Elliott Wave Trend MT4

4

Elliott Wave Trend was designed for the scientific wave counting. This tool focuses to get rid of the vagueness of the classic Elliott Wave Counting using the guideline from the template and pattern approach. In doing so, firstly Elliott Wave Trend offers the template for your wave counting. Secondly, it offers Wave Structural Score to assist to identify accurate wave formation. It offers both impulse wave Structural Score and corrective wave Structure Score. Structural Score is the rating to show how good your Elliott Wave pattern is. 100% means that it is good wave pattern. The score below 80% or negative values means that you might have some mistakes in your analysis. Elliott Wave Trend will correct some obvious mistake in your wave counting if the counting goes against the three Wave rules proposed by Ralph Elliott.


Must Read

Please note that even though there are many automatic features inside Elliott Wave Trend. However, some manual operation is still required for Elliott Wave counting. In addition, you will need some discipline and knowledge in Elliott Wave counting to use this tool.


Operation with Buttons

Our Elliott Wave Trend operate mostly with button and mouse clicks.

  • Impulse: Press this button first to start labeling impulse waves on your chart. When this button is off, you can’t label any impulse wave in your chart. Once this button is pressed, then double click in your chart to label each impulse wave (i.e. wave 1, 2, 3, 4 and 5). When you finish labeling for impulse wave, just release this button again. Note that in your first double click, origin (.) of your wave will be marked. After that, label 1, 2, 3, 4 and 5 will follow.
  • Correct: Press this button first to start labelling corrective waves on your chart. When this button is offer, you can’t label any corrective wave in your chart. Once this button is pressed, then double click in your chart to label each corrective wave (i.e. wave A, B and C). When you finish labeling for impulse wave, just release this button again. Note that in your first double click, origin (.) of your wave will be marked. After that, label A, B and C will follow.
  • DE Label: DE Label is the short for delete label. When you press this button, the latest label will be deleted from your chart.
  • DE Cycle 1: DE Cycle 1 is the short for Delete Cycle 1. When you press this button, all the labels in the current wave cycle will be deleted. While impulse button pressed, pressing DE Cycle 1 will remove all the labels for impulse wave in the current cycle only leaving the labels for corrective wave. While correct button pressed, pressing DE Cycle 1 button will remove all the labels for corrective wave in the current cycle only.
  • DE ALL: DE ALL is the short for delete all. When you press this buttons, all the labels will be removed regardless of their cycle.
  • Draw Line: You should use this button after your labelling is done in your chart. When you press this button, Elliott Wave Trend will connect each label with lines automatically.
  • DE Cycle 2: DE Cycle 2 is the short for Delete Cycle 2. When you press this button, all the lines in the current wave cycle will be deleted. While impulse button pressed, pressing DE Cycle 2 will remove all the lines for impulse wave in the current cycle only leaving the lines for corrective wave. While correct button pressed, pressing DE Cycle 2 button will remove all the lines for corrective wave in the current cycle only.
  • DE All Line: DE All Line is the short for Delete All Lines. When you press this buttons, all the lines will be removed regardless of their cycle.
  • Panel: Press this button to show and hide the information panel. The information panel provide you the three Elliott Wave counting rules.
  • WaveTrend: Press this button to show and hide the trend indicator in your chart. You can use this trend indicator to assist for your trading.
  • << : decrease Cycle
  • >> : increase Cycle


Trading Strategy Guide

You will find the detailed guide line using Elliott Wave Theory and Elliott Wave Pattern from the link below:

https://www.mql5.com/en/blogs/post/750343


Important Note

This is the off the shelf product. Therefore, we do not accept any modification or customization request on this product. In addition, we do not provide any code library or any support for your coding for this product.

Comentários 9
lauro1956
5843
lauro1956 2022.08.24 09:48 
 

Precise indicator... will help you understand Elliot Waves... essential. Good work

Khalid Albarrak
915
Khalid Albarrak 2018.11.09 17:00 
 

good

Andres Meza
598
Andres Meza 2017.03.28 19:25 
 

Outstanding tool for counting waves. A must buy.

