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Neely Elliott Wave V 1.2 Forex Indicator For MT4

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.

Used colors

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!

Key Points

  • Based on the Neely method
  • Plots 4 Elliot Waves on the chart
  • Does not repaint
  • Can be deployed on any pair and time frame

Free Download 

Download the “FX5_NeelyElliotWave_v1_2.mq4” MT4 indicator

Indicator Example Chart

The EUR/USD daily chart below displays the FX5 Neely Elliott Wave V 1.2 indicator in action.

Download This Forex Indicator

Download the “FX5_NeelyElliotWave_v1_2.mq4” MT4 indicator

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.