Elliott Wave Oscillator
Elliott Wave Oscillator — a MetaTrader 4 indicator kept in the Old Kings collection. Judging by its name, it is built around wave counting in the Elliott style. Its source code uses moving averages. It has 8 settings, for example Fast Ma (default 5), Slow MA (default 35) and Price Source (default PRICE_MEDIAN). Try it on a demo chart first and note how its lines or arrows react to new bars. 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 Oscillator
Elliott Wave Oscillator is an indicator for MetaTrader 4 based on Moving Average. It has 8 settings, such as Fast ma, Slow ma and Price source. MQL source code included.
Files in the download: elliott_wave_oscillator.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Fast ma | 5 | |
| Slow ma | 35 | |
| Price source | PRICE_MEDIAN | |
| Smoothing method | MODE_SMA | |
| Desc | *** Moving Average of Values *** | |
| Show ma | true | |
| Ma period | 5 | Period or timeframe used by the calculation |
| Ma method | MODE_SMA |
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: Oscillator · Elliott Wave · Moving Average · MT4 Indicator · MQL4 Source Code