Elliott Wave.mq4
This Old Kings indicator for MetaTrader 4 is called Elliott Wave.mq4. Judging by its name, it is built around wave counting in the Elliott style. It draws arrows on the chart. It has 7 settings, for example Options (default ===========OPTIONS======), Display Waves (default TRUE) and Display Target (default TRUE). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 1 indicator file 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.mq4
Elliott Wave.mq4 is an indicator for MetaTrader 4. It draws buy and sell arrows on the chart. It has 7 settings, such as Options, Display waves and Display target. MQL source code included.
Files in the download: Elliott wave.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Options | ===========OPTIONS=========== | |
| Display waves | TRUE | |
| Display target | TRUE | |
| Display comment | TRUE | Comment written on the orders |
| Colors | ===========COLORS============ | Colour on the chart |
| Waves | Crimson | |
| Profit target | DarkBlue |
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 · MT4 Indicator · MQL4 Source Code