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Elliot Waves Analyzer

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Published: 9 February 2021

Current version: 1.1

Elliot Waves Analyzer

Name: Elliot Waves Analyzer
Rating: 3.25 (4 reviews)
Author: Viktor Weidenthal

3.25

Indicators
Viktor Weidenthal
Version: 1.1
Updated: 11 February 2021

calculates Elliot Waves to Help Identify Trend direction and Entry Levels. Mainly for Swing Trading Strategies.

Usually one would open a Position in trend direction for Wave 3 or a Correction for Wave C .

This Indicator draws Target Levels for the current and next wave. Most important Rules for Elliot Wave Analysis are verified by the Indicator.

This free version is limited for Analyzing one Timperiod Waves. Waves are Shown only in PERIOD_H4 and above. Not Useful for Intraday trading startegies.

Full version shows Subwaves and all TimePeriods.

https://www.mql5.com/en/market/product/61965

more...

1228

Sebastian Schmidt 2024.05.06 10:26 #

simple, effective and good Many thanks

ismoil_umarbayev 2024.03.21 07:54 #

A very good indicator

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Filter:

1228

Sebastian Schmidt 2024.05.06 10:26 #

simple, effective and good Many thanks

ismoil_umarbayev 2024.03.21 07:54 #

A very good indicator

1428

Marcel Bühler 2021.05.13 21:30 #

Repaints to much.

Ibrahim Selim 2021.03.08 23:12 #

Elliott waves analyzer doesn`t work well on frame 4H n indicates Error ,so I deleted.

5503

Reply from developer Viktor Weidenthal 2021.03.11 17:59 #

Please let me Kow the error you got. and send me the Logfile (if possible).I will verify and provide a fix if possible.

Version 1.1 2021.02.11

Minor Bugfixes :
Fixed an Issue where Waves are not available if more Than One Chart is open with same Symbol
Added Input Option to Limit Bars Calculated