This is a multifunctional Elliott wave analysis program for the MetaTrader 4 trading platform.

You can:

• Instant calculation of waves that match the pattern and degree, at the click of the mouse.
• Instant construction of Andrews forks at the click of the mouse.
• Instant construction of target Fibonacci levels (by price and by time), uniquely configured for each type of wave, at the touch of a single key.
• Instant construction of Fibonacci wave channels, uniquely configured for each type of wave, at the touch of a single key.

Main features:

• You can use the same window to view multiple graphs.
• The indicator automatically hides the objects of other currencies and shows them again when you return to the first one.

• Set the type of pattern that you want to calculate.
• Set the degree.
• Set the color (this will help you distinguish the number of alternative waves).
• Move the cursor when you are ready, just click the “Draw” button.
• If you want to change the position of the wave or select all the labels, just click the “Select” button to select / deselect the wave symbols on the chart.
• After that, you can click the “Bind” button to automatically bind the wave symbols to the maximum and minimum of the bar price, observing the hierarchy of wave levels for all time periods.
• To delete the last wave, simply click on one of the wave patterns, and then click the “DeleteLastLabel” button. The last pattern of your wave will be deleted. Press the button as many times as you need to reach the desired wave and remove it.

[spoiler title=”Read More…”]

• Show/hide the Fibonacci channels when the wave label is selected.
• You can add the desired channel levels.
• You can change the color of both channel lines and channel levels.
• You can change the style of both channel lines and channel levels.
• You can change the thickness of both channel lines and channel levels.

• Show/hide the Fibonacci time zones when the wave label is selected.
• You can change the color of the Fibonacci time zone lines.
• You can change the style of the Fibonacci time zone lines.
• You can change the thickness of the lines of the Fibonacci time zones.

• Show / hide target zones by Fibonacci levels of the next wave when the wave symbol is highlighted.
• You can change the color of the target zone levels.
• You can change the style of the target zone levels.
• You can change the thickness of the target zone levels.
• You can add the desired channel levels.

• Show / hide the pitchfork when the wave label is selected.
• You can change the color of both fork lines and fork levels.
• You can change the style of both fork lines and fork levels.
• You can change the thickness of both fork lines and fork levels.
• You can add the desired fork levels.

• Display of the pointer.
• Hide/display a detailed text description of the wave symbols.
• Delete all objects created with the tool.

Feel free to express your opinion about this tool and let us know if there is a need for improvements.

[/spoiler]