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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.

İncelemeler 9
lauro1956
4230
lauro1956 2022.08.24 09:48 
 

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

Khalid Albarrak
905
Khalid Albarrak 2018.11.09 17:00 
 

good

Andres Meza
573
Andres Meza 2017.03.28 19:25 
 

Outstanding tool for counting waves. A must buy.

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DESCRIPTION The CHAOS INDICATOR has been developed to be used for the TRADING STRATEGY OF CHAOS, as described in the book. The book is in italian language only and can be obtained only on my website indicated below. DATAS COLLECTED AND SHOWN ON GRAPHS The CHAOS INDICATOR apply easily to any graph and any asset, and it is a TRADING FACILITATOR, as it identify immediately the following items on any graph: - The GP (= RIGHT PRICE) i.e. the price to which the asset should be attracted within 24
MT4 için "Eagle Eye Göstergesi" ile ikili opsiyon ticaretinin potansiyelini maksimize edin MetaTrader 4 (MT4) için "Eagle Eye Göstergesi" ile ikili opsiyon ticaretinin devrimci dünyasına dalın. Bu yenilikçi araç, size cerrahi hassasiyet ve eşsiz kazanç fırsatları sunarak ticaret deneyiminizi dönüştürmeye hazır. Potansiyelin sınırlarının aşıldığı ve kazançların maksimize edildiği bir dünyaya dalın. Eagle Eye Göstergesi'nin eşsiz hassasiyeti ve sarsılmaz güvenilirliği sayesinde pazarların gizli sı
PZ Swing Trading
PZ TRADING SLU
5 (4)
Swing Trading is the first indicator designed to detect swings in the direction of the trend and possible reversal swings. It uses the baseline swing trading approach, widely described in trading literature. The indicator studies several price and time vectors to track the aggregate trend direction and detects situations in which the market is oversold or overbought and ready to correct. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Profit for market swings with
Tricky to find and scarce in frequency, divergences are one of the most reliable trading scenarios. This indicator finds and scans for regular and hidden divergences automatically using your favourite oscillator. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Easy to trade Finds regular and hidden divergences Supports many well known oscillators Implements trading signals based on breakouts Displays suitable stop-loss and take-profit levels Configurable oscill
ECM Elite Channel is a volatility-based indicator, developed with a specific time algorithm, which consists of finding possible corrections in the market. This indicator shows two outer lines, an inner line (retracement line) and an arrow sign, where the channel theory is to help identify overbought and oversold conditions in the market. The market price will generally fall between the boundaries of the channel. If prices touch or move outside the channel, it's a trading opportunity. The
Full STO
Roman Smoroda
Tam STO göstergesi (üç STO göstergesinin tüm sürümlerini içerir: Premium, Gold, Silver) - STABLE TRADE OPTION, otomatik ikili opsiyon ticareti için tasarlanmıştır.  DİKKATLİCE OKUYUN!!!!! ÖNEMLİ Bir terminalde farklı sürelere sahip iki şablon oluşturun: 18:01, 18:02 için 1 ila 15 dakika arasında süreleri olan bir şablon ve 22:00 için 10 ila 20 dakika arasında süreleri olan bir şablon. Kazanma oranı: Son 5 yılda %71 Para yönetimi: Mevduattan %0,3 Göstergenin bu sürümü yalnızca Gümüş ve
Gann Zone Pro
Kirill Borovskii
This indicator identifies and displays zones, as it were areas of strength, where the price will unfold. The indicator can work on any chart, any instrument, at any timeframe. The indicator has two modes. The indicator is equipped with a control panel with buttons for convenience and split into two modes. Manual mode: To work with manual mode, you need to press the NEW button, a segment will appear. This segment is stretched over the movement and the LVL button is pressed. The level is displayed
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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
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
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Introduction to X3 Chart Pattern Scanner X3 Cherart Pattern Scanner is the non-repainting and non-lagging indicator detecting X3 chart patterns including Harmonic pattern, Elliott Wave pattern, X3 patterns, and Japanese Candlestick patterns. Historical patterns match with signal patterns. Hence, you can readily develop the solid trading strategy in your chart. More importantly, this superb pattern scanner can detect the optimal pattern of its kind. In addition, you can switch on and off individu
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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
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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
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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 probabil
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 scenari
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
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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. A
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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
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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
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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
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
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 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
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Filtrele:
lauro1956
4230
lauro1956 2022.08.24 09:48 
 

