Elliot Wave Oscillator MT4

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 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 MT4 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 MT4 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 MT4 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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    Bernhard Schweigert
    4.67 (12)
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    Oleg Rodin
    5 (1)
    Indicatori
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    KEENBASE SOFTWARE SOLUTIONS
    Indicatori
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    Bernhard Schweigert
    4.91 (299)
    Indicatori
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    Vitalyi Belyh
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    Oleg Rodin
    5 (30)
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    Michela Russo
    4.43 (7)
    Indicatori
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    Elif Kaya
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    Indicatori
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    Ramzi Abuwarda
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    Bernhard Schweigert
    4.8 (103)
    Indicatori
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    Bernhard Schweigert
    4.88 (33)
    Indicatori
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    Order Block Indicator MT5
    Diego Arribas Lopez
    5 (1)
    Indicatori
    [ MT4 Version ] Order Block Indicator MT5 — Precision Trading Made Simple Order Block Indicator MT5 is designed to help traders spot powerful reversal zones effortlessly — without cluttered charts or guesswork. Built for scalping , swing trading , and smart intraday decisions , it highlights active order blocks across multiple timeframes with precision, speed, and full customization. Trade with clarity, save valuable time, and react instantly to market structure changes — even across Forex
    DoIt Alpha Pulse AI MT5
    Diego Arribas Lopez
    5 (3)
    Experts
    [ MT4 Version ] DoIt Alpha Pulse AI for MT5 — AI Trading EA with Risk Controls and Forward-Tested Transparency Most automated trading products fail for one simple reason: they are too rigid. Markets change. Volatility changes. Structure changes. A static system can perform well in one phase and fail badly in another. DoIt Alpha Pulse AI for MT5 is an Expert Advisor built for traders who want AI-assisted market analysis with structured automation, clear risk controls, and transparent evaluation
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    Diego Arribas Lopez
    Indicatori
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    Fibonacci Bollinger Bands MT5
    Diego Arribas Lopez
    5 (1)
    Indicatori
    MT4 Version Most indicators draw lines. This one draws the battlefield. If you ever bought an EA or indicator based on a perfect equity curve — and then watched it bleed out live — you’re not alone. The problem? Static logic in a dynamic market. Fibonacci Bollinger Bands   adapts. It combines Bollinger structure with customizable Fibonacci levels to mark   zones of control   — where price reacts, pauses, or reverses. No magic. Just logic that follows volatility. Why this tool matters   It
    FREE
    Fibonacci Bollinger Bands MT4
    Diego Arribas Lopez
    Indicatori
    MT5 Version Most indicators draw lines. This one draws the battlefield. If you ever bought an EA or indicator based on a perfect equity curve — and then watched it bleed out live — you’re not alone. The problem? Static logic in a dynamic market. Fibonacci Bollinger Bands adapts. It combines Bollinger structure with customizable Fibonacci levels to mark zones of control — where price reacts, pauses, or reverses. No magic. Just logic that follows volatility. Why this tool matters It shows yo
    FREE
    Lumos
    Diego Arribas Lopez
    Utilità
    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
    AO unpaid divergences MT4
    Diego Arribas Lopez
    Indicatori
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    Fear and Greed MT4
    Diego Arribas Lopez
    Indicatori
    [ MT5 Version ] How to trade using the Fear and Greed Indicator:  Click here Uncertain about when to take total or partial profits? The Fear and Greed is your reliable companion for making confident trading decisions. This innovative tool offers unparalleled insights into market sentiment, helping you identify key pivot zones and optimize your trading strategy. Why Choose Fear and Greed? Revolutionary Market Insight: Sentiment Analysis: The first indicator for that reveals the market's Fear and
    TTM Squeeze Momentum MT4
    Diego Arribas Lopez
    Indicatori
    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 versi
    Gaussian Channel MT4
    Diego Arribas Lopez
    Indicatori
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    Williams Vix Fix MT4
    Diego Arribas Lopez
    Indicatori
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    Diego Arribas Lopez
    Indicatori
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    Wave Trend MT4
    Diego Arribas Lopez
    Indicatori
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    Order Block Indicator MT4
    Diego Arribas Lopez
    Indicatori
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    Multi Timeframe MA MT4
    Diego Arribas Lopez
    Indicatori
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    Advanced Bollinger Bands RSi MT4
    Diego Arribas Lopez
