The FX5 Neely Elliott Wave V 1.2 Forex indicator for Metatrader 4 uses the Neely methodology to plot the Elliott waves on the Forex chart.
After loading the indicator onto the chart, the indicator plots the daily, quarter daily, weekly and monthly Elliott Wave on the MT4 chart, based on the Neely method.
The Neely method uses a Monowave to draw all waves until it changes price direction.
Monthly Elliott Wave: blue-violet
Weekly Elliott Wave: green
Daily Elliott Wave: blue
Quarter daily Elliott Wave: yellow
All waves can be turned ON and OFF (edit the indicator’s inputs and press OK to save the new configuration)
Just try this awesome indicator!
- Based on the Neely method
- Plots 4 Elliot Waves on the chart
- Does not repaint
- Can be deployed on any pair and time frame
Indicator Example Chart
The EUR/USD daily chart below displays the FX5 Neely Elliott Wave V 1.2 indicator in action.
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Adjustable Parameters & Settings
Segment, daily close time, show daily waves, show weekly waves, show monthly waves, show quarter daily waves, colors, width, style.
Feel free to explore the indicator’s different parameters and settings to create your own personalized indicator setup.
More Info About This Indicator
Recommended Currency pairs: Any + Stocks + Commodities + Cryptocurrencies + Gold
Trading Platform: Metatrader 4 (MT4)
Time Frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: Elliot Wave
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.