Elliott Wave for MT4 ... new indicator in progress

I touched on the subject of the ABC123 indicator in the previous video ... it's a sort of MT4 Elliott Waves indicator - yep, only sort of - it doesn't replace the expert eye of an Elliottician.

It's not intended to do perfect Wave counting, at least not at the moment.  But ... it does do the following: -

• On the fly, at the click of a button, pop-up guidance about Elliott Waves - as in the above pic, telling you about the ABC zigzag
• Analysis of Impulsive or Corrective Waves - highlighting the swings and doing sequential labels.  Sometimes, if we're lucky, it just works out to be a good Elliott Wave count or perfect ABC identifier.  More work to be done on this, to fine-tune it.
• Automatic channel drawing - again, not perfect ... yet ... but with an option in eWH you can easily adjust where it starts from.
• Automatic Fibonacci Expansions based on the largest correction within a wave.
• etc.

The picture shows BitCoin H4, at FE127 of a possible ABC correction - the channel working very nicely there. Find an ABC FE100, for example, where price is at the channel boundary and you might just have a very nice trade - spotted in an instant.

The ABC123 indi is still very much work in progress but I've made a video (in my usual rough-and-ready video producing fashion), that shows it in more detail - initially intended for a few of my trading friends who are putting the indi to the test; and already getting some nice trades from it.

​

Drop me an email (or use the contact form) if you would like to try the early version - I'll make it available (for a very reasonable price) as I did the Wave Finder indi if there is enough interest. It only works with eWavesHarmonics though. 

Update May 2021 - I've had a lot of requests from people wanting to try this indi.  It is available for purchase, for a very reasonable fee, for anyone who has a current licence for eWavesHarmonics.   I and many others are using it every day for trading and it has proven its worth countless times, therefore it's no longer freely  available for early trials but I do appreciate your interest in the tool.
​