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Elliot Wave Oscillator MT4

MT5 Version

Elliot Wave Oscillator MT4

Elliot Wave Oscillator MT4 is an indicator designed to support Elliot Wave counts. The default settings help filtering out the noise in the market allowing a clear perception for the waves counts in differnt timeframes. Elliot Wave Oscillator high customization level allows the you to optimize this indicator to your personal preferences. Shorter Periods and faster reactive MAs will provide more infomation but will require a higher level of experience for a right interpretation. On the other side, longer Periods and slower reactive MAs will filter out much of the market's noise to get a much clearer view.

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Elliot Wave Oscillator usually shows its highest values during 3rd waves, positive but lower values during the 1st and 5th waves and divergences between the 3rd and the 5th waves. Corrections use to reach negative values.

Ideal for HOLD, SCALPING and SWING strategies

At the same time,  Elliot Wave Oscillator provides a system of alerts and notifications on the mobile phone and on the MT4 Terminal at MAX and MIN EWO values.

Some of the characteristics of the indicator are the following:

  • Time saving
  • Ease the identification of the trend and Elliot Wave counts
  • Ease of decision-making for entries and taking full or partial benefits
  • Highly customizable
  • Functional in all pairs (Crypto, Forex, Stocks, Indices, Commodities ...)
  • Perfect for Scalping or Swing trading
  • Alerts and notifications on the MT4 terminal and on the mobile phone

Input parameters

Settings:

  • Price Source: Price source for the calculations
  • MA type: Moving average type for the algorithm( SMA, EMA, WMA, Smooth MA, HullMA, RMA, TEMA )
  • Period 1: Period for the first MA
  • Period 2: Period for the second MA
  • Show  difference as percent of current candle: EWO as percent value with respect to candle price
    Visualization:

    • Enable Multicolor Mode (0=1Color, 1=2Color, 2=3Colors): 1,2 or 3 colored EWO
    • Activate Color Range: True enables default Color Ranges, False allows you to select the colors yourself
    • Color range (0=Grey,1=Blue,2=Green,3=Red): Default Color Ranges for the EWO

    Notifications:

    • Activate Alerts: Enables alerts on the MT4 Terminal at MAX and MIN EWO values
    • Activate Notifications: Enables phone Notifications

    Support and questions

    Do not hesitate to contact me for any questions and support

    Author

    Diego Arribas, private investor and speculator, automation engineer in the aerospace industry

