


π Elliott Wave β Fibonacci Levels [LudwigICT]
π₯ Unlock the full power of Elliott Wave Theory combined with dynamic Fibonacci retracements β 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.
β¨ Key Features
πΉ Automatic Wave Detection
- Identifies 5-wave motive structures (1β5).
- Detects 3-wave corrective patterns (AβBβC) immediately after motive completion.
πΉ Dynamic Fibonacci Retracements
- Auto-plots key retracement zones: 0.500 β’ 0.618 β’ 0.764 β’ 0.854.
- Updates in real time with wave development.
- Highlights invalidations with dotted lines.
πΉ Multi-ZigZag Framework
- Runs three independent ZigZag calculations with customizable length & colors.
- Ensures flexible sensitivity for different market conditions.
πΉ Professional Visuals
- Clean wave labels
(1)β¦(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.
πΉ Trade Assistance
- Automatic identification of a possible new Wave (1) after AβBβC correction.
- Audio alerts for new waves, invalidations, and breakout signals.
π How to Use
- Apply to Chart
- Simply drag & drop Elliott Wave β Fibonacci Levels [LudwigICT] onto your cTrader chart.
- Works on all timeframes (scalp, swing, long-term).
- Customize Parameters
- π¨ Adjust ZigZag lengths & colors.
- π Tune Fibonacci levels (default: 0.500, 0.618, 0.764, 0.854).
- βοΈ Modify label offsets and breakout box settings.
- Read the Waves
- β
Waves
(1β5)
= Motive wave (trend direction). - π Waves
(aβbβc)
= Corrective wave (countertrend). - π Fibonacci levels show likely retracement zones for entries/exits.
- β
Waves
- Trade with Confidence
- 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.
π― Why Choose This Indicator?
β
Saves hours of manual wave counting.
β
Avoids subjective mistakes in Elliott Wave analysis.
β
Clean, precise, professional visuals directly on your chart.
β
Created & optimized by LudwigICT, trusted in trading automation.
π₯ Compatibility
- Platform: cTrader Desktop v5+
- Instruments: Works on Forex, Stocks, Indices, Commodities, Crypto.
- Timeframes: From 1m scalping to weekly swing analysis.
β‘οΈ Get Started Now
π Add Elliott Wave β Fibonacci Levels [LudwigICT] to your trading arsenal today and take your chart analysis to the next level!
π Perfect for traders who rely on price action, structure, and Fibonacci retracements to time their entries and exits with precision.