    Indicatori
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    Bulls and Bears Power MT4
    Diego Arribas Lopez
    Indicatori
    [ MT5 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
    Ultimate Alpha Trend MT4
    Diego Arribas Lopez
    Indicatori
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    SMT Divergences MT4
    Diego Arribas Lopez
    Indicatori
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    Advanced Range Breakout MT4
    Diego Arribas Lopez
    Experts
    MT5 Version Advanced Range Breakout Advanced Range Breakout allows you to trade breakouts in an impossible way for any human being. This EA focuses on entering breakouts as soon as the price moves over them, keeping a tight trailing stop loss (TSL) to catch as much as possible of breakouts'    characteristic   explosive price movements while protecting the trade if it turns out to be a fakeout. Feel free to get in touch we me to find out how I successfully managed to passed a prop firm challenge
    Advanced Daily Breakout EA MT4
    Diego Arribas Lopez
    Experts
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    Kill Zones MT4
    Diego Arribas Lopez
    Indicatori
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    Order Blocks ICT MT4
    Diego Arribas Lopez
    Indicatori
    [ MT5 Version ]   [ Kill Zones ]  [ SMT Divergences ] How to trade using Order Blocks:  Click here Experience the ultimate in trading precision with the  Order Blocks ICT  indicator, designed to empower traders with unparalleled insights into market dynamics. This advanced tool leverages order flow and volume analysis to reveal crucial buying and selling pressures driving price action. Why Choose Order Blocks ICT? Unleash Market Insights: Order Flow Analysis:  Discern buying and selling pressure
    Order Blocks ICT Multi TF MT4
    Diego Arribas Lopez
    Indicatori
    [ MT5 Version ]  [ Kill Zones ]  [ SMT Divergences ] How to trade using Order Blocks:  Click here User Interface Performance:  During testing in the strategy tester, the UI may experience lag. Rest assured, this issue is specific to the testing environment and does not affect the indicator's performance in live trading. Elevate your trading strategy with the  Order Blocks ICT Multi TF  indicator, a cutting-edge tool designed to enhance your trading decisions through advanced order block analys
    ICT Breakers MT4
    Diego Arribas Lopez
    Indicatori
    MT5 Version   Order Blocks ICT   Kill Zones   SMT Divergences ICT Breakers The ICT Breakers 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. Breaker blocks are areas where in
    ICT Breakers Multi TF MT4
    Diego Arribas Lopez
    Indicatori
    [ MT5 Version ] [ Order Blocks ] [ Kill Zones ] [ SMT Divergences ] How to trade using Order Blocks :  Click here User Interface Performance:  During testing in the strategy tester, the UI may experience lag. Rest assured, this issue is specific to the testing environment and does not affect the indicator's performance in live trading. Elevate your trading strategy with the  Order Blocks ICT Multi TF  indicator, a cutting-edge tool designed to enhance your trading decisions through advanced orde
    MT4 to Discord Signals
    Diego Arribas Lopez
    5 (1)
    Utilità
    [ 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? This utility is simple to use and supports a wide variety of settings: Pick your desired Discord channel and enter its webhook URL Get notified when or
    MT4 to Telegram Signals
    Diego Arribas Lopez
    Utilità
    [ MT5 Version ] [ Discord Signals ]  MT4 to Telegram Signals Connect your broker account with Telegram and stop missing important notifications.  Would you like to receive   Telegram   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? This utility is simple to use and supports a wide variety of settings: Pick your desired Telegram group and enter the bot token and the chat id G
    Backtesting Simulator MT4
    Diego Arribas Lopez
    Indicatori
    [ MT5 Version ] 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. Forget about wasting time
    DoIt GBP Master MT4
    Diego Arribas Lopez
    Experts
    [ MT5 Version ]   DoIt GBP Master — Confident GBPUSD Automation for Consistent, Stress-Free Growth   DoIt GBP Master is crafted for traders who want real consistency, emotional control, and stress-free automation — without the usual complexity and frustration of other Expert Advisors. Focused exclusively on GBPUSD for its predictable behavior and deep liquidity, it delivers high-performance trading powered by a proven live-ready strategy, dynamic risk control, and ready-to-go settings for
    Filtro:
    Hector Olmedo Rojas Charry
    60
    Hector Olmedo Rojas Charry 2023.01.22 01:17 
     

    Hasta hoy adquiri el indicador pero no aparece la numeracion de las ondas.

    Como en la publicidad aparece la numeracion asi lo asumi para que me ayudara a indentificar las ondas de elliot de una forma mas eficaz

    Diego Arribas Lopez
    14045
    Risposta dello sviluppatore Diego Arribas Lopez 2023.01.22 12:43
    Hola Hector, el indicador no numera las ondas, ayuda al usuario a reconocerlas filtrando el ruido de mercado. La definicion de cada onda depende del escenario que el usuario este interpretando, por lo tanto representar la numeracion en el grafico puede forzar al usuario a convencerse de un escenario que no queria considerar inicialmente.
    [Eliminato] 2022.09.01 12:41 
     

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