๐ Elliott Wave Impulse Pro - Automated Wave Scanner for cTrader
Automatic Elliott Wave Detection with Professional Filters
Discover high-probability trading setups based on Elliott Wave Theory โ fully automated, precise, and with intelligent quality filters!
๐ฏ What Makes This Indicator Special?
The Elliott Wave Impulse Pro continuously analyzes the market and identifies precise Wave 1-2-3 impulse patterns. When a high-quality setup forms and Wave 3 begins, you receive a clear buy or sell signal with exact entry, stop-loss, and take-profit levels.
โจ Key Features:
๐ Intelligent Pattern Recognition
- Automatic detection of bullish and bearish Elliott Wave formations
- Precise identification of Wave 0, 1, 2 and Wave 3 projection
- Fibonacci retracement validation (38.2% - 78.6%)
- Only patterns with proven structure are displayed
๐ Unique Wave Quality Score (0-100 points)
- Evaluates each signal based on 4 criteria: Retracement quality, risk/reward, wave strength, and movement smoothness
- Automatically filters out weak setups
- Only high-quality patterns above your minimum score trigger signals
๐ก๏ธ Professional Filter Systems
- Support/Resistance Filter: Signals only at significant S/R zones
- Trend Filter with 200 MA: Choose between with-trend, counter-trend, or both
- Multi-Timeframe Confirmation: Higher timeframe must confirm the signal
- Minimum Risk/Reward Ratio: Only trades with attractive chance-risk ratios
๐ Risk Management Included
- Automatic calculation of entry, stop-loss, and take-profit
- Adjustable TP multipliers (default: 1.618x Wave 1)
- Stop-loss below/above Wave 2 with safety buffer
- Display of R/R ratio for each trade
๐จ Professional Visualization
- Color-coded wave lines (Wave 1, 2, 3 in different colors)
- Buy/sell arrows directly on chart
- Optional: TP/SL lines, entry level, Wave 3 projection
- Clear info panel with all relevant trade data
- Fully customizable colors
๐๏ธ Over 30 Customizable Parameters
Fully adaptable to your trading style:
Base Settings: Lookback period, minimum Wave 1 size, Wave 2 retracement range, minimum R/R ratio
Signal Quality: Wave Quality Score on/off, minimum score (0-100), S/R zone filter, S/R lookback
Trend Filter: Trend alignment on/off, MA period, mode (both/with-trend/counter-trend)
Multi-Timeframe: MTF confirmation, higher timeframe selection (H1, H4, