Forex Power Elliot Wave Swing Trading Strategy
From the Old Kings archive: Forex Power Elliot Wave Swing Trading Strategy, an indicator for MetaTrader 4. Judging by its name, it is built around wave counting in the Elliott style. In the code it works with moving averages. It draws arrows on the chart and can send alerts. It has 31 settings, for example short Period (default 5), long Period (default 35) and lines Identifier (default elliotWaveLines). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 5 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 Forex Power Elliot Wave Swing Trading Strategy
Forex Power Elliot Wave Swing Trading Strategy is an indicator for MetaTrader 4 based on Moving Average. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 31 settings, such as Short period, Long period and Lines identifier. MQL source code included.
Files in the download: ColorRSI_Histo_ZeroLine.ex4, Elliot oscillator - waves 1.02.mq4, ElliottWaveProphet.ex4, MT4_GoodTrade mod.mq4, THV3 CandleClock.ex4, installation manual.txt, elliott wave trading system.tpl, good trade.tpl.
Settings
| Setting | Default | What it does |
|---|---|---|
| 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 | |
| F draw target level | FALSE | |
| Block 4 | ||
| Dm sdvig | 7 | |
| Dm xvost | 10 | |
| Block 5 | ||
| F draw mini trend | 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: Buy/Sell Arrows · Alerts · Moving Average · MT4 Indicator · MQL4 Source Code