Elliott Wave Impulse Pro is an automated indicator for the cTrader platform that detects Elliott Wave impulse patterns (Waves 0, 1, 2, and 3) in real time. It identifies bullish and bearish setups with professional filters, including Fibonacci retracement validation and support/resistance zone confirmation. The indicator provides precise buy or sell signals at the start of Wave 3, complete with calculated entry, stop-loss, and take-profit levels.
Key features include an intelligent pattern recognition system that displays only well-structured waves, and a unique Wave Quality Score (0-100) that evaluates signals based on retracement quality, risk/reward ratio, wave strength, and movement smoothness. Professional filters allow users to customize trend alignment using a 200-period moving average, multi-timeframe confirmation, and minimum risk/reward thresholds to ensure high-probability trades.
Risk management tools automatically calculate trade parameters with adjustable take-profit multipliers based on the golden ratio (1.618x Wave 1) and safety buffers for stop-loss placement. The indicator offers professional visualization with color-coded wave lines, trade arrows, optional display of TP/SL lines, and an info panel showing relevant trade data. Over 30 customizable parameters enable adaptation to various trading styles and preferences.
Supported markets include Forex, indices, commodities, stocks, and cryptocurrencies such as BTCUSD, EURUSD, GBPUSD, XAUUSD, and NAS100.