Elliott Wave Application
From the Old Kings archive: Elliott Wave Application, an indicator for MetaTrader 4. As the name suggests, the idea behind it is wave counting in the Elliott style. In the code it works with MACD, moving averages and Bollinger Bands. It draws arrows on the chart and can send alerts. It has 40 settings, for example Period1 (default 5), Period2 (default 13) and Period3 (default 34). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 11 indicator files with source code (.mq4) you can open and edit in MetaEditor. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Indicator · MT4 · v1.0 · Free
About Elliott Wave Application
Elliott Wave Application is an indicator for MetaTrader 4 based on MACD, Moving Average and Bollinger Bands. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 40 settings, such as Period1, Period2 and Period3. MQL source code included.
Files in the download: Elliott Wave Application\ind\31_Level_ZZ_Semafor.ex4, Elliott Wave Application\ind\31_Level_ZZ_Semafor.mq4, Elliott Wave Application\ind\Awesome_Signal_Alert.ex4, Elliott Wave Application\ind\Awesome_Signal_Alert.mq4, Elliott Wave Application\ind\ColorRSI_Histo_ZeroLine.ex4, Elliott Wave Application\ind\Elliot oscillator - waves 1.02.mq4, Elliott Wave Application\ind\ElliottWaveProphet.ex4, Elliott Wave Application\ind\MT4_GoodTrade mod.mq4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Period1 | 5 | Number of bars in the calculation |
| Period2 | 13 | Number of bars in the calculation |
| Period3 | 34 | Number of bars in the calculation |
| Dev step 1 | 1,3 | Distance between orders |
| Dev step 2 | 8,5 | Distance between orders |
| Dev step 3 | 21,12 | Distance between orders |
| Symbol 1 kod | 140 | |
| Symbol 2 kod | 141 | |
| Symbol 3 kod | 142 | |
| Fast | 5 | |
| Slow | 34 | |
| Signal | 5 | |
| Signal shift | 0 | Bar shift (0 = current bar) |
| Enable signal line alert | true | Turn this alert on or off |
| Enable zero line crossover alert | true | Turn this alert on or off |
| Short period | 5 | Period or timeframe used by the calculation |
| Long period | 35 | Period or timeframe used by the calculation |
| Lines identifier | elliotWaveLines | |
| Lines color | Black | Colour on the chart |
| Lines style | STYLE_DOT | |
| Levels shift right | 10 | Bar shift (0 = current bar) |
| Levels length | 20 | |
| Levels color | Silver | Colour on the chart |
| Levels style | STYLE_SOLID | |
| Alerts on | false | Turn this alert on or off |
| Alerts on current | true | Turn this alert on or off |
| Alerts message | true | Turn this alert on or off |
| Alerts sound | false | Turn this alert on or off |
| Alerts email | false | Turn this alert on or off |
| Block 1 | ||
| History | 1000 | |
| Block 2 | ||
| Begin draw down | 5 | Hour when trading starts (server time) |
| Begin draw up | 5 | Hour when trading starts (server time) |
| Sektor bar | 13 | |
| F period draw | 1 | Number of bars in the calculation |
| Clear opposite | 4 | |
| Block 3 | ||
| Wawe bar | 21 | |
| F draw wawe fibo | FALSE |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Indicators.
- Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
- Open the .mq4 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the indicator from the Navigator onto a chart and adjust the settings.
Tags: Elliott Wave · Buy/Sell Arrows · Alerts · MACD · Moving Average · Bollinger Bands · MT4 Indicator · MQL4 Source Code