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

Nicolas Dobrovsky
689
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
128
majed237 2020.03.30 06:07 
 

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

Khalid Albarrak
905
Khalid Albarrak 2018.11.09 17:00 
 

good

ioricool
610
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
573
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 
 

Kullanıcı incelemeye herhangi bir yorum bırakmadı

nguyenphanduc
199
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 
 

Kullanıcı incelemeye herhangi bir yorum bırakmadı

İncelemeye yanıt
Sürüm 11.5 2022.03.02
In version 11.5, we made some minor improvement on Elliott Wave Trend.

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
Sürüm 11.3 2019.12.20
In Version 11.3, We made some improvement on your wave counting. Now you can immediately delete Wave patterns by clicking circle button in the indicator window. Hence, it is much easier to count Elliot Wave.
Sürüm 11.2 2019.01.01
In Version 11.2, We have added Support and Resistance Zone detection using Superimposed Pattern Principle (Reference: Scientific Guide to Price Action and Pattern Trading - Wisdom of Trend, Cycle and Fractal Wave)
Sürüm 10.6 2018.07.31
In version 10.6, Elliott Wave Trend can scan Turning Point Strength for multiple timeframe (MTD = Multiple Timeframe Pattern Detection). Please note that MTD can take heavy computation and it can slow down your MetaTrader and your computer.
Sürüm 10.1 2018.05.03
In version 10.1, you have all types of the template shown instead of 1 type of templates.
Sürüm 9.7 2018.03.28
In Version 9.7, user can save and load the wave counting.
Sürüm 8.1 2017.05.19
In Version 8.1, we have made a really small change. In version 8.0 we have omitted Wave template feature for some reason. Now we have put the wave template feature again in our version 8.1. This is a really minor change and it does not affect most of you.
Sürüm 8.0 2017.05.10
In version 8.0, you can label ABCDE wave pattern. The automatic feature involves drawing the ABCDE envelop line for your own convenience.
Sürüm 7.3 2017.02.02
In Version 7.3, We have added Invalidation Check Box for Wave 2 and Wave 4 and We have added the range defined for flat and triangle corrective wave.
Sürüm 7.0 2016.12.21
We have made a minor update in our Elliott Wave Trend for Version 7.0 from previous version 6.8.

Instead of showing only Impulse Wave Structural Score, we show both Impulse Wave and Corrective Wave Structural Score.

When you identify impulse Wave (trend), Impulse Wave Structural Score must be greater than Corrective Wave Structural Score, or at least the Impulse Wave Structural Score must not be marginally smaller than Corrective Wave Structural Score assuming Impluse Wave Structural Score is greater than 80%.
Sürüm 6.8 2016.12.14
In version 6.8, we have made quite a lot of changes to our Elliott Wave Trend. Therefore, we have changed quite a lot of our product description too. Overall, we made quite a lot of automation performing the analysis techniques of Professional Elliott Wave Traders in version 6.8. Fully automatic labelling feature and channelling techniqures are also added to our version 6.8.
Sürüm 5.1 2016.06.14
In version 5.1, Two additional buttons are added to our Elliott Wave Trend tool

1. "Save" button: Now user can save the best parameters. So once he saved the best parameters, every time, he load chart, he will see the best parameter setting. If you want to remove the best parameters sets. Simply open MQL4 (or 5) Data folder, then open Files folder and then open "EWT" folder. All the save parameters are located here. If you delete these files. Elliott Wave trend will not load these parameters any more.

2. "BT" button: now user can click "BT" button to remove all the buttons from your chart. It is good if you want to have more space on your chart.


3. More improved prediction and wave detection engine. Comparing to previous version, now Elliott Wave Trend tools are more accurate and use less computation.