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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.

Bewertungen 8
lauro1956
5132
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
572
Andres Meza 2017.03.28 19:25 
 

Outstanding tool for counting waves. A must buy.

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Natürlich, hier ist die Übersetzung in Deutsch: Vorstellung des Astronomie-Indikators für MT4: Dein ultimativer himmlischer Trading-Begleiter Bist du bereit, deine Trading-Erfahrung auf himmlische Höhen zu heben? Suche nicht weiter als unseren revolutionären Astronomie-Indikator für MT4. Dieses innovative Tool übertrifft herkömmliche Trading-Indikatoren und nutzt komplexe Algorithmen, um dir unvergleichliche astronomische Einblicke und präzise Berechnungen zu bieten. Ein Universum an Information
Mafaranga
Phillimon Shumbusho
The real market buy/Sell signals, you can trust.  This indicator tracks the trend strength, the market strength, the real current volume, and the price direction to give traders and investors the optimum point for entry in the form of signals. The time frames range from 5 minutes to one (1) hour chart. Trading on higher time frames produce the best outcomes, but also do produce less frequent trades, compared to trading on lower time frames.
This product is based on the methodologies of Gann, his follower Don E. Hall. The Indicator builds a working view grid, which is used to analyze graphics. The Pyrapoint tool, developed by Don Hall, is a grid based on the Pythagorean cube. In his calculations he uses the Gann Square 9 methodology and the relationship between Price and Time. This tool is used to predict changes in trend and overall market actions. More information about the method   HERE
'CyberBot Project" is a cutting-edge product with a hybrid formula of "ALGO~VX7", the first in the MQL5 market > It's got a high-level mastermind algorithm that gives u Multi Indicator + Reversal Code Corridors all in one. With the ability to analyze 8 Pairs + 8 Timeframes + 8 Shadows at once, including Pivot, Support, and Resistance functions, it gives individual traders pro-level tools. Super practical + powerful, for everyone from newbies to pros. No theory needed, it's all real "wysiwyg" --
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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 sh
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 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 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
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
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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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Young Ho Seo
3.6 (5)
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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 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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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 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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Auto Chart Alert MT4
Young Ho Seo
5 (2)
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 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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Auswahl:
lauro1956
5132
lauro1956 2022.08.24 09:48 
 

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

Nicolas Dobrovsky
814
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
147
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
609
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
572
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 
 

Der Benutzer hat keinen Kommentar hinterlassen

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 
 

Der Benutzer hat keinen Kommentar hinterlassen

Antwort auf eine Rezension
Version 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
Version 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.
Version 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)
Version 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.
Version 10.1 2018.05.03
In version 10.1, you have all types of the template shown instead of 1 type of templates.
Version 9.7 2018.03.28
In Version 9.7, user can save and load the wave counting.
Version 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.
Version 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.
Version 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.
Version 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%.
Version 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.
Version 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.