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
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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.