The Elliott Wave Trend indicator was developed for scientific wave counting based on patterns and patterns first developed by Jung Ho Seo. The indicator aims to eliminate as much as possible the fuzziness of the classical Elliott wave counting using patterns and patterns. Thus, the Elliott Wave Trend indicator primarily provides a template for counting waves. Second, it offers the Wave Structural Score, which helps determine the exact wave formation. It counts separately the impulse and correction waves. The structural evaluation shows the quality of the wave patterns. 100% means a good wave pattern. Values below 80% or negative values mean that there may be errors in the analysis. Elliott Wave Trend corrects obvious errors in wave markings, if suddenly the calculation is conducted with non-compliance with the three rules proposed by Ralph Elliott.

But these are not all the powerful features of the Elliott Wave Trend indicator. As soon as the wave marking is completed, the indicator will automatically provide all the important information for trading. First, it will automatically detect all the important Fibonacci retracement levels in the wave layout. Second, it will automatically build the main channel, the acceleration channel, and the deceleration channel. In addition, it will automatically identify some important envelopes for your trading session.

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Note that even though there are many automatic functions in the indicator, some manual operations are still necessary to mark the waves. In addition, you will need the discipline and knowledge of Elliott waves. By studying the waves, you can use the full power of Elliott wave analysis, where the subjectivity of the wave markup is completely controlled.

The Elliott Wave Trend indicator works mainly with buttons and a mouse. A list of buttons that allow you to accurately determine the wave patterns on the chart.

• Pulse: Click this button to start marking up the pulse waves on the chart. If the button is disabled, you will not be able to mark pulse waves on the chart. After clicking on the button, double-click on the graph to place each pulse wave (i.e. waves 1, 2, 3, 4, and 5). After you finish marking the pulse wave, click this button again. After the first double click, the beginning of the wave will appear on the chart (.). Then the labels 1, 2, 3, 4 and 5 will be added.
• Correct: To start marking up the correction waves on the chart, click this button. If the button is disabled, you will not be able to mark the correction waves on the chart. After clicking on the button, double-click on the chart to place each correction wave (i.e. waves A, B, and C). After you finish marking the pulse wave, click this button again. After the first double click, the beginning of the wave will appear on the chart (.). Then the labels A, B, and C will be added .
• DE Label: button to remove the label. When you click on the button, the last added placemark will be removed from the chart.
• DE Cycle 1: Delete cycle button 1. When you click this button, all the labels of the current cycle will be deleted. If the impulse button is pressed, pressing the DE Cycle 1 button will remove all the pulse wave labels of the current cycle, leaving only the correction wave labels. If the correct button is pressed, pressing the DE Cycle 1 button will remove all the correction wave labels of the current cycle.
• DE ALL: Delete all. When you click this button, all labels will be removed.
• Draw Line: Click this button after placing all the placemarks on the chart. The line will automatically connect the placemarks.
• DE Cycle 2: Delete Cycle 2 button. When you click this button, all the lines of the current cycle will be deleted. If the impulse button is pressed, pressing the DE Cycle 2 button will remove all the pulse wave lines of the current cycle, leaving only the correction wave lines. If the correct button is pressed, pressing the DE Cycle 2 button will remove all the correction wave lines of the current cycle.
• DE All Line: Delete all lines. When you click this button, all lines will be deleted.
• Panel: The button shows/hides the information panel. The panel displays the rules for calculating waves.
• WaveTrend: The button shows/hides the trend indicator on the chart. You can use the trend indicator as an additional assistant.
• << : cycle reduction
• > > > : cycle increase

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