Elliott Wave Auto Count
- インディケータ
- バージョン: 1.0
- アクティベーション: 10
Elliott Wave Auto Count automatically finds swing points on your chart and labels Elliott Wave structures as price develops: impulse waves (1-2-3-4-5) and corrective waves (A-B-C), in both bullish and bearish directions.
WHAT IT DOES
- Detects swing highs and lows with an adjustable swing length.
- Checks each sequence of swings against the classic Elliott Wave rules and labels a wave only when the rules are met.
- Draws colored wave lines with labels (1) (2) (3) (4) (5) (A) (B) (C).
- Shows expected pullback zones for waves 2, 4 and B. A check mark appears while price is inside the zone.
- Draws Fibonacci-based target lines for the next wave, with the target price and its percentage distance from the last pivot. A target line disappears after price reaches it.
- Shows a "Start Wave" label when a new wave is expected to begin, together with a reference stop level. Two stop modes are available: Tight (beyond the last pivot) and Invalidation level (the level where the current count becomes invalid).
- Optional trend ribbon built from two EMAs.
- Alerts when a new wave starts: terminal popup, push notification to your phone, and sound.
HOW TO USE
1. Attach the indicator to any symbol and timeframe.
2. Adjust "Swing length": a larger value gives fewer and larger waves, a smaller value gives more detail.
3. Use the Rules inputs to make the wave detection stricter or looser.
4. To receive push notifications, set your MetaQuotes ID in the terminal (Tools - Options - Notifications) and enable the push option in the indicator inputs.
INPUTS
Wave settings: start date, swing length, minimum size of wave 1 for wave 2 zone, maximum bars to scan.
Rules: wave 4 may not go beyond wave 2, wave A may not go beyond wave 4, wave 3 may not be the shortest, wave 4 may not overlap wave 1, allow truncated wave 5, allow truncated wave C, and minimum size filters for waves 2, 3, 4 and 5.
Display: raw zigzag, target lines, arrival boxes, Start Wave label, trend ribbon, ribbon EMA periods, font size.
Start Wave / Stop: draw stop line, stop mode, stop buffer (in ATR).
Alerts: popup, push notification, sound.
IMPORTANT NOTES
- Waves are counted on closed bars. A swing is confirmed only after "Swing length" bars have formed to its right, so labels appear with a delay and the most recent wave may be revised as new bars form.
- Elliott Wave analysis is subjective. The indicator shows one mechanical interpretation of the price action, not the only possible one.
- Targets, zones and stop levels are calculated from Fibonacci ratios and swing points. They are reference levels only, and price may never reach them.
- The indicator does not open, close or modify trades. It is an analysis tool.
- It draws objects on the chart. If you want to remove everything, simply remove the indicator.
RISK WARNING
Trading involves risk. This indicator is provided for analysis purposes only and does not guarantee any trading result.
