📈 Elliott Wave – Fibonacci Levels [LudwigICT]

🔥 Unlock the full power of Elliott Wave Theory combined with dynamic Fibonacci retracements – all automated for you inside cTrader!

This indicator brings professional-grade wave counting and precise Fibonacci zones directly to your charts, making trend forecasting and trade execution easier than ever.

✨ Key Features

🔹 Automatic Wave Detection

• Identifies 5-wave motive structures (1–5).
• Detects 3-wave corrective patterns (A–B–C) immediately after motive completion.

🔹 Dynamic Fibonacci Retracements

• Auto-plots key retracement zones: 0.500 • 0.618 • 0.764 • 0.854.
• Updates in real time with wave development.
• Highlights invalidations with dotted lines.

🔹 Multi-ZigZag Framework

• Runs three independent ZigZag calculations with customizable length & colors.
• Ensures flexible sensitivity for different market conditions.

🔹 Professional Visuals

• Clean wave labels (1)…(5) and (a)(b)(c) placed with ATR-based smart offsets.
• Breakout boxes with bold X markers when levels are breached.
• Gradient-like Fibonacci fill areas for easy spotting.

🔹 Trade Assistance

• Automatic identification of a possible new Wave (1) after A–B–C correction.
• Audio alerts for new waves, invalidations, and breakout signals.

🛠 How to Use

1. Apply to Chart
2. • Simply drag & drop Elliott Wave – Fibonacci Levels [LudwigICT] onto your cTrader chart.
   • Works on all timeframes (scalp, swing, long-term).
2. Customize Parameters
3. • 🎨 Adjust ZigZag lengths & colors.
   • 📏 Tune Fibonacci levels (default: 0.500, 0.618, 0.764, 0.854).
   • ⚙️ Modify label offsets and breakout box settings.
3. Read the Waves
4. • ✅ Waves (1–5) = Motive wave (trend direction).
   • 🔄 Waves (a–b–c) = Corrective wave (countertrend).
   • 📊 Fibonacci levels show likely retracement zones for entries/exits.
4. Trade with Confidence
5. • Enter trades around Fibonacci retracements after a completed motive wave.
   • Manage risk when levels are broken (indicator alerts you automatically).
   • Look for the Next Wave (1) icon to anticipate new trend cycles.

🎯 Why Choose This Indicator?

✅ Saves hours of manual wave counting.
✅ Avoids subjective mistakes in Elliott Wave analysis.
✅ Clean, precise, professional visuals directly on your chart.
✅ Created & optimized by LudwigICT, trusted in trading automation.

🖥 Compatibility

• Platform: cTrader Desktop v5+
• Instruments: Works on Forex, Stocks, Indices, Commodities, Crypto.
• Timeframes: From 1m scalping to weekly swing analysis.

⚡️ Get Started Now

🚀 Add Elliott Wave – Fibonacci Levels [LudwigICT] to your trading arsenal today and take your chart analysis to the next level!

👉 Perfect for traders who rely on price action, structure, and Fibonacci retracements to time their entries and exits with precision.