@ Elliott Waves Indicator @

Author:

Vladimir Hlystov

Description:

The indicator doesn't draw the Elliott waves, but it helps you to define them.

Lets consider how does it works:

1. The WAVE. The first, you should draw any trend line using Fractals and define its name it in the following form : "1<space>*****", for exampe: "1 wave". After the first tick, or if you don't want to wait for it, update it using the right mouse button you will get the picture like this:

The dotted line with rectange shows the estimated price movement, and if the wave has been defined correctly, the price will came into the estimated rectange. V is the average volume in the 1st wave.

After that, we are waiting for the lower fractal and rename the dotted line to "2 wave" (note that the number and space after it are important). Now moving the end of that line on the next formed fractal (lower) and we will get the estimated price movement in the 3rd wave:

(if you have moved the line to the bar without fractal, the indicator will inform you about it and will try to move the line by its own vision. If the line hasn't been moved by the indicator, you should move it on the fractal manually)

After the price will reach rectangle (in our case we have the movement, the price moved upper than the estimated target), you should rename the dotted line to "3 wave" and remove it to the upper fractal. The result you will see looks as follows:

The indicator informs us, that the average volume in the 3rd wave is always larger, than in the 1st wave. So it's possible that our wave definition was wrong.

But anyway, we have reached the target estimated and we can continue.

After the price will reach the estimated target and after the next fractal formation we rename the dotted line to "4 wave" and remove its end on the fractal:

Further, we should wait for the upper fractal in the target estimated and draw the "a b c" retracement. Read the book "Trade Chaos" by Bill Williams for the details.

http://codebase.mql4.com/download/19928

original post

http://codebase.mql4.com/6272

Is there around some indicator that actually DRAWS the Elliott Waves on the chart? ;)

found elliot wave indicator here

http://www.abysse.co.jp/mt4/indicators/Elliott%20Wave%20indic.mq4

but i can't make it work.....:(( :(( :((

here the link to learn the elliot wave

http://www.elliottwave.com/auth/login.aspx?ReturnUrl=%2fclub%2fprotected%2fwave_principle%2fwhat.aspx

Elliot wave indicator

I have another Elliot wave indicator from Russian site. May anybody please help me to install it? Manual is in Russian language.

http://www.multiupload.com/9T0Y3BWD35

I have another Elliot wave indicator from Russian site. May anybody please help me to install it? Manual is in Russian language.

http://www.multiupload.com/9T0Y3BWD35

%5Bimg%5Dhttp%3A//i913.photobucket.com/albums/ac339/mtx_69/Elliot_wave2.png[/img] please share indicator too buddy..

Please share.....

Thank U

Elliot wave Trading Plan

Find herewith attached the indicators and manual. Anybody else please convert the manual in English.

http://www.multiupload.com/TZC9RI4FS8

from google

Elliott Waves in Mt4

How to work with the program:

1). Open the desired chart in MT4 and make it autonomous.

2). Through the "History Center" to save the file you want the tool (format csv). While maintaining the other way, make sure that the recording format in the file had the look of "yyyy.mm.dd, hh: mm, Open, High, Low, Close, Volume"

3). Open the program and enter a folder in the files MetaTrader box 1 (there will remain the results of calculations). Press the "Save" (hereinafter referred to will not have to enter the address).

4). The program open (File -> Open) the saved file tool and click on "Read."

5). In the 2 in the form of a tree will show the results of calculations.

6). In MT4 the graph to apply the indicator ScanWave Indicator v.0.2.1.

7). In MT4 upgrade schedule, if the characters are "wrong."

Vertical lines

Vertical lines on the chart - a range of objectives of the particular mode.

If the wave is to determine the target upward, the minimum and maximum value of the vertical line - the minimum and maximum target. If the wave for which the goals are defined downward, then vice versa. Horizontal bars within the vertical line - the most likely targets of this wave.

NEW VERSION: ScanWave v.0.2

1. Sort waves according to their estimate (the wave with a greater appreciation are higher);

2. The analysis of waves in accordance with the rules Elwave (theoretically Elwave must correctly perceive the markings made by the program);

3. The rules are stored in a file modern75.rls (information from the file is read at boot, so the program starts with a short delay);

4. Derivation of targets on the chart in MT4.

ScanWave Indicator v.0.2.1

ScanWave Indicator v.0.2.2

1. Wave counting on the schedule

2. ShowChannel - output channels on the chart

3. ShowTargetWaveLines - Output targets on schedule

4. SaveAnalysisOnExit - Save markings on the chart

In light ScanWave Indicator v.0.2.1 added parameter ShowTargetWaveLines. If the value is True in the chart displays the line from the top of the wave, followed by a target wave (ie wave, for which goals are defined). Done to make it clear what the wave correspond to the displayed target.

thanks for your effort zhangw. I will try to understand.

I request anybody who knows Russian please let us elaborate, how to install it.

thanks for your effort zhangw. I will try to understand.

I request anybody who knows Russian please let us elaborate, how to install it.

I second this request, I have tried in vain to try to install this with the google translate version, but it does not work so far :-(

http://s993.photobucket.com/albums/af55/huuumeee/

Right got the damn thing to work, and here is how:

1) open a chart, and save it as a cvs file in the mt4/experts/files folder

2) open scanwave standalone program. Press the topmost left hand corner button and select the file you saved under above step.