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FFx Engulfing Setup Alerter gives trade suggestions with Entry, Target 1, Target 2 and StopLoss. Below are the different options available: Entry suggestion - pips to be added over the break for the entry 3 different options to calculate the SL - by pips, by ATR multiplier or at the pattern High/Low 3 different options to calculate the 2 TPs - by pips, by ATR multiplier or at Risk/Reward Offset the dashboard - any place on the chart Remove the suggestion once the price reached the SL line Lines
FFx InsideBar Setup Alerter gives trade suggestions with Entry, Target 1, Target 2 and StopLoss. Below are the different options available: Entry suggestion - pips to be added over the break for the entry Minimum candle size - to avoid too close buy/sell entry suggestions 3 different options to calculate the SL - by pips, by ATR multiplier or at the pattern High/Low 3 different options to calculate the 2 TPs - by pips, by ATR multiplier or at Risk/Reward Offset the dashboard - any place on the c
FFx OutsideBar Setup Alerter gives trade suggestions with Entry, Target 1, Target 2 and StopLoss. Below are the different options available: Entry suggestion - pips to be added over the break for the entry. 3 different options to calculate the SL - by pips, by ATR multiplier or at the pattern High/Low. 3 different options to calculate the 2 TPs - by pips, by ATR multiplier or at Risk/Reward. Offset the dashboard - any place on the chart. Remove the suggestion once the price reached the SL line.
FFx PinBar Setup Alerter gives trade suggestions with Entry, Target 1, Target 2 and StopLoss. Below are the different options available: Entry suggestion - pips to be added over the break for the entry Minimum candle size - to avoid too small candles 3 different options to calculate the SL - by pips, by ATR multiplier or at the pattern High/Low 3 different options to calculate the 2 TPs - by pips, by ATR multiplier or at Risk/Reward Offset the dashboard - any place on the chart Remove the sugges
Automatic, live & interactive picture of all trendlines. Assign push, email and sound alerts to the lines of your choice and be informed about price rollback, breakout, rollback after breakout, number of rollbacks, line expiration by double breakout. Correct, drag or delete the lines and interactively tune the line system. https://youtu.be/EJUo9pYiHFA . Chart examples https: //www.mql5.com/en/users/efficientforex Price Interaction Events All events are effective immediately and only after one
Adaptive Stochastic
Rasoul Mojtahedzadeh
Stochastic Oscillator is one of the most popular and accurate oscillators widely used by traders to capture overbought and oversold areas of price action. Although the Stochastic indicator works fine for an interval of the market, it fails to generate profitable signals when the market conditions change, and hence it produces wrong signals resulting in big losses. Have you ever thought about an adaptive Stochastic indicator that adapts its period of calculation based on the market conditions? Th
The purpose of this new version of the MT4 standard indicator provided in your platform is to display in a sub-window multiple timeframes of the same indicator with its divergences. See the example shown in the picture below. But the display isn't like a simple MTF indicator. This is the real display of the indicator on its timeframe. Here's the options available in the FFx divergences indicator: Select the timeframes to be displayed (M1 to Monthly) Define the width (number of bars) for each tim
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Introduction This indicator detects volume spread patterns for buy and sell opportunity. The patterns include demand and supply patterns. You might use each pattern for trading. However, these patterns are best used to detect the demand zone (=accumulation area) and supply zone (=distribution area). Demand pattern indicates generally potential buying opportunity. Supply pattern indicates generally potential selling opportunity. These are the underlying patterns rather than direct price action. T
Price Breakout pattern Scanner is the automatic scanner for traders and investors. It can detect following patterns automatically from your chart. Head and Shoulder - Common tradable pattern. Reverse Head and Shoulder - This pattern is the reverse formation of the Head and Shoulder. Double Top - When the price hits resistance level twice and decline toward the support level, the trader can anticipate sudden bearish breakout through the support level. Double Bottom - The double bottom pattern is
Introduction Excessive Momentum Indicator is the momentum indicator to measure the excessive momentum directly from raw price series. Hence, this is an extended price action and pattern trading. Excessive Momentum Indicator was originally developed by Young Ho Seo. This indicator demonstrates the concept of Equilibrium Fractal Wave and Practical Application at the same time. Excessive Momentum detects the market anomaly. Excessive momentum will give us a lot of clue about potential reversal and
Introduction to EFW Analytics EFW Analytics was designed to accomplish the statement "We trade because there are regularities in the financial market". EFW Analytics is a set of tools designed to maximize your trading performance by capturing the repeating fractal geometry, known as the fifth regularity in the financial market. The functionality of EFW Analytics consists of three parts. Firstly, Equilibrium Fractal Wave Index is an exploratory tool to support your trading logic to choose which r
Mean Reversion Supply Demand Indicator Mean Reversion Supply Demand is the indicator to detect the important supply demand zone in your chart. The concept of supply demand trading relies on the quantity mismatching between buying and selling volumes in the financial market. Typically, supply demand zone serves to predict the turning point. The wave pattern, for any supply demand zone to work as an successful trade, looks like the price must touch the base zone, move away and then return to zone
