FX5 Neely Elliot Wave Indicator MT4
FX5 Neely Elliot Wave Indicator MT4 — a MetaTrader 4 indicator kept in the Old Kings collection. As the name suggests, the idea behind it is wave counting in the Elliott style. It draws arrows on the chart. It has 18 settings, for example segment 0 (default *** Daily Close Settings), enable Custom Daily Close (default false) and daily Close Time (default 00:00). 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 and a PDF guide. 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 FX5 Neely Elliot Wave Indicator MT4
FX5 Neely Elliot Wave Indicator MT4 is an indicator for MetaTrader 4. It draws buy and sell arrows on the chart. It has 18 settings, such as Segment 0, Enable custom daily close and Daily close time. MQL source code included.
Files in the download: FX5_NeelyElliotWave_v1_2.mq4, Read before installation .pdf.
Settings
| Setting | Default | What it does |
|---|---|---|
| Segment 0 | *** Daily Close Settings *** | |
| Enable custom daily close | false | |
| Daily close time | 00:00 | |
| Segment 1 | *** Waves Display Setting *** | |
| Show monthly waves | true | |
| Show weekly waves | true | |
| Show daily waves | true | |
| Show quarter daily waves | true | |
| Segment 2 | *** Waves Color Settings *** | |
| Monthly waves color | clrBlueViolet | Colour on the chart |
| Weekly waves color | clrGreen | Colour on the chart |
| Daily waves color | clrBlue | Colour on the chart |
| Quarter daily waves color | clrYellow | Colour on the chart |
| Segment 3 | *** SwingPoints Color Settings *** | |
| Monthly swing color | clrYellow | Colour on the chart |
| Weekly swing color | clrFireBrick | Colour on the chart |
| Daily swing color | clrRed | Colour on the chart |
| Quarter daily swing color | clrChocolate | Colour on the chart |
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 · MT4 Indicator · MQL4 Source Code