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Elliot Wave Oscillator MT5

MT4 Version

Elliot Wave Oscillator MT5

Elliot Wave Oscillator MT5 is an indicator designed to support Elliot Wave counts. The default settings help filtering out the noise in the market allowing a clear perception for the waves counts in differnt timeframes. Elliot Wave Oscillator high customization level allows the you to optimize this indicator to your personal preferences. Shorter Periods and faster reactive MAs will provide more infomation but will require a higher level of experience for a right interpretation. On the other side, longer Periods and slower reactive MAs will filter out much of the market's noise to get a much clearer view.

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Elliot Wave Oscillator usually shows its highest values during 3rd waves, positive but lower values during the 1st and 5th waves and divergences between the 3rd and the 5th waves. Corrections use to reach negative values.

Ideal for HOLD, SCALPING and SWING strategies

At the same time,  Elliot Wave Oscillator provides a system of alerts and notifications on the mobile phone and on the MT5 Terminal at MAX and MIN EWO values.

Some of the characteristics of the indicator are the following:

  • Time saving
  • Ease the identification of the trend and Elliot Wave counts
  • Ease of decision-making for entries and taking full or partial benefits
  • Highly customizable
  • Functional in all pairs (Crypto, Forex, Stocks, Indices, Commodities ...)
  • Perfect for Scalping or Swing trading
  • Alerts and notifications on the MT5 terminal and on the mobile phone

Input parameters

Settings:

  • Price Source: Price source for the calculations
  • MA type: Moving average type for the algorithm( SMA, EMA, WMA, Smooth MA, HullMA, RMA, TEMA )
  • Period 1: Period for the first MA
  • Period 2: Period for the second MA
  • Show  difference as percent of current candle: EWO as percent value with respect to candle price
    Visualization:

    • Enable Multicolor Mode (0=1Color, 1=2Color, 2=3Colors): 1,2 or 3 colored EWO
    • Activate Color Range: True enables default Color Ranges, False allows you to select the colors yourself
    • Color range (0=Grey,1=Blue,2=Green,3=Red): Default Color Ranges for the EWO

    Notifications:

    • Activate Alerts: Enables alerts on the MT5 Terminal at MAX and MIN EWO values
    • Activate Notifications: Enables phone Notifications

    Support and questions

    Do not hesitate to contact me for any questions and support

    Author

    Diego Arribas, private investor and speculator, automation engineer in the aerospace industry