Peak Trough Analysis is the great tool to detect peaks and troughs in your chart. Peak Trough Analysis tool can use three different peaks and troughs detection algorithm. The three algorithm include the orignal Fractals Indicator by Bill Williams, the Modified Fractals indicator and ZigZag indicator. You can use this peak and trough analysis tool to detect the price pattern made up from Equilibrium Fractal-Wave process. For further usage, there are good guide line on how to use this peak trough
FREE
Ace Supply Demand Zone Indicator The concept of supply demand relies on the quantity mismatching between buying and selling volumes in the financial market. Supply and demand zone can provide the good entry and exit. A zone is easier to trade than a line. The supply demand zone can provide the detailed trading plan and the risk management. Its ability to predict market direction is high. There are two distinctive points about Ace Supply Demand Zone Indicator. Ace Supply Demand Zone indicator was
Introduction to Harmonic Pattern Scenario Planner The present state of Forex market can go through many different possible price paths to reach its future destination. Future is dynamic. Therefore, planning your trade with possible future scenario is an important step for your success. To meet such a powerful concept, we introduce the Harmonic Pattern Scenario Planner, the first predictive Harmonic Pattern Tool in the world among its kind. Main Features Predicting future patterns for scenario
Introduction to Sideways Market Analyzer Notable period of Low volatility and non-trending movements in the financial market is considered as Sideways Market. Sooner or later, the low volatility will increase and the price will pick up a trend after Sideways Market. In terms of trading point of view, Sideways Market can serve as the very good entry timing for traders. Sideways Market is also quite often the representation of accumulation of large orders from big investors. Therefore, knowing the
Introduction Harmonic Patterns are best used to predict potential turning point. Traditionally, Harmonic Pattern was identified manually connecting peaks and troughs points in the chart. Manual harmonic pattern detection is painfully tedious and not suitable for everyone. You are often exposed under subjective pattern identification with manual pattern detection. To avoid these limitations, Harmonic Pattern Plus was designed to automate your harmonic pattern detection process. The functionality
Auto Chart Alert MT5
Young Ho Seo
3.83 (6)
Introduction Auto Chart Alert is a convenient tool to set alert for your trading in your chart. With Auto Chart Alert, you can set the alert line in one click in your desired location in your chart. You can even set alert over the sloped lines in your chart. Auto Chart Alert is a great tool when you have to watch out importnat support and resistance levels for your trading. You can receive the sound alert, email and push notification when the price hit the alert line at you desired location. Au
FREE
Introduction This indicator detects volume spread patterns for buy and sell opportunity. The patterns include demand and supply patterns. You might use each pattern for trading. However, these patterns are best used to detect the demand zone (=accumulation area) and supply zone (=distribution area). Demand pattern indicates generally potential buying opportunity. Supply pattern indicates generally potential selling opportunity. These are the underlying patterns rather than direct price action. T
FREE
Introduction To Time Box Indicator Time Box Indicator is a must have indicator for any trader. It will display daily, weekly and Monthly box according to your preferences. Yet, you can extend any important price levels in your chart automatically. You can use them as the significant support and resistance levels. It is very simple but effective tool for your trading. Graphic Setting Use White Chart Line Style for Current Open price Daily Setting Update Timeframe for daily box Number of days to
FREE
Introduction To Time Box Indicator Time Box Indicator is a must have indicator for any trader. It will display daily, weekly and Monthly box according to your preferences. Yet, you can extend any important price levels in your chart automatically. You can use them as the significant support and resistance levels. It is very simple but effective tool for your trading. Graphic Setting Use White Chart Line Style for Current Open price Daily Setting Update Timeframe for daily box Number of days to
FREE
Introduction This indicator detects volume spread patterns for buy and sell opportunity. The patterns include demand and supply patterns. You might use each pattern for trading. However, these patterns are best used to detect the demand zone (=accumulation area) and supply zone (=distribution area). Demand pattern indicates generally potential buying opportunity. Supply pattern indicates generally potential selling opportunity. These are the underlying patterns rather than direct price action. T
FREE
Introduction to Fractal Moving Average Fractal Moving Average indicator was designed as part of Fractal Pattern Scanner. Inside Fractal Pattern Scanner, Fractal Moving Average Indicator was implemented as multiple of chart objects. With over thousands of chart object, we find that it was not the best and efficient ways to operate the indicator. It was computationally too heavy for the indicator. Hence, we decide to implement the indicator version of Fractal Moving Average indicator to benefit ou
FREE
Introduction to Fractal Moving Average Fractal Moving Average indicator was designed as part of Fractal Pattern Scanner. Inside Fractal Pattern Scanner, Fractal Moving Average Indicator was implemented as multiple of chart objects. With over thousands of chart object, we find that it was not the best and efficient ways to operate the indicator. It was computationally too heavy for the indicator. Hence, we decide to implement the indicator version of Fractal Moving Average indicator to benefit o
FREE
Introduction to Fractal Pattern Scanner Fractal Indicator refers to the technical indicator that makes use of the fractal geometry found in the financial market. Fractal Pattern Scanner is the advanced Fractal Indicator that brings the latest trading technology after the extensive research and development work in the fractal geometry in the financial market. The most important feature in Fractal Pattern Scanner is the ability to measure the turning point probability as well as the trend probabi
