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X-Wave-Elliot Metatrader 4 Indicator

    The X-Wave Elliot indicator for Metatrader 4 draws the 5 waves on your charts.

    This is an excellent indicator if you like to take advantage of the Elliot Wave theory, invented by Ralph Nelson Elliott.

    Elliot Wave Basics



    Download the X-Wave-Elliot.mq4 indicator

    EUR/USD Daily Chart Example


    How to install the X-Wave-Elliot custom indicator in Metatrader 4?

    • Download the X-Wave-Elliot.mq4 indicator to your computer.
    • Open your Metatrader 4 platform.
    • Open the data folder from the top menu.
    • Open the MQL4 folder.
    • Open the indicators folder.
    • Paste the indicator file in this folder.
    • Restart the trading platform.
    • Open any trading chart.
    • Attach the indicator to the chart.