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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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
VTrende Pro
Andrii Diachenko
5 (1)
Indicatori
VTrende Pro - MTF indicator for trend trading with a display panel for MT5 *** Videos can be translated into any language using subtitles (video language - Russian) Although the signals of the VTrende Pro indicator can be used as signals of a full-fledged trading system, it is recommended to use them in conjunction with the Bill Williams TS. VTrende Pro is an extended version of the VTrende indicator. Difference between Pro version and VTrende: - Time zones - Signal V - signal 1-2 waves -    S
Gem SIGNAL
Shengzu Zhong
Indicatori
GEM Signal Pro GEM Signal Pro è un indicatore trend-following per MetaTrader 5, progettato per i trader che desiderano segnali più chiari, configurazioni operative più strutturate e una gestione del rischio più pratica direttamente sul grafico. Invece di mostrare solo una semplice freccia, GEM Signal Pro aiuta a presentare l’intera idea di trading in modo più chiaro e leggibile. Quando le condizioni sono confermate, l’indicatore può mostrare sul grafico il prezzo di ingresso, lo stop loss e gli
Max Ribbon Mt5
Stefano Frisetti
Indicatori
ATTENZIONE: Questo indicatore è distribuito ESCLUSIVAMENTE su MQL5.com Versione MT4:   https://www.mql5.com/it/market/product/160363 Versione MT5:   https://www.mql5.com/it/market/product/160410 MAX RIBBON ver 1.00 L'indicatore che ti mostra il TREND in modo chiaro e inequivocabile! ================================================================================ DESCRIZIONE MAX RIBBON è un indicatore di trend avanzato che combina due sistemi di ribbon (nastri) per identificare con precisio
Range Cycle Indicator MT5
Aleksey Usachev
Indicatori
Range Cycle Indicator. Gives signal on price range cycling smoothed by moving average. It is better to use it on H1+ timeframes and avoid side markets. Because if market is flat this indicator will give too many zero profit or even losing signals. Parameters: PopUpAlert - to allow it to alert when trend changes; EMailAlert - for email alerts; period - this is a smoothing criteria, use higher values on lower timeframes; TimeFrame(new) - higher timeframe (or the same) to use for calculation, defa
Triple Crox Strategy
issam rahhal sabour
Indicatori
**Triple Crox Strategy - Professional Trading System** **Overview** Triple Crox Strategy is an advanced technical indicator for MetaTrader 5 that combines multiple analysis methods to provide precise trading signals. Designed for serious traders, this indicator integrates multiple strategies based on moving averages, ATR, RSI, and cloud settings to identify market opportunities with high reliability. **Main Configuration** **Setup Types** *   **Setup Open/Close:** Based on Heikin Ash
Red and Green Light Indicators
Fang Yu Lin
Indicatori
Red and Green Light – Intelligent Trading Signal Indicator Product Overview Red and Green Light is a professional trading signal indicator based on the multi-stage T3 smoothing algorithm. It integrates a visual traffic light system, intelligent signal recognition, risk alerts, and multiple notification features. Whether you're a manual trader or an Expert Advisor (EA) developer, this indicator helps you capture market opportunities with greater precision and effectively avoid the risks of
Big Player Range
Thalles Nascimento De Carvalho
5 (3)
Indicatori
BigPlayerRange – Il miglior indicatore per MT5 BigPlayerRange è considerato il miglior indicatore per Mini Indice e Mini Dollaro su MetaTrader 5. Questo strumento essenziale evidenzia le zone strategiche di azione dei grandi player, offrendo un’analisi tecnica istituzionale di altissima precisione. Come usare BigPlayerRange: Questo indicatore mostra zone di acquisto (linea verde) e di vendita (linea rossa). Quando il prezzo chiude fuori da queste aree, è probabile un movimento di tendenz
Altri dall’autore
Heatmap Liquidation Zones
Enrique Gauto Sand
Indicatori
The Liquidation Zones Heatmap is a custom technical indicator designed for the MetaTrader 4 (MT4) platform. It calculates and visualizes estimated liquidation zones based on price action and internal algorithms, displaying them as a dynamic heatmap on the chart. These zones represent potential areas of liquidity concentration , where stop-loss clusters or liquidation events may occur. Please note: The levels shown are model-based estimations and do not represent actual or guaranteed liquidation
Smart Liquidation Clusters
Enrique Gauto Sand
Indicatori
The Smart Liquidation Clusters  is a custom technical indicator designed for the MetaTrader 4 (MT4) platform. It calculates and visualizes   estimated liquidation zones   based on price action and internal algorithms, displaying them as a dynamic heatmap on the chart. These zones represent   potential areas of liquidity concentration , where stop-loss clusters or liquidation events   may   occur. Please note: The levels shown are   model-based estimations   and   do not represent actual or guara
Auto Elliott Engine
Enrique Gauto Sand
Indicatori
Auto Elliott Engine The Auto Elliott Engine is a tool designed for MetaTrader 4 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,
Smart Liquidation Clusters MT5
Enrique Gauto Sand
Indicatori
The   Smart Liquidation Clusters    is a custom technical indicator designed for the MetaTrader 5 (MT5) platform. It calculates and visualizes   estimated liquidation zones   based on price action and internal algorithms, displaying them as a dynamic heatmap on the chart. These zones represent   potential areas of liquidity concentration , where stop-loss clusters or liquidation events   may   occur. Please note: The levels shown are   model-based estimations   and   do not represent actual or g
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