Auto Elliott Engine

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, 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.

  • Control Panel: Includes an interactive "Auto EW" panel to analyze, navigate, and review alternative count options within the main workspace.

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 "Proj: ON / Proj: OFF" button.

  • Navigation: Use the "[ + ]" and "[ - ]" buttons on the interface to expand or collapse the list of 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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Quantum Momentum Guard (QMG) Advanced Breakout & Momentum Indicator for MetaTrader 4 Quantum Momentum Guard (QMG) is a next-generation MetaTrader 4 trading indicator designed to identify high-probability breakout opportunities using a powerful combination of advanced momentum analysis and high-level mathematical calculations . Unlike ordinary indicators that generate signals based on a single condition, QMG confirms every breakout with momentum strength and mathematical validation , ensuring
The Hurricane Indicator
Paul Nicholas Clevett
5 (1)
Indicadores
Currently switched to the 4 hour chart - but use other time frames for confirmation. :-)  I change my main time frame based on the market movement at the time. The Hurricane Forex Indicator is a multi time frame indicator that includes such things as Trade Notifications, Trade Calculator, Momentum Indicator, risk reward and much more. We have a free Trade room for our users as well. Please check out the video for full details of how this indicator works as it has over 15 years worth of developme
VTrende Pro mt4
Andrii Diachenko
3 (2)
Indicadores
VTrende Pro MT4 - 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  MT4 is an extended version of the VTrende indicator. Difference between Pro version and VTrende: - Time zones - Signal V - signal 1-2 wave
Naked Forex Kangaroo Tail Pro indicator for MT4
Renaud Herve Francois Candel
Indicadores
Naked Forex Kangaroo Tail Pro Indicator Kangaroo Tail Pro Indicator is a pattern recognition indicator for Forex, Stocks, Indices, Futures, Commodities and Cryptos. The Kangaroo Tail is a multi-bar pattern. The Kangaroo Tail pattern is very effective and is very simple to trade. The strategy that comes with the Kangaroo Tail is based on price action. The indicator does what it was designed for: displaying Kangaroo Tail patterns.   Don't expect to follow the up and down arrows and make money
Trend Line Pro 3
Koichiro Kato
Indicadores
[Trend Line Pro 3]  Trend Line Pro 3 is a discretionary analysis indicator that visualizes swing structure based on Dow Theory / ZigZag concepts and organizes key lines (support/resistance and trendlines) as well as potential break/structure-change points (BreakEdge) directly on the chart. * This product is NOT an EA. It does not place trades or send orders. It helps you organize market structure with the same rules and align your decision criteria more consistently.
Pair Trading Station MT4
Young Ho Seo
3.67 (3)
Indicadores
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
FFx Engulfing Setup Alerter
Eric Venturi-Bloxs
Indicadores
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
Eric Venturi-Bloxs
Indicadores
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
Eric Venturi-Bloxs
Indicadores
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
Eric Venturi-Bloxs
Indicadores
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
Lineverse Trendlines
Arkady Segal
5 (1)
Indicadores
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
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Indicadores
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Enrique Gauto Sand
Indicadores
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Indicadores
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