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    The Price Action Finder Multi indicator is an indicator of entry points that searches for and displays Price Action system patterns on dozens of trading instruments and on all standard time frames: (m1, m5, m15, m30, H1, H4, D1, Wk, Mn). The indicator places the found patterns in a table at the bottom of the screen. By clicking on the pattern names in the table, you can move to the chart where this pattern is located. Manual (Be sure to read before purchasing) | Version for MT4 Advantages 1. Pa
    Bill Williams Advanced
    Siarhei Vashchylka
    5 (2)
    Bill Williams Advanced is designed for automatic chart analysis using Bill Williams' "Profitunity" system. The indicator analyzes four timeframes at once. Manual (Be sure to read before purchasing) Advantages 1. Automatically analyzes the chart using the "Profitunity" system of Bill Williams. The found signals are placed in a table in the corner of the screen. 2. Equipped with a trend filter based on the Alligator indicator. Most of the system signals are recommended to be used only accordi
    Let us introduce you to a new era of neural indicators for financial markets! Intelligent Moving is a unique indicator that trains its neural network in real time! You no longer need to look for the optimal indicator parameters for each specific situation. No more late signals. The artificial intelligence is able to adapt itself and predict any market movements. Visually, the indicator is drawn as a main solid moving average line, two dotted lines of standard deviations and signal arrows. For
    The Angle Prices indicator is a tool that calculates the price angle based on price analysis, interpreting the time vector in the form of price points on the price chart. In other words, the X axis and Y axis are represented as price points, so you can actually calculate the angle with two axes of the same dimension. This allows traders to obtain information about the direction of price movement and possible entry or exit points for trades. Let's look at the main characteristics and interpretat
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    SMT Divergences MT4
    Diego Arribas Lopez
    5 (2)
    MT5 Version SMT Divergences MT4 SMT Divergences is one of the most innovative indicators in the market. It offers the possibility of analyzing price divergences between 2 pairs. These divergences highlight and help to foresee what banks and institutions are planning to do. SMT divergences also provides you with a kill zones indicator and the possibility of filtering divergences occurring during these kill zones.  The strategy tester is limited in MT4. Contact the author to get your Demo Version
    [ MT4 Version ] Bulls and Bears Power Bulls and Bears Power is an indicator that clearly highlights if bulls or bears are currently in control of the market. A price movement started with high Bulls control in the market can indicate the beginning of a new trend movement. The relative indicator power between price peaks also indicates if the movement is losing strength and might foresee a significant correction or a trend reversal. Bulls and Bears Power indicator offers a clear and simplified vi
    Gaussian Channel MT4
    Diego Arribas Lopez
    5 (1)
    MT5 Version Gaussian Channel MT4 Gaussian Channel MT4 is the first indicator in the market that uses Ehlers Gaussian Filter methods to define trends. Nowadays, this Gaussian Channel is highly known as a method to support HOLD techniques in crypto. If the price is above the channel the trend is strong, if it comes back to the channel this can react as a resistance and indicate the beginning of a bear market (or Winter) if the price breaks below it. Eventhough the use of this channel focuses on
    MT5 Version   Kill Zones   SMT Divergences Order Blocks ICT Multi TF The Order Blocks ICT Multi TF indicator is a cutting-edge tool designed to help traders make better trading decisions based on order block analysis. Order blocks are key levels on a price chart where large institutional traders placed their orders. These levels tend to act as strong support or resistance zones and often signal a potential reversal or continuation of a trend. By identifying these order blocks, traders can gain
    [ MT4 Version ] Backtesting Simulator Are you tired of spending months on demo or live accounts to test your trading strategies? The Backtesting Simulator is the ultimate tool designed to elevate your backtesting experience to new heights. Utilizing Metatrader historical symbol information, it offers an unparalleled simulation of real market conditions. Take control of your testing speed, test ideas quickly or at a slower pace, and witness remarkable improvements in your testing performance.
    Backtesting Simulator MT4
    Diego Arribas Lopez
    3.5 (2)
    [ MT5 Version ] Backtesting Simulator Are you tired of spending months on demo or live accounts to test your trading strategies? The Backtesting Simulator is the ultimate tool designed to elevate your backtesting experience to new heights. Utilizing Metatrader historical symbol information, it offers an unparalleled simulation of real market conditions. Take control of your testing speed, test ideas quickly or at a slower pace, and witness remarkable improvements in your testing performance. For
    Order Block Indicator MT4
    Diego Arribas Lopez
    5 (3)
    [ MT5 Version ] Order Block Indicator MT4 Order Block Indicator MT4  is currently the most accurate and customizable indicator in the market. It has been developed to facilitate the analysis of operations based on Order Blocks and Supply and Demand Zones. These zones are possible reversal points of a movement. Order Blocks indicate a possible accumulation of orders in one area. The price usually gets to reach and react strongly to those areas. The most relevant levels for this reaction are the c
    MA Ribbon MT5
    Diego Arribas Lopez
