Indicator for Metatrader platform
Elliott Indicator determines in fully automated
mode and real-time Elliot waves. Indicators works under Metatrader 4
terminal control and contains two parts:
- Metatrader 4 Indicator
- Elliott Wave Application
Elliott Wave Application is calculating about two
thousand possible waves (patterns) and wave combinations, taking into
account every old and modern Elliott Wave rule, every Fibonacci ratio
and the fractal nature of the chart.
After calculations, the preferred (combinations
with highest probability) Elliott Wave count automatically is displayed
in your chart and all patterns descriptions, probabilities and rules
for this patterns will be displayed in Elliott Wave Application .
Also on the chart Indicator will show the rays
indicating the most probable direction of the waves.