The Elliott Wave Prophet MT4 indicator draws all Elliott Waves on the Metatrader 4 chart on autopilot.
The following waves are visible on the activity chart:
Wave 1, Wave 2, Wave 3, Wave 4, Wave 5, Wave A, Wave B and Wave C.
In short, Elliott Waves are useful to analyze market cycles and forecast currency market trends.
The indicator can be used across all time frames and works for all currency pairs.
Free Download
Download the “elliott-wave-prophet.mq4” MT4 indicator
Example Chart
The EUR/USD 1 Hour chart below displays the Elliott Wave Prophet Metatrader 4 Forex indicator in action.
Basic Trading Signals
Learn more on Wikipedia how Elliott Waves Work and how to interpret its waves.
Download
Download the “elliott-wave-prophet.mq4” Metatrader 4 indicator
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: Chart pattern indicator
Customization options: Variable (Draw first lines) Colors, width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Type: Elliott Wave
Installation
Copy and paste the elliott-wave-prophet.mq4 into the MQL4 indicators folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Indicators (paste here)