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    ATTUALMENTE SCONTATO DEL 31%! La soluzione migliore per ogni principiante o trader esperto! Questo indicatore è uno strumento di trading unico, di alta qualità e conveniente perché abbiamo incorporato una serie di caratteristiche proprietarie e una formula segreta. Con un solo grafico fornisce avvisi per tutte le 28 coppie di valute. Immaginate come migliorerà il vostro trading perché sarete in grado di individuare l'esatto punto di innesco di una nuova tendenza o opportunità di scalping!
    EARLY REMINDER: The Starting price is 65 price will rise soon up to 365$ after first 10 copies of sales. Grab this offer now! Introduction Hello, traders! Welcome to the demonstration of the Forex Beast Indicator , a comprehensive tool designed to assist aspiring traders in navigating the complexities of the forex market. This indicator incorporates seven essential components to provide a well-rounded trading experience: Moving Averages Colored Zones Support and Resistance Levels (Previous Hig
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    Bernhard Schweigert
    4.8 (20)
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    Alexandr Lapin
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    Altri dall’autore
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    Diego Arribas Lopez
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    Diego Arribas Lopez
    5 (1)
    [ MT4 Version ] How to trade using the Fear and Greed Indicator:  Click here Uncertain about when to take total or partial profits? The   Fear and Greed   is your reliable companion for making confident trading decisions. This innovative tool offers unparalleled insights into market sentiment, helping you identify key pivot zones and optimize your trading strategy. Why Choose Fear and Greed? Revolutionary Market Insight: Sentiment Analysis:   The first indicator for that reveals the market's Fea
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    Diego Arribas Lopez
    MT4 Version Kill Zones Kill Zones allows you to insert up to 3 time zones in the chart. The visual representation of the Kill Zones in the chart together with an alert and notification system helps you to ignore fake trading setups occurring outside the Kill Zones or specific trading sessions. Using Kill Zones in your trading will help you filter higher probability trading setups. You should select time ranges where   the market   usually reacts with high volatility. Based on   EST time zone, f
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    Diego Arribas Lopez
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    Diego Arribas Lopez
    5 (1)
    [ MT4 Version ] [ Discord Signals ]  MT5 to Telegram Signals Connect your broker account with Telegram and stop missing important notifications.  Would you like to receive Telegram   notifications? Are you looking for a simple way to share trade signals with your followers? Do you need to start documenting your trades with an automated trading diary? Check out this step-by-step   Tutorial . This utility is simple to use and supports a wide variety of settings: Pick your desired Telegram   group
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    [ MT4 Version ] Are you tired of spending months on demo or live accounts to test your trading strategies? The Backtesting Simulator is the ultimate tool designed to elevate your backtesting experience to new heights. Utilizing Metatrader historical symbol information, it offers an unparalleled simulation of real market conditions. Take control of your testing speed, test ideas quickly or at a slower pace, and witness remarkable improvements in your testing performance. Forget about wasting tim
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    Diego Arribas Lopez
    5 (2)
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    FREE
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    Diego Arribas Lopez
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    Diego Arribas Lopez
    5 (1)
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    MA Ribbon MT4
    Diego Arribas Lopez
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    Wave Trend MT4
    Diego Arribas Lopez
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    Diego Arribas Lopez
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    FREE
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    Fear and Greed MT4
    Diego Arribas Lopez
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    SMT Divergences MT4
    Diego Arribas Lopez
    5 (1)
    MT5 Version SMT Divergences MT4 SMT Divergences is one of the most innovative indicators in the market. It offers the possibility of analyzing price divergences between 2 pairs. These divergences highlight and help to foresee what banks and institutions are planning to do. SMT divergences also provides you with a kill zones indicator and the possibility of filtering divergences occurring during these kill zones.  The strategy tester is limited in MT4. Contact the author to get your Demo Version
    MT5 Version Advanced Range Breakout Advanced Range Breakout allows you to trade breakouts in an impossible way for any human being. This EA focuses on entering breakouts as soon as the price moves over them, keeping a tight trailing stop loss (TSL) to catch as much as possible of breakouts'    characteristic   explosive price movements while protecting the trade if it turns out to be a fakeout. Feel free to get in touch we me to find out how I successfully managed to passed a prop firm challeng
    MT5 Version Advanced Daily Breakout Advanced Daily Breakout  allows you to trade session breakouts in an automatic way and with an accurate order and risk managing. This EA focuses on defining the session range and trading its breakout. You can let the trade run until the end of the session or keep a tight trailing stop loss (TSL) to catch as much as possible of breakouts' characteristic explosive price movements while protecting the trade if it turns out to be a fakeout. There are three main
    Filtro:
    Hector Olmedo Rojas Charry
    60
    Hector Olmedo Rojas Charry 2023.01.22 01:17 
     

    Hasta hoy adquiri el indicador pero no aparece la numeracion de las ondas.

    Como en la publicidad aparece la numeracion asi lo asumi para que me ayudara a indentificar las ondas de elliot de una forma mas eficaz

    Diego Arribas Lopez
    10532
    Risposta dello sviluppatore Diego Arribas Lopez 2023.01.22 12:43
    Hola Hector, el indicador no numera las ondas, ayuda al usuario a reconocerlas filtrando el ruido de mercado. La definicion de cada onda depende del escenario que el usuario este interpretando, por lo tanto representar la numeracion en el grafico puede forzar al usuario a convencerse de un escenario que no queria considerar inicialmente.
    [Eliminato] 2022.09.01 12:41 
     

    L'utente non ha lasciato alcun commento sulla valutazione.

    Rispondi alla recensione
    Versione 1.1 2022.02.19
    Good luck wishes!