Peak Trough Analysis is the great tool to detect peaks and troughs in your chart. Peak Trough Analysis tool can use three different peaks and troughs detection algorithm. The three algorithm include the orignal Fractals Indicator by Bill Williams, the Modified Fractals indicator and ZigZag indicator. You can use this peak and trough analysis tool to detect the price pattern made up from Equilibrium Fractal-Wave process. For further usage, there are good guide line on how to use this peak trough
FREE
Introduction to Order Risk Management EA ORM EA is specially designed for fast and accurate market order execution to be used with our Price Action and Econometric Trading strategies listed below. ORM EA is fully automatic and ORM EA is also very easy to use. ORM EA is totally free of charge. You can also use this robust order execution feature of this ORM EA for any other your own trading strategy. Trading Strategy Guide Order Risk Management EA provides the guide for the risk management for y
FREE
Introduction to GARCH Indicator GARCH is the short initial for Generalized Autoregressive Conditional Heteroskedasticity and it is the volatility prediction model commonly used in financial industry. GARCH model was first appeared in the work by Danish Economist, Tim Peter Bollerslev in 1986. The 2003 Nobel Prize winner, Robert F Engle also added much contribution for the refinement of GARCH model with Tim’s work. Our GARCH INM predictor took the original method of Nelder Mead for GARCH model bu
FREE
Introduction Auto Chart Alert is a convenient tool to set alert for your trading in your chart. With Auto Chart Alert, you can set the alert line in one click in your desired location in your chart. You can even set alert over the sloped lines in your chart. Auto Chart Alert is a great tool when you have to watch out importnat support and resistance levels for your trading. You can receive the sound alert, email and push notification when the price hit the alert line at you desired location. Au
FREE
Introduction to GARCH Indicator GARCH is the short initial for Generalized Autoregressive Conditional Heteroskedasticity and it is the volatility prediction model commonly used in financial industry. GARCH model was first appeared in the work by Danish Economist, Tim Peter Bollerslev in 1986. The 2003 Nobel Prize winner, Robert F Engle also added much contribution for the refinement of GARCH model with Tim’s work. Our GARCH INM predictor took the original method of Nelder Mead for GARCH model bu
FREE
Introduction to Order Risk Management EA ORM EA is specially designed for fast and accurate market order execution to be used with our Price Action and Econometric Trading strategies listed below. ORM EA is fully automatic and ORM EA is also very easy to use. ORM EA is totally free of charge. You can also use this robust order execution feature of this ORM EA for any other your own trading strategy. Trading Strategy Guide Order Risk Management EA provides the guide for the risk management for y
FREE
How to use Pair Trading Station Pair Trading Station is recommended for H1 time frame and you can use it for any currency pairs. To generate buy and sell signal, follow few steps below to apply Pair Trading Station to your MetaTrader terminal. When you load Pair Trading Station on your chart, Pair Trading station will assess available historical data in your MetaTrader platforms for each currency pair. On your chart, the amount of historical data available will be displayed for each currency pai
Introduction Harmonic Patterns are best used to predict potential turning point. Traditionally, Harmonic Pattern was identified manually connecting peaks and troughs points in the chart. Manual harmonic pattern detection is painfully tedious and not suitable for everyone. You are often exposed under subjective pattern identification with manual pattern detection. To avoid these limitations, Harmonic Pattern Plus was designed to automate your harmonic pattern detection process. The functionality
Introduction to Sideways Market Analyzer Notable period of Low volatility and non-trending movements in the financial market is considered as Sideways Market. Sooner or later, the low volatility will increase and the price will pick up a trend after Sideways Market. In terms of trading point of view, Sideways Market can serve as the very good entry timing for traders. Sideways Market is also quite often the representation of accumulation of large orders from big investors. Therefore, knowing the
Introduction to Harmonic Pattern Scenario Planner The present state of Forex market can go through many different possible price paths to reach its future destination. Future is dynamic. Therefore, planning your trade with possible future scenario is an important step for your success. To meet such a powerful concept, we introduce the Harmonic Pattern Scenario Planner, the first predictive Harmonic Pattern Tool in the world among its kind. Main Features Predicting future patterns for scenario
Introduction to Smart Renko The main characteristics of Renko Charting concern price movement. To give you some idea on its working principle, Renko chart is constructed by placing a brick over or below when the price make the movement beyond a predefined range, called brick height. Therefore, naturally one can see clear price movement with less noise than other charting type. Renko charting can provide much clearer trend direction and it helps to identify important support and resistance level
Introduction to Support Resistance Indicator Support and Resistance are the important price levels to watch out during intraday market. These price levels are often tested before development of new trend or often stop the existing trend causing trend reversal at this point. Highly precise support and resistance are indispensable for experienced traders. Many typical trading strategies like breakout or trend reversal can be played well around these support and resistance levels. The Precision Sup
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lauro1956
5843
lauro1956 2022.08.24 09:48 
 

