The Nelly Elliott Wave Forex indicator for mt4 (Metatrader 4) transforms the complicated Elliott Waves theory into an easy-to-read Elliott Waves indicator.
The Nelly Elliott Wave is based on price action and can be used in multiple ways.
The indicator can be used for both trade entry and exit, or as an additional confirmation filter for other strategies and systems.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download
Download the “nelly elliot wave.mq4” indicator for MT4
Indicator Chart (EUR/USD H1)
The picture below shows the Nelly Elliott Wave mt4 indicator in action on the trading chart.
Tips:
Feel free to use your own favorite trade entry, stop loss and take profit strategy to trade with the Nelly Elliott Wave Forex indicator.
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
Please note that even the best trading indicator cannot yield a 100% win rate over long periods.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Trade Style: Works for scalping, day trading and swing trading
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: Elliott Wave
Does the indicator repaint? No.
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Download the “nelly elliot wave.mq4” indicator for Metatrader 4
