Elliott Wave Trend MT4

Elliott Wave Trend Indicator was developed for scientific calculation on the basis of patterns of waves and patterns, first developed Jong Ho Seo. The indicator is aimed at maximum removing ambiguities classical counting Elliott waves using patterns and pattern. Thus Elliott Wave Trend indicator first provides a template for counting the waves. Second, it offers a structural wave count Wave Structural Score, which helps to determine the exact wave formation. He considers the individual pulse and corrective waves. Structural assessment shows the quality of wave patterns. 100% means a good wave pattern. Values ​​below 80% or negative values ​​mean that errors may be in the assay. Elliott Wave Trend corrects obvious errors in the markup of waves, when suddenly the calculation is non-compliance with the three regulations proposed by Ralph Elliott.

But this is not all of the powerful features of the indicator Elliott Wave Trend. As soon as the wave count is complete, the indicator will automatically provide all the important information for trade. Firstly, it will automatically detect all important levels Fibonacci retracement in the markup waves. Secondly, it will automatically build the main channel, the acceleration channel and the deceleration channel. In addition, it will automatically detect certain important envelopes for your trading session.

Note that despite the fact that the indicator of many automatic functions, some manual operations are still needed to mark waves. In addition, you will need discipline and knowledge of Elliott waves. Having studied the waves, you can use the full power of the Elliott wave analysis, where the wave marking subjectivity is completely controlled.

Working with buttons

Elliott Wave Trend Indicator works primarily using the buttons and mouse. List of buttons that allow you to accurately determine the graph wave patterns.

• Impulse: Click this button to mark the pulse wave on the graph. If the button is disabled, you can not on the chart mark the pulse wave. After pressing the button, double-click on the graph for the placement of each pulse waves (i.e., wave 1, 2, 3, 4 and 5). After the end of the markup impulse wave again, press this button. After the first double-click on the graph will start waves (.). Then the label will be added to 1, 2, 3, 4 and 5.


• Correct: To begin marking on chart correction waves click on this button. If the button is disabled, you can not on the chart mark correction wave. After pressing the button, double-click on the graph for each placement correction waves (i.e., A, B and C waves). After the end of the markup impulse wave again, press this button. After the first double-click on the graph will start waves (.). Then the label will be added to A, B and C.


• DE Label: delete button labels. When you click on a graph to remove the last added mark.


• DE Cycle 1: removal cycle button 1. When you click on this button will remove all the labels of the current cycle. If impulse pressed a button, pressing the DE Cycle 1 will remove all the labels of the current cycle of the pulse wave, leaving only the label correction wave. If you press the correct button, pressing the DE Cycle 1 will remove all tags wave correction of the current cycle.


• DE ALL: delete all. When pressed, all tags are removed on the button.


• Draw Line: Click this button after placing all the labels on the chart. The line will connect automatically label.


• DE Cycle 2: removal cycle button 2. When you click on this button will remove all the lines of the current cycle. If impulse pressed a button, pressing the DE Cycle 2 will remove all impulse wave line of the current cycle, leaving only the line correction wave. If you press the correct button, pressing the DE Cycle 2 will remove all lines wave correction of the current cycle.


• DE All Line: remove all the lines. Clicking this will remove all the lines button.


• Panel: Button shows / hides the information bar. This displays waves calculation rules.


• WaveTrend: button shows / hides the trend indicator on the chart. You can use the trend indicator as an additional assistant.


• << : Reducing cycle


• >> : Increasing cycle