Drawing Elliott 5 Waves - MetaTrader 4 Script | Trading Script Download - MT4/MT5 Resources
Manually draw Elliott waves (5 waves).
1. Navigator window (Ctrl + N) to execute this script on the chart (double click).
2. The left side of the chart displays "0 1 2 3 4 5" (blue). Double click on the numbers 0->5 and drag them to possible positions.
3. Unselect all (right click on any number 0-5),
4. Delete the script to complete (right click on the chart, select Delete Script)
Attachment download
📎 elliotte5wave.mq4 (32.03 KB)
Source: MQL5 #15758
Drawing Elliott 5 Waves - MetaTrader 4 Script | Trading Script Download - MT4/MT5 Resource Usage and Screening Suggestions
Drawing Elliott 5 Waves - MetaTrader 4 Script | Trading Script Download - MT4/MT5 resources are trading script related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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