't use astrology, billionaires do" . - J.P. Morgan, Legendary American financier and banker. Welcome to  the new and updated  IQ Star Lines , the ultimate fusion of ancient planetary harmonic cycles and modern quantitative trading. published for the   first time on Metatrader. This is an indicator built by the developer, who has spent almost 2 decades trading while studying Vedic
China Tianji Global State Resolution System
Ming Chen Guo
Indicateurs
Aide à déterminer si cette zone convient à l’achat. Aide à déterminer si cette zone convient à la vente. Lorsque les quatre indicateurs atteignent le bas en même temps, il convient de se concentrer sur les opportunités de rebond. Lorsque les quatre indicateurs se trouvent simultanément en haut, il convient de se concentrer sur les opportunités de baisse. Ce système repose sur une technologie algorithmique chinoise avancée et sur une structure de modélisation mathématique de haut niveau. J’utilis
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