    MT4 Version   MA Ribbon MT5 MA Ribbon is an enhanced indicator with 8 moving averages of increasing periods. MA Ribbon is useful to recognize trend direction,  reversals   and continuation points in the market as well as potential entry, partial take profit and exit points. Entry points for long and shorts position can be found when the price entries or leaves the Ribbon, at retest or a defined number of MA crossovers. It offers a good combination with mostly any volume or momentun indicators to
    FREE
    AO unpaid divergences MT4
    Diego Arribas Lopez
    5 (1)
    [ How to use the Demo version ]  [ MT5 Version ]  AO unpaid divergences MT4 AO unpaid divergences is the first indicator developed to detailed analyze Regular and Hidden Divergences. It uses this analysis to find out possible entry points and targets. Below some of the characteristics of this indicator:  Time saving Highly customizable Working for all pairs (Crypto, Forex, Stocks, Indices, Commodities...) Suitable for Scalping or Swing trading Possible reversal swings Alerts and Notifications on
    MT4 Version   Kill Zones   SMT Divergences Order Blocks ICT Multi TF The Order Blocks ICT Multi TF indicator is a cutting-edge tool designed to help traders make better trading decisions based on order block analysis. Order blocks are key levels on a price chart where large institutional traders placed their orders. These levels tend to act as strong support or resistance zones and often signal a potential reversal or continuation of a trend. By identifying these order blocks, traders can gain
    MT5 Version Fibonacci Bollinger Bands MT4 Fibonacci Bollinger Bands is a highly customizable indicator that shows areas of support and resistance. This indicator combines the logic for the Bollinger Bands with the Fibonacci level. Fibonacci Bollinger Bands is the   first   indicator in the market that allows the user to 100% customize up to 12 Fibonacci levels, the Moving Average type and the price data source to use for the calculations. This flexibility makes the Fibonacci Bollinger Bands easi
    FREE
    Fear and Greed MT5
    Diego Arribas Lopez
    5 (1)
    MT4 Version   Fear and Greed MT5 Indicator Uncertain at the time of making the decision to realize total or partial profits? Fear and Greed MT5 provides great help with a high level of reliability when making such decistions. TRY IT FOR FREE NOW! Fear and Greed MT5 is the first indicator that offers information on the Fear and Greed level in the market for MT5. It has been developed to facilitate the decision-making at the time of entring a trade and taking total or partial profits. It shows pos
    MT4 Version Fibonacci Bollinger Bands MT5 Fibonacci Bollinger Bands is a highly customizable indicator that shows areas of support and resistance. This indicator combines the logic for the Bollinger Bands with the Fibonacci level. Fibonacci Bollinger Bands is the first   indicator in the market that allows the user to 100% customize up to 12 Fibonacci levels, the Moving Average type and the price data source to use for the calculations. This flexibility makes the Fibonacci Bollinger Bands easily
    FREE
    MA Ribbon MT4
    Diego Arribas Lopez
    MT5 Version MA Ribbon MT4 MA Ribbon is an enhanced indicator with 8 moving averages of increasing periods. MA Ribbon is useful to recognize trend direction,  reversals   and continuation points in the market as well as potential entry, partial take profit and exit points. Entry points for long and shorts position can be found when the price entries or leaves the Ribbon, at retest or a defined number of MA crossovers. It offers a good combination with mostly any volume or momentun indicators to f
    FREE
    [ MT4 Version ] Order Block Indicator MT5 Order Block Indicator MT5 is currently the most accurate and customizable indicator in the market. It has been developed to facilitate the analysis of operations based on Order Blocks and Supply and Demand Zones. These zones are possible reversal points of a movement. Order Blocks indicate a possible accumulation of orders in one area. The price usually gets to reach and react strongly to those areas. The most relevant levels for this reaction are the c
    Kill Zones MT4
    Diego Arribas Lopez
    MT5 Version Kill Zones Kill Zones allows you to insert up to 3 time zones in the chart. The visual representation of the Kill Zones in the chart together with an alert and notification system helps you to ignore fake trading setups occurring outside the Kill Zones or specific trading sessions. Using Kill Zones in your trading will help you filter higher probability trading setups. You should select time ranges where the market usually reacts with high volatility. Based on EST time zone, followi
    MT4 to Discord Signals
    Diego Arribas Lopez
    5 (1)
    [ MT5 Version ] [ Telegram Signals ]  MT4 to Discord Signals Connect your broker account with Discord and stop missing important notifications.  Would you like to receive Discord notifications? Are you looking for a simple way to share trade signals with your followers? Do you need to start documenting your trades with an automated trading diary? Check out this step-by-step   Tutorial . This utility is simple to use and supports a wide variety of settings: Pick your desired Discord channel and
    Order Blocks ICT MT4
    Diego Arribas Lopez
    5 (1)
    MT5 Version   Kill Zones   SMT Divergences Order Blocks ICT The Order Blocks ICT indicator is a powerful tool for traders looking to gain an edge in the market. This indicator is based on the order flow and volume analysis, which allows traders to see the buying and selling pressure behind the price action. This information can be extremely valuable in identifying key levels of support and resistance, as well as potential turning points in the market. The Order Blocks ICT indicator is easy
    SMT Divergences MT5
    Diego Arribas Lopez
