✔️ Elliott Wave Counter MT4©: https://www.mql5.com/en/market/product/14016
✔️ Elliott Wave Counter MT5©: https://www.mql5.com/en/market/product/15081
Most of those that commerce in Foreign exchange are conscious of the Elliott Wave Evaluation System.
So what is that this wave evaluation: That is the research and evaluation of value, and never its derivatives (varied indicators); The power to find out value targets utilizing Fibonacci instruments (Elliott waves are carefully associated to Fibonacci numbers).
Elliott Wave Counter is a panel for fast and user-friendly guide markup of Elliott waves. One can choose a colour and a degree of marks. There are additionally capabilities for eradicating the final markup and your complete markup made by the software. Markup is made in a single click on. Click on 5 occasions – have 5 waves! Elliott Wave Counter will probably be an awesome instrument each for newbies {and professional} analysts of Elliott waves.
Essential Panel Clarification:
Shut EA Button: This button is used to cease the Skilled Advisor (EA) and take away it from the chart.
Gentle/Darkish Button: This button is used to change between a light-weight and darkish theme for the panel. This button could be useful for those who discover one of many themes too brilliant or too darkish and need to change to the opposite one.
Settings Panel Button: This button is used to open the settings panel for the EA. The settings panel lets you configure varied settings for the EA.
Notifications Panel Button: This button is used to open the notifications panel for the EA. The notifications panel shows vital notifications.
Present/Cover Panel Key: a shortcut to indicate and conceal panel through the use of your keyboard.
Normal Inputs:
How this system works:
First, Choose the kind of wave sample you need to spotlight on the chart utilizing the Wave Kind button. The choices obtainable embody impulse waves, corrective waves, and different customized wave patterns.
Choose the extent of wave sample you need to spotlight on the chart utilizing the Wave Degree button. The choices obtainable embody main, intermediate, and minor wave ranges.
Then if you’ll want to change the colour of the wave, you possibly can select the colour of the wave patterns you need to spotlight on the chart utilizing the Wave Coloration button. This lets you customise the looks of the wave patterns to fit your desire (this may enable you to distinguish between alternate wave counts).
The software is able to begin marking, after clicking, you possibly can place labels on the chart by transferring the mouse and urgent the draw shortcut. Merely transfer your mouse to the specified bar the place your wave begins. A curser line will point out the bar that you’re pointing at. If you happen to place your mouse under the bar the low of the bar will probably be used as value reference, for those who place your pointer above the bar the excessive of it will likely be the worth reference. Make a click on when prepared.
After setting the wave’s begin level, the primary wave will seem below the mouse. This may very well be 1, A or W relying upon the sample that you’re counting. In the identical method, set the purpose for putting the primary wave. Irrespective of how excessive or low you place your wave, the curser line will probably be your wave’s time reference, and the excessive (for those who clicked above the bar) or the low (for those who clicked under the bar) will probably be your wave’s value reference. Value reference and time reference will probably be used to calculate the projections for the following waves.
Choose/Deselect Waves;
Now, by urgent choose shortcut key you possibly can choose/deselects all objects on the chart.
Deleting all objects:
If you wish to delete all objects on the chart, together with any wave patterns which were marked utilizing the Elliott Wave Counter, click on on the Delete All button or press the delete all shortcut key.
Deleting the final wave:
Simply click on on one of many sample’s waves, after which press the delete final shortcut key and the final wave of your sample will probably be deleted. Press the important thing as many occasions as you’ll want to attain the specified wave and delete it.
Bind Waves:
You can even press bind shortcut key to maneuver the labels to the excessive and low and set up it.
Fibonacci Channel:
When deciding on the waves and urgent the Fibo Channel shortcut key, the software will show the channels between the waves.
Fibonacci time zones:
When deciding on the waves and urgent the Fibo Occasions shortcut key, the software will show the Fibonacci time zones between the waves.
Fibonacci growth ranges:
When deciding on the waves and urgent the Fibo Goal shortcut key, the software will show the Fibonacci growth ranges between the waves.
Pitchfork ranges:
When deciding on the waves and urgent the Pitchfork shortcut key, the software will show the Pitchfork ranges between the waves.
Settings Panel Clarification:
The Settings Panel embody completely different tabs to make its simpler to pick and alter the settings.
Wave Tab:
On this tab you possibly can specify the scale and the colour of the cycles teams that the software makes use of to attract Elliott Waves on the chart.
Fibonacci Channel Tab:
The Fibonacci Channel is a technical evaluation software utilized by merchants to determine potential assist and resistance ranges in a value chart. Listed here are the inputs for the Fibonacci Channel and their explanations:
Shortcut key: This refers back to the keyboard shortcut used to activate the Fibonacci Channel software on a buying and selling platform.
Ranges: This refers back to the particular Fibonacci retracement ranges used to attract the channel. The most typical ranges used are 38.2%, 50%, and 61.8%, though merchants could use further ranges primarily based on their buying and selling technique.
Line Width: This refers back to the thickness of the strains that make up the Fibonacci Channel. Merchants can alter the road width to make the channel kind of outstanding on the chart.
Line Type: This refers back to the type of the strains that make up the Fibonacci Channel. Merchants can select from completely different kinds, equivalent to strong strains, dotted strains, or dashed strains.
Coloration: This refers back to the colour of the strains that make up the Fibonacci Channel. Merchants can select from completely different colours to make the channel extra visually interesting or to match their private preferences.
The identical Settings could be utilized on the extent’s strains.
Fibonacci Occasions Tab:
The Fibonacci Time Zone is a technical evaluation software utilized by merchants to determine potential assist and resistance ranges in a value chart primarily based on time intervals. Listed here are the inputs for the Fibonacci Time Zone and their explanations:
Shortcut key: This refers back to the keyboard shortcut used to activate the Fibonacci Time Zone software on a buying and selling platform.
Line Width: This refers back to the thickness of the strains that make up the Fibonacci Time Zone. Merchants can alter the road width to make the zones kind of outstanding on the chart.
Line Type: This refers back to the type of the strains that make up the Fibonacci Time Zone. Merchants can select from completely different kinds, equivalent to strong strains, dotted strains, or dashed strains.
Coloration: This refers back to the colour of the strains that make up the Fibonacci Time Zone. Merchants can select from completely different colours to make the zones extra visually interesting or to match their private preferences.
Fibonacci Goal Tab:
The Fibonacci Enlargement is a technical evaluation software utilized by merchants to determine potential ranges of assist and resistance, in addition to potential value targets, in a value chart. Listed here are the inputs for the Fibonacci Enlargement and their explanations:
Shortcut key: This refers back to the keyboard shortcut used to activate the Fibonacci Enlargement software on a buying and selling platform.
Ranges: This refers back to the particular Fibonacci retracement ranges used to attract the growth ranges. The most typical ranges used are 38.2%, 50%, 61.8%, 100%, 138.2%, 161.8%, 200%, and 261.8%, though merchants could use further ranges primarily based on their buying and selling technique.
Line Width: This refers back to the thickness of the strains that make up the Fibonacci Enlargement. Merchants can alter the road width to make the growth kind of outstanding on the chart.
Line Type: This refers back to the type of the strains that make up the Fibonacci Enlargement. Merchants can select from completely different kinds, equivalent to strong strains, dotted strains, or dashed strains.
Coloration: This refers back to the colour of the strains that make up the Fibonacci Enlargement. Merchants can select from completely different colours to make the growth extra visually interesting or to match their private preferences.
Pitchfork Tab:
The Pitchfork, also referred to as the Andrews Pitchfork, is a technical evaluation software utilized by merchants to determine potential ranges of assist and resistance in a value chart. Listed here are the inputs for the Pitchfork and their explanations:
Shortcut key: This refers back to the keyboard shortcut used to activate the Pitchfork software on a buying and selling platform.
Ranges: This refers back to the particular ranges used to attract the Pitchfork. The most typical ranges used are the median line, which is drawn from the very best excessive or lowest low to the midpoint of the worth motion, and the higher and decrease parallel strains, that are drawn equidistant from the median line at ranges of assist and resistance.
Line Width: This refers back to the thickness of the strains that make up the Pitchfork. Merchants can alter the road width to make the Pitchfork kind of outstanding on the chart.
Line Type: This refers back to the type of the strains that make up the Pitchfork. Merchants can select from completely different kinds, equivalent to strong strains, dotted strains, or dashed strains.
Coloration: This refers back to the colour of the strains that make up the Pitchfork. Merchants can select from completely different colours to make the Pitchfork extra visually interesting or to match their private preferences.
The identical Settings could be utilized on the extent’s strains.
Different Settings Tab:
Play Sounds: This enter refers to a characteristic that performs a sound impact each time an motion is carried out.
Cursor Pointer Shortcut Key: That is the keyboard shortcut used to activate the cursor pointer mode within the Elliott Wave Counter software. When this mode is activated, a cursor pointer seems on the chart, and the consumer can transfer it round to find out the optimum placement for the label.
Degree Description Shortcut Key: That is the keyboard shortcut used to activate the Degree Description mode within the Elliott Wave Counter software.
Delete All Shortcut Key: That is the keyboard shortcut used to delete all of the wave markers on the chart directly.
Delete Final Shortcut Key: That is the keyboard shortcut used to delete the final wave marker added to the chart.
Draw Shortcut Key: That is the keyboard shortcut used to activate the drawing mode within the Elliott Wave Counter software.
Bind Shortcut Key: That is the keyboard shortcut permits the consumer to connect the wave depend label to the worth level on the chart, such because the excessive or low of a candle. This might help set up the labels on the chart and make it simpler for the consumer to maintain observe of the wave depend.
Choose Shortcut Key: That is the keyboard shortcut used to activate the choice mode within the Elliott Wave Counter software. This permits the dealer to pick and modify present wave on the chart.
Notifications Panel Clarification:
The Date refers back to the date and time when the notification was generated.
The Notification refers back to the message that’s displayed. This may embody details about the EA or the updates or message from the developer.
To permit EA getting the notifications, you’ll want to add our web site hyperlink to the record of allowed URLs within the platform’s settings.
Listed here are the steps so as to add a hyperlink to the allowed URLs record in MetaTrader (Examine The Picture Beneath):