Elliott Wave Indicator for MT4 (Can anyone help fixing it, please?)

sangnakhon

Trader
Apr 22, 2016
17
5
9
48
It's Elliot Wave count indicator based on Thomas Demark's concept.
It's objective way to count wave.
I need to be fix 2 things.
1. It delete all other lines.
Pls. fix it just delete the lines, it creates.
2. This indicator just count wave uptrend.
Pls. finish it other half by count wave downtrend too.

I tried many times, but can't. So if anyone can help, Please.
 

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Enivid

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Nov 30, 2008
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OK, it took some time, but I have fixed this EW counter:
  1. It will now only delete objects, which it has created (controlled via prefix parameter objectPrefix).
  2. It will now count downtrend Elliott Waves too.
  3. It should now be compatible with latest changes in MetaTrader 4 and MQL4 language (post Build 600 updates).
  4. The code is now more manageable, so further changes should now be easier.
Please let me know if you find any bugs.
 

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sangnakhon

Trader
Apr 22, 2016
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5
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Can we have a choice of having only number count without line of the wave, so it won't look messy on the chart ?
And also when upwave and downwave count come to the same place, can we shift one up in stead of being in the same point,
so it's easier to see ? And also I think it's better to attach the book by Demark, so you'll understand the concept behind it better and aslo can check wherther the concept is the same as of Demark's .
TD D Wave appears in the book at the pages 69-90.
Thanks in advance.
 

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Enivid

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Version 1.01 addresses these two issues. it is attached here.
You can now set ShowLines to false to disable lines and leave numbers/letters only to mark the waves.
You can also now set different SpaceUp (Position of marker for Up waves) and SpaceDn (Position of marker for Down waves) to avoid overlapping letters/numbers.

By the way, the indicator is rather glitchy. Sometimes, it can show waves going backwards. I am not sure why does this happens.
 

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sangnakhon

Trader
Apr 22, 2016
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5
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Sometime wave 0 & 2 appear at the same place. Also I think wave is supposed to be up or down, but not the same time.
Can you please check the indicator with the concept in the book ?
Thanks.
 

Enivid

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Nov 30, 2008
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Sorry @Vitalfx. I could not make anything out of this indicator. It looks like someone has already tampered with the code breaking it significantly. I would even assume that someone either decompiled it and tried to make a sense out of it, or intentionally obfuscated the code.
 

Nomad

Trader
Jan 15, 2019
1
0
6
Australia
Hello ! Has anyone used these indicators with good success rate ? . Just wondering because I am looking for an elliott Wave Price Target indicator ( future) and a reversal candle indicator .. Anyone ?.. I will try them out .. Thank you !