Indicator

Introduction to Elliott Wave Trend

Elliott Wave is a popular trading strategy for many professional traders. It was devised by Ralph Elliott in 1938 for the first time. Elliott Wave Trend was designed for the scientific wave counting based on the template and pattern approach first devised by Young Ho Seo. This tool focuses to get rid of the vagueness of the classic Elliott Wave Counting using the guideline from the template and pattern approach. In doing so, firstly Elliott Wave Trend offers the template for your wave counting. Secondly, it offers Wave Structural Score to assist to identify accurate wave formation. It offers both impulse wave Structural Score and corrective wave Structure Score. Structural Score is the rating to show how good your Elliott Wave pattern is. 100% means that it is good wave pattern. The score below 80% or negative values means that you might have some mistakes in your analysis. Elliott Wave Trend will correct some obvious mistake in your wave counting if the counting goes against the three Wave rules proposed by Ralph Elliott.

The powerful feature of Elliott Wave Trend does not stop there. Once wave counting is done, Elliott Wave Trend will automatically deliver all the important information for your trading. Firstly, it will automatically spot all the important Fibonacci retracement in your wave counting. Secondly, it will automatically draw base channel, acceleration channel and deceleration channel. In addition, it will automatically identify some important envelops for your breakout trading too.

With our Elliott Wave Trend, you can save and load your wave counting for future use. At the same time, you can send your wave counting to your friends or your clients for potential trading advice. Of course, you can also receive the wave counting from other Elliott Wave Technician who uses our Elliott Wave Trend.

To get some idea with how to trade with Elliott Wave, please read the article “How Elliott Wave can Improve Your Trading Performance”: http://tradeinvestsmart.com/2018/03/how-elliott-wave-can-improve-your-trading-performance/


Published Current Version Updated Visits
16 May 2016 10.6 29 July 2018 2919