Precise indicator... will help you understand Elliot Waves... essential. Good work

Nicolas Dobrovsky
849
Nicolas Dobrovsky 2020.12.16 08:13 
 

I was expecting something better. bad communication with the developer, not responding. indicator is very expensive, I do not recommend

majed237
177
majed237 2020.03.30 06:07 
 

I can not find any signal in chart iwont return my money

Khalid Albarrak
915
Khalid Albarrak 2018.11.09 17:00 
 

good

ioricool
613
ioricool 2017.09.09 15:53 
 

Spent 600 dollars to buy Young Ho Seo several indicators, before finding the problem, to find Young, Ho, Seo communication, he will send a lot of PPT to you, I seriously spent 1 months to read, and the problem is still unsolved! I think a lot of websites, $1-20, can do that. I think it's a waste of money. The reason for the loss of confidence in the Young Ho Seo is the greater the signal he sees. The index would not have made such a bad EA signal if it were really helpful!https://www.mql5.com/zh/signals/103405

Andres Meza
598
Andres Meza 2017.03.28 19:25 
 

Outstanding tool for counting waves. A must buy.

Alfredo Sabatini
387
Alfredo Sabatini 2017.01.07 20:21 
 

O usuário não deixou nenhum comentário para sua avaliação

nguyenphanduc
198
nguyenphanduc 2016.08.29 18:11 
 

Perfect tool to count wave.

Great profit for me.

Thanks Young Ho Seo very much :)

https://www.mql5.com/en/charts/5696670/usdchf-h1-teletrade-dj-international

braveamit
43
braveamit 2016.06.23 17:37 
 

O usuário não deixou nenhum comentário para sua avaliação

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