6 C
New York
Monday, April 8, 2024

Handbook for the indicator “Elliott Wave Helper” – Different – 20 October 2023

The primary process of the panel is to simplify and pace up the making of wave and technical evaluation. The panel is offered in two variations – for the fourth and fifth variations of the MetaTrader buying and selling terminal.

Earlier than you begin utilizing it, it is strongly recommended to obtain and set up a particular wave font with circles. You possibly can obtain it from this hyperlink. To activate the font within the exterior parameters, reverse “IsFontCircle”, choose “UseCircleFont” from the drop-down menu.

Wave evaluation. Kinds of accessible patterns

  • Impulse(1-2-3-4-5)
  • Zigzag/Flat(A-B-C)
  • triangle(A-B-C-D-E)
  • Double mixture(W-X-Y)
  • Triple mixture(W-X-Y-X-Z)

Wave evaluation. Altering Sample

That is completed by clicking on the down arrow within the drop-down menu.

Wave evaluation. Change of wave order

There are a complete of 9 wave orders, that are chargeable for the place of waves within the hierarchy and for his or her visible show. The down and up arrows positioned to the left of the sample title are chargeable for this. Between the arrows is the order quantity.

Selecting colours for patterns and features

To pick a shade, click on on the big rectangle after which choose from the accessible colours. The chosen shade will apply not solely to the letters and numbers representing wave patterns, but in addition to the degrees and features of technical evaluation.

Making of the wave analasis

With a view to construct a wave sample on the worth chart, you have to click on on the sample button and activate it. After this, click on the required variety of occasions on the display and the sample will seem on the chart.

Wave evaluation. Font

By default the panel makes use of font measurement 12. You possibly can choose it from the drop down menu. You can even make the font daring if you want by urgent the “B” button.

Technical evaluation. Kinds of accessible components

  • Phase – “Development” button
  • Development line – “Development” button + pressed “R” button
  • Assist and resistance degree – “Horiz” button
  • Rectangle – “Sq.” button. The pressed ‘BG‘ button paints the component
  • Triangle – “Trianlge” button. The pressed ‘BG‘ button paints the component

With a view to choose one of many components for development, click on on the drop-down menu, as proven within the image under:

Making of the technical evaluation

The making of technical evaluation components differs from the making of elliott wave evaluation. With a view to construct a line or degree, maintain down the “Shift” key in your keyboard, after which click on on the worth chart.

  • Line or section: Maintain Shift + 2 mouse clicks. 1 click on – the primary level, 2 clicks – the second level.
  • Horizontal assist or resistance degree: Maintain Shift + 1 click on on the required degree.
  • Rectangle: Maintain Shift + 2 clicks. 1 click on is the decrease left border of the rectangle, 2 clicks is the higher proper border (variable).
  • Triangle: Maintain Shift + 3 clicks. Every click on is chargeable for the angle of the triangle.

Technical evaluation. Line varieties

The logic of line kind and thickness has been transferred from the buying and selling terminal. The road on the left is chargeable for the kind of line, the road on the fitting is chargeable for its thickness. Impacts the section, development line and assist or resistance degree.

Background and shade of rectangle and triangle

Not like the colour of letters, numbers and segments, the colour of a rectangle and triangle is configured within the exterior parameters of the indicator. The parameters “ColorTr” (triangle) and “ColorSq” (rectangle) are chargeable for this. The “BG” button is chargeable for portray over the figures.

Working with timeframes

By default, all components of technical and wave evaluation are displayed solely on the timeframe on which you might be working. For instance, in case you are doing evaluation on a each day chart, then all of the letters, numbers and features may even be displayed solely on the each day chart.

In order for you your waves and technical evaluation to be displayed on a number of timeframes, then choose these timeframes within the panel choices earlier than beginning work. That is completed by urgent the “TF” button, as indicated within the image under:

Exterior parameters

  • isFontCircle – Whether or not or to not allow a particular wave font 
  • Selectbutton – Button choice when drawing technical evaluation is activated
  • startCoordinateX – X place of the panel
  • startCoordinateY – Y place of the panel
  • colorTracing – Coloration of stroke traces
  • colorTextBtn – Button font shade
  • colorFonTop – The background shade of the highest a part of the panel (with the title)
  • colorNameHeader – Panel title font shade
  • colorTracingPopup – Define shade of dropdown menus
  • colorTextBtnPopup – Textual content shade of dropdown menus
  • colorFonButtonPopup – Background shade of the dropdown menus
  • colorFonLine – Background shade of informative panel components
  • colorFonButton – Background shade of energetic panel components
  • colorTr – Triangle background shade
  • colorSq – Rectangle  background shade
  • Creator: Siarhei Vashchylka. For any questions, write to me in personal messages. I additionally advocate subscribing to my updates. To do that, comply with the hyperlink to my profile and click on “Add to pals“.

    Related Articles


    Please enter your comment!
    Please enter your name here

    Latest Articles