Pattern 5W Scan MT5
- Indicateurs
- Elif Kaya
- Version: 1.0
- Activations: 20
Introduction
The Elliott Wave in technical analysis describes price movements in the financial market that are related to changes in trader sentiment and psychology.
The 5 W Pattern (Known as 3 Drives) is an Elliott Wave pattern that is formed by 5 consecutive symmetrical moves up or down. In its bullish form, the market is making 5 drives to a bottom before an uptrend forms. In a bearish 5-drive, it is peaking before the bears take over.
5W Pattern Scanner
Scan, Fibonacci calculations and pattern recognition are completely done by 5W Pattern Scanner indicator; All you do is "press the scan button". It sends alert and push notification on your mobile.