Innovative
Forex Indicator Elliott Wave Prophet. It is intended, is not
difficult to guess, for assistance in carrying out the wave analysis and can to
some extent predict future price movement based on already generated
waves. Apply Elliott Wave Prophet possible on all currency pairs and all time
frames.
Characteristics
of Elliott Wave Prophet Indicator
- Platform: Metatrader4
- Currency pairs: Any
- Trading Time: Around the clock
- Timeframe: Any
In practice,
traders applying wave analysis, face a number of problems. The main difficulty
here is to determine the wave cycles and structures. In order to facilitate the
work of the trader or the wave analyst developed a special indicator - Elliott
Wave Prophet. Overestimate the ability of such instruments is clearly not worth
it. On the other side, the wave indicators can be very useful in certain stages
of the analysis.
Elliott Wave
Prophet shows already formed waves on the chart. But these properties it is not
limited. This indicator is also able to point out some guidelines for potential
movements. This applies to both impulse and corrective waves. Elliott Wave
Prophet can identify a specific wave cycle, signal the key levels.
To install
the Elliott Wave Prophet need to copy the folder MQL4 in "Open Data
Folder". Restart MT4. Then select the chart and the menu Insert -
Indicators - Custom select this indicator or use our template called Elliott
Wave Prophet Indicator. After selecting the Elliott Wave Prophet settings
window appears in which you can adjust some settings. DrawFirstLines - is the
number of the first wave, which will build the display. Here are the color
settings and mature and predictable waves.
If for some
reasons the trader does not suit automatic construction of wave Elliott Wave
Prophet, then he can always set the your own the initial conditions. To do
this, simply drag the consistently in order of waves on those portions
graphics, where a trader sees a clear structure. Then the indicator your own
generate possible variant of price movement.
Conduct an
analysis of the wave can be a variety of ways. One option might look like this:
at the beginning of the trader makes its visual calculation of the wave
structure, and then uses the wave indicators to compare. Thus, regardless of
the level of training and experience of the wave analyst, Elliott Wave Prophet
Indicator will always be a great help in the analysis of market dynamics.
elliott_wave_Prophet .rar