3) press the button in the top left hand corner below the above button you pressed under step two

4) select the file folder that you wish to save the calculations to, which should again be the experts/files/folder

5) rename the saved file to "ResultAnalysisEURUSD240" that is asuming you have just run the analysis of eurusd4hr, or to whatever you have analaysed.

6) restart the mt4 platform and open the chart you have analysed, in the above case eurusd240 and load the scanwave indicator 2.2 and in the variable select all options as "true".

7) There you have it, you should have a chart that looks like mine.

Kudos please if you find the above helpful!

http://s993.photobucket.com/albums/af55/huuumeee/

 

Right got the damn thing to work, and here is how:

 

1) open a chart, and save it as a cvs file in the mt4/experts/files folder

2) open scanwave standalone program. Press the topmost left hand corner button and select the file you saved under above step.

3) press the button in the top left hand corner below the above button you pressed under step two

4) select the file folder that you wish to save the calculations to, which should again be the experts/files/folder

5) rename the saved file to "ResultAnalysisEURUSD240" that is asuming you have just run the analysis of eurusd4hr, or to whatever you have analaysed.

6) restart the mt4 platform and open the chart you have analysed, in the above case eurusd240 and load the scanwave indicator 2.2 and in the variable select all options as "true".

7) There you have it, you should have a chart that looks like mine.

 

Kudos please if you find the above helpful!

is it ur mt4 chart like this image?so how about indi scan wave 0.2 and 0.2.1?? %5Bimg%5Dhttp%3A//i993.photobucket.com/albums/af55/huuumeee/ell.gif[/img]

is it ur mt4 chart like this image?so how about indi scan wave 0.2 and 0.2.1?? %5Bimg%5Dhttp%3A//i993.photobucket.com/albums/af55/huuumeee/ell.gif[/img]

2.2 is the latest version, the others are the same with less options, yes that is my mt4 chart after installing the indicator as explained in my previous post.

here you go, images with 2.0,2.1 and 2.2 applied to them:

http://i993.photobucket.com/albums/af55/huuumeee/22.gif

http://i993.photobucket.com/albums/af55/huuumeee/22.gif

http://i993.photobucket.com/albums/af55/huuumeee/20.gif

2.2 is the latest version, the others are the same with less options, yes that is my mt4 chart after installing the indicator as explained in my previous post.

thanks alot buddy,now get it work...damn it more difficult from software to set up..hahahaha now can laugh

The saving stage does not work for me. can you explain please * 4) select the file folder that you wish to save the calculations to, which should again be the experts/files/folder). I select the file folder and push the button, but nothing work>What is wrong,

thanks

http://s993.photobucket.com/albums/af55/huuumeee/

 

Right got the damn thing to work, and here is how:

 

1) open a chart, and save it as a cvs file in the mt4/experts/files folder

2) open scanwave standalone program. Press the topmost left hand corner button and select the file you saved under above step.

3) press the button in the top left hand corner below the above button you pressed under step two

4) select the file folder that you wish to save the calculations to, which should again be the experts/files/folder

5) rename the saved file to "ResultAnalysisEURUSD240" that is asuming you have just run the analysis of eurusd4hr, or to whatever you have analaysed.

6) restart the mt4 platform and open the chart you have analysed, in the above case eurusd240 and load the scanwave indicator 2.2 and in the variable select all options as "true".

7) There you have it, you should have a chart that looks like mine.

 

Kudos please if you find the above helpful!

Hi Huuu,

Can you please let me now how to save using Scanwave (step 4)?

Many thanks in advance.

Hi Huuu,

 

Can you please let me now how to save using Scanwave (step 4)?

 

Many thanks in advance.

in the window on scanwave, just type in c:\[your mt4]\experts\files, and then after the analysis has been done, push the button on the right hand side of this window.

hmm.. i find it hard to understand step 5 onwards.. not sure how to save and no idea how to open the "analysed result" in meta4 after restarting ..(how exactly to open the analysed pair into mt4).. pls help me to understand... thanks a ton...

you don't need to open the analysed result, this is automaticall handled by the mt4 indicator. You just have to rename the file only in the way that i described.

I have rename it on to ResultAnalysisEURUSD240, nothing happen when i apply 2.2 indicator on that chart.....i opened the chart EURUSD in MT4 that have been analysed............

6) restart the mt4 platform and open the chart you have analysed, in the above case eurusd240 and load the scanwave indicator 2.2 and in the variable select all options as "true".

2010.12.03 22:35:21 Custom indicator ScanWave Indicator v.0.2.2 EURUSD,H4: loaded successfully

2010.12.03 22:35:21 ScanWave Indicator v.0.2.2 EURUSD,H4: zero divide

2010.12.03 22:36:07 ScanWave Indicator v.0.2.2 EURUSD,H4: initialized

I have rename it on to ResultAnalysisEURUSD240, nothing happen when i apply 2.2 indicator on that chart.....

have you saved it in the experts/file folder?

have turned the external variables on the 2.2 to true?

2010.12.03 22:46:30 FBS Trader 4.00 build 229 started (FBS Inc)

Yap...

And if i dont rename the files look like this on my MT4 :

2010.12.03 23:01:02 ScanWave Indicator v.0.2.2 EURUSD,H4: Ôàéë ResultAnalysisEURUSD240.csv íå îáíàðóæåí, ïîñëåäíÿÿ îøèáêà 4103