Why use the Advanced Elliott Wave indicator?

The Advanced Elliott Wave indicator contains everything you need to trade Elliott Waves. It will help you spot trend cycles with key price levels. The indicator is particularly suitable for swing traders and long-term investors.

1. Automatic Elliott Wave Detection

Any trader who has ever used the Elliott Wave method knows it can be time-consuming to plot waves on a chart correctly. Automatically displaying Elliott Waves will save you valuable time.

You’ll detect the beginning of corrective phases and new bullish cycles at a glance:

✅ You will spot Elliott Waves at a glance on your charts

2. Fibonacci Levels Display

The indicator allows the display of Fibonacci retracements and extensions on the selected wave.

The retracements will help you anticipate the depth of the correction:

The extensions will help you set your price target:

✅ You will evaluate the coming key price levels

3. Anticipate the Market Corrections

A market correction often follows five impulsive waves. The Advanced Elliott Wave indicator displays the waves when the algorithm recognizes a complete impulsive cycle.

When you see the indicator drawing the fifth impulsive wave, you can consider that a correction may occur:

✅ You will cover or secure your long positions

4. Profit from the Start of the Uptrend

Bear markets can provide opportunities, but no one can say how far they will fall. Even if the third corrective wave often indicates the correction’s end, this is insufficient to buy the market. The Advanced Elliott Wave indicator provides consistent buying signals.

It detects the breakout and retest of waves (5) and (B) and displays the signal on your chart:

✅ You will benefit from the whole coming uptrend

5. Improve your Performance

Although key-level breakouts provide excellent signals, you can improve the performance of this strategy. The Advanced Elliott Wave indicator allows for signal confirmation. You will activate breakout and retest validation or apply volume and divergence filters.

Thanks to these built-in filters, you will increase the success rate of your trades:

✅ You will focus on the best trade opportunities

6. Manage Risk with Target and Stop-loss

Risk management is essential in trading. Often neglected by traders, limiting losses and securing profits will determine your trading performance.

The Advanced Elliott Wave indicator displays the targets and stop-losses on the price chart:

✅ You will maximize your profits and control your risk

7. Trading Alerts

The Advanced Elliott Wave indicator allows for trading alert activations. The Prorealtime platform will notify you when the price breaks a key level.

You will create an alert on all assets in all timeframes:

✅ You will never miss a trade opportunity again

8. Adapt the Indicator to Your Needs

The indicator is fully customizable. You can select the type of corrective waves, choose the signals, apply filters, display Fibonacci levels, and customize the display.

✅ You will adapt the indicator to your trading style

9. Backtest and Automated trading

The Advanced Elliott Wave indicator is perfectly integrable in a backtest. The following strategy opens a long entry after the breakout of the B Wave with volumes and strength. It closes the entry on the 261.8% Fibonacci level:

✅ You will backtest your strategies and create trader bots

Online Documentation

I provide comprehensive documentation that describes the usage and settings of the indicator. I also provide an example of code you can use to backtest your strategies and create an automated trading system.

You can consult this documentation at any time on this page:

Advanced Elliot Wave Documentation

LIFETIME LICENSE – UPDATES INCLUDED

* Compatible with Prorealtime V11 & V12 *