Elliott Wave Counter MT5
This feature-rich Elliott wave analysis software for MetaTrader 5 trading platform.
You can:
- Instant calculation of waves matching the pattern and extent, at the click of a mouse.
- Instant construction of Andrews' Pitchfork at the click of a mouse.
- Instant construction Fibonacci targets (in price and time) uniquely configured for each type of wave, by pressing a single key.
- Instant construction wave Fibonacci channels uniquely configured for each type of wave, by pressing a single key.
Main characteristics:
1. You can use the same schedule for all currencies
- You can use the same window to view multiple graphs.
- The indicator automatically hides objects of other currencies and show them again when you return to the first.
2. Symbols
- Set the pattern type that you want to count.
- Set degree.
- Set the color (this will help you to distinguish between the number of alternate waves).
- Move the cursor when you are ready, just click the "Draw" button.
- If you want to change the position of the wave, or select all of the labels, just click the "Select" button to select / deselect a wave symbol on the chart.
- Then you can click the "Bind" to automatically snap to the wave character maximum and minimum price of the bar, watching the hierarchy wave levels at all time periods.
- To delete the last wave simply click on one of the wave patterns, and then click "DeleteLastLabel" button. Last wave your pattern will be deleted. Press the button as many times as you need to achieve the desired wave and remove it.
3. Channel Fibonacci
- Show / hide Fibonacci channels, when the mark wavelength selected.
- You can add the desired channel levels.
- You can change the color as the channel lines, and channel levels.
- You can change the style as the channel lines, and channel levels.
- You can change the thickness of lines as a channel, and channel levels.
4. Time zone Fibonacci
- Show / hide Fibonacci time zone when a mark wavelength selected.
- You can change the color of the lines Fibonacci time zones.
- You can change the style of the time zones Fibonacci lines.
- You can change the thickness of Fibonacci time zones lines.
5. Target zone Fibonacci
- Show / hide the target zone for the next wave of Fibonacci levels, when the symbol is selected wavelength.
- You can change the color levels of the target zones.
- You can change the style of the levels of target zones.
- You can change the thickness levels of target zones.
- You can add the desired channel levels.
6. Pitchfork
- Show / hide the forks when the mark wavelength selected.
- You can change the color as fork lines and lift levels.
- You can change the style as lift lines and lift levels.
- You can change the thickness of lines as the fork and lift levels.
- You can add the desired level of lift.
7. Other Settings
- Pointer display.
- Hide / show a detailed text description of wave symbols.
- Remove all objects created by the tool.
Feel free to express their opinions about the tool and let me know if there is a need for improvement.
Video
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