ElliottWave Pro
- Göstergeler
- Sürüm: 4.94
- Güncellendi: 4 Eylül 2026
- Etkinleştirmeler: 5
ElliottWave Pro — Automatic Wave 2 Detection and Wave 3 Targets
An indicator for MetaTrader 5 that automates Elliott Wave and Fibonacci analysis. ElliottWave Pro detects the end of the first impulse (Wave 1), calculates the corrective zone (Wave 2) and draws a ready-to-use trading setup with Stop Loss and Take Profit levels.
Key Features
- Automatic Wave 1 detection: connects points P0 and P1 to show the trend structure.
- Wave 2 entry zone: a rectangular retracement zone with Fibonacci levels 38.2%, 50.0% and 61.8%.
- Ready levels: Stop Loss — below the start of Wave 1 (point P0); Take Profit — 161.8% of the Wave 1 length measured from its start (the classic Wave 3 target).
- Two-level alerts: a warning when Wave 1 is confirmed and a signal when the Wave 2 entry zone is ready.
- Works on any timeframe and any financial instrument (Forex, Crypto, Indices, Metals).
How to use
- Wait for the Wave 1 alert.
- A colored zone appears (green — BUY, red — SELL) with Fibonacci levels.
- Enter on price touch or reversal inside the 38.2%–61.8% retracement zone (according to your trading strategy).
- Place Stop Loss at the red dashed line and Take Profit at the green solid line (161.8%).
Settings
- ZigZag: ZZ_Depth (12) — depth of extreme search; ZZ_Deviation (5) — minimum distance between extremes in points.
- Wave 2 filters: Fibo_Min_Retracement (0.382 / 38.2%) — minimum retracement depth; Fibo_Max_Retracement (0.618 / 61.8%) — maximum retracement depth.
- Display: Max_Show_Setups (3) — number of setups shown; ShowWave1Line (true) — Wave 1 line; ShowFiboLevels (true) — Fibonacci levels inside the zone; colors of BUY/SELL zones, SL and TP lines.
- Alerts: EnableAlert_W1 (true) — Wave 1 alert; EnableAlert_W2 (true) — Wave 2 entry zone alert.
Note: this indicator provides analysis only and is not an automated trading system; trading decisions remain with the trader.