    MT4 Version SMT Divergences MT5 SMT Divergences is one of the most innovative indicators in the market. It offers the possibility of analyzing price divergences between 2 pairs. These divergences highlight and help to foresee what banks and institutions are planning to do. SMT divergences also provides you with a kill zones indicator and the possibility of filtering divergences occurring during these kill zones.  This indicator is specially powerful if applied in 2 highly correlated pairs. A pr
    MT4 Version TTM Squeeze Momentum TTM Squeeze Momentum is an enhanced indicator ideal for recognizing consolidation periods in the market and the start of the next explosive move. This improved version is a volatility indicator based on John Carter's "TTM Squeeze" in which the histogram is based on a linear regression rather than a simple momentum indicator. Red dots on the middle line indicate that the market has entered a "Squeeze" zone or consolidation period, indicated in this enhanced versio
    MT4 Version Gaussian Channel MT5 Gaussian Channel MT5 is the first indicator in the market that uses Ehlers Gaussian Filter methods to define trends. Nowadays, this Gaussian Channel is highly known as a method to support HOLD techniques in crypto. If the price is above the channel the trend is strong, if it comes back to the channel this can react as a resistance and indicate the beginning of a bear market (or Winter) if the price breaks below it. Eventhough the use of this channel focuses on hi
    Lumos
    Diego Arribas Lopez
    Lumos Lumos is a multifunctional trading assistant. It gives an overview of the current market situation for a better decision making. The strategy tester only provides a visualization of the application. Lumos is highly customizable and gives you information in multiple timeframes about: MAs, price structure, RSI, RSI MA and an overview of the price distance to possible SLs.
    FREE
    Fear and Greed MT4
    Diego Arribas Lopez
    MT5 Version Fear and Greed MT4 Indicator Uncertain at the time of making the decision to realize total or partial profits? Fear and Greed MT4 provides great help with a high level of reliability when making such decistions. TRY IT FOR FREE NOW! Fear and Greed MT4 is the first indicator that offers information on the Fear and Greed level in the market for MT4. It has been developed to facilitate the decision-making at the time of entring a trade and taking total or partial profits. It shows possi
    MT5 Version TTM Squeeze Momentum TTM Squeeze Momentum is an enhanced indicator ideal for recognizing consolidation periods in the market and the start of the next explosive move. This improved version is a volatility indicator based on John Carter's "TTM Squeeze" in which the histogram is based on a linear regression rather than a simple momentum indicator. Red dots on the middle line indicate that the market has entered a "Squeeze" zone or consolidation period, indicated in this enhanced vers
    MT5 Version Williams Vix Fix MT4 Need help trying to time the bottoms in the market? Williams Vix Fix MT4 is based on the volatility of the market and grants a huge support for finding out when a correction is comming to its end. TRY IT FOR FREE NOW! Williams Vix Fix MT4 derivates from Larry Williams's VixFix indicator addapted for fitting   every asset class . VIX reprensents the fear and greed in the market based on its volatility. A high VIX value shows fear in the market, this is usually a
    Wave Trend MT4
    Diego Arribas Lopez
    MT5 Version   Wave Trend MT4 Wave Trend is an oscillator, which helps identifing in a extremely accurate manner market reversals. The Oscillator being obove the overbought level and a cross down of the fast into the slow MA usually indicates a good SELL signal. If the oscillators is below the oversold level and the fast MA crosses over the slower MA usually highlights a good BUY signal. The Wave Trend indicator can be also used when divergences appear against the price, indicating the current mo
    MT5 Version Multi Timeframe MA MT4 Multi Timeframe MA MT4 is an indicator that offers the representation of up to 3 MAs with different Periods and Timeframes. This allows the user to reprensent in one chart and timeframe information coming from other timeframes and get notified as any of the MAs crosses another one. Multi Timeframe MA is the   first   indicator in the market that offers Multi Timeframe interactions and a high customization   level from up to 7 different MA types (SMA, EMA, WMA,
    MT5 Version Elliot Wave Oscillator MT4 Elliot Wave Oscillator MT4 is an indicator designed to support Elliot Wave counts. The default settings help filtering out the noise in the market allowing a clear perception for the waves counts in differnt timeframes.   Elliot Wave Oscillator high customization level allows the you to optimize this indicator to your personal preferences. Shorter Periods and faster reactive MAs will provide more infomation but will require a higher level of experience for
    [ MT5 Version ] Structure Breakout  EA MT4 Structure Breakout EA is an Expert Advisor inspired by structure breakout trading. It seeks to capture the explosive movements that follow a period of consolidation. It allows the user to adapt the EA to trend breakouts automatically recognized by the robot or to price structure breakouts. It is also highly customizable, which allows it to be easily adapted to different pairs, timeframes and risk profiles. It is independent of market sessions. The numbe
    [ MT5 Version ] Advanced Bollinger Bands RSI EA MT4 Advanced Bollinger Bands RSI EA is an Expert Advisor based on the worldwide known strategy BB & RSI. This strategy uses the Bollinger Bands indicator in combination with the RSI, the signal triggers only when both the BB and the RSI indicate at the same time overbought or oversold conditions. Both indicators make a great combination to anticipate big explosive moves. Advanced Bollinger Bands RSI EA grants the user the posibity to use 3 differen
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    Versione 1.1 2022.02.19
    Description luck wishes!