Guide 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 suggested to obtain and set up a particular wave font with circles. You may obtain it from this hyperlink. To activate the font within the exterior parameters, reverse “IsFontCircle”, choose “UseCircleFont” from the drop-down menu.

Wave evaluation. Forms of obtainable 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 achieved 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 answerable 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 answerable for this. Between the arrows is the order quantity.

Selecting colours for patterns and contours

To pick out a coloration, click on on the massive rectangle after which choose from the obtainable colours. The chosen coloration will apply not solely to the letters and numbers representing wave patterns, but additionally to the degrees and contours of technical evaluation.

Making of the wave analasis

With the intention to construct a wave sample on the worth chart, it’s worthwhile to click on on the sample button and activate it. After this, click on the required variety of instances on the display and the sample will seem on the chart.

Wave evaluation. Font

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

Technical evaluation. Forms of obtainable parts

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

With the intention to choose one of many parts for building, click on on the drop-down menu, as proven within the image beneath:

Making of the technical evaluation

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

  • Line or phase: Maintain Shift + 2 mouse clicks. 1 click on – the primary level, 2 clicks – the second level.
  • Horizontal help or resistance stage: Maintain Shift + 1 click on on the required stage.
  • 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 answerable for the angle of the triangle.

Technical evaluation. Line sorts

The logic of line kind and thickness has been transferred from the buying and selling terminal. The road on the left is answerable for the kind of line, the road on the appropriate is answerable for its thickness. Impacts the phase, pattern line and help or resistance stage.

Background and coloration 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 answerable for this. The “BG” button is answerable for portray over the figures.

Working with timeframes

By default, all parts of technical and wave evaluation are displayed solely on the timeframe on which you’re working. For instance, if you’re doing evaluation on a day by day chart, then all of the letters, numbers and contours will even be displayed solely on the day by 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 achieved by urgent the “TF” button, as indicated within the image beneath:

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 – Colour of stroke strains
  • colorTextBtn – Button font coloration
  • colorFonTop – The background coloration of the highest a part of the panel (with the title)
  • colorNameHeader – Panel title font coloration
  • colorTracingPopup – Define coloration of dropdown menus
  • colorTextBtnPopup – Textual content coloration of dropdown menus
  • colorFonButtonPopup – Background coloration of the dropdown menus
  • colorFonLine – Background coloration of informative panel parts
  • colorFonButton – Background coloration of lively panel parts
  • colorTr – Triangle background coloration
  • colorSq – Rectangle  background coloration
  • Creator: Siarhei Vashchylka. For any questions, write to me in non-public messages. I additionally suggest subscribing to my updates. To do that, comply with the hyperlink to my profile and click on “Add to pals“.