Elliot Wave Prediction
Elliot Wave Prediction is our interpretation of Elliot Wave Theory wrapped up into one indicator. Essentially, this indicator tries to evaluate trends via Elliot Wave counts and then executes trades based on these counts. This indicator is quite experimental, as there isn't a generic Elliot Wave indicator for automated software usage.
- Exchange Website to monitor
- Currency Pair to monitor for trade signals
- Update Speed
- Trade Signals
- Number of candles (or time periods) before an action is taken.
This indicator is designed for long time periods (1 hour to 12 hours) so that clear trends can be spotted via the methodology of Elliot Wave theory. This would not do well in short time intervals as there is quite a lot of noise that can lead to overtrading and false signals.