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.
The current implementation of this Indicator may change in the future to allow it to function better and/or closer to Elliot Wave counts.
Interface
Supported license & Trade types
General Settings
Exchange Website to monitor
Currency Pair to monitor for trade signals
Update Speed
Trade Signals
Tip: The exchange doesn't have to be the same exchange you are currently trading on.
Indicator Settings
Length
Number of candles (or time periods) before an action is taken.
Usage
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.
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