The indicator shows the real waves of four timeframes (optional) on the current chart, showing the wave structure of the market. The indicator is able to track the formation of waves in real time, informs the trader about the end of the wave formation of the current or higher timeframe. Allows you to visualize waves starting from the current timeframe and higher. Convenient and customizable visualization of the wave structure of the market.

When using this indicator, there is no need to manually apply the wave marking of working timeframes. The wave detection algorithm has nothing to do with ZigZag. The indicator will be very useful for traders trading on the basis of wave analysis, applying the Elliott wave theory. The indicator works on any instruments (currency pairs, stock market, gold, etc.), without requiring settings for each instrument.

• QuantityOfBars – The depth of viewing the history in bars. If there is a large history in the terminal, it is necessary to limit the depth of viewing the history with the indicator.
• Working bar: from 0 to 2-A parameter that allows you to change the bar, at the end of which the indicator will determine the relevance of the last extremum.
• TimeFrames of the waves you want to see – timeframes whose waves you want to see on the current chart. The parameter can be set from “1 minute” to “1 month”. If the specified timeframe is less than the current one, the specified timeframe will be set equal to the current timeframe.
• TimeFrame_1=5 Minutes;
• TimeFrame_2=15 Minutes;
• TimeFrame_3=30 Minutes;
• TimeFrame_4=1 Hour;
• Show the waves of timeframes – show the waves of this timeframe on the current chart, can take the values ” true “or”false”.
• show_waves_TimeFrame_1=true;
• show_waves_TimeFrame_2=true;
• show_waves_TimeFrame_3=true;
• show_waves_TimeFrame_4=true;

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• TimeFrame_1=5 Minutes;
• TimeFrame_2=15 Minutes;
• TimeFrame_3=30 Minutes;
• TimeFrame_4=1 Hour;

• show_waves_TimeFrame_1=true;
• show_waves_TimeFrame_2=true;
• show_waves_TimeFrame_3=true;
• show_waves_TimeFrame_4=true;

Screenshot 1 shows the indicator parameters.

Screenshot 2-3 shows examples of automatic wave marking on the M5 timeframe with M5, M15, M30, and H1 waves.

Screenshot 4 shows an example of automatic wave marking on the M1 timeframe with M5, M15, M30 and H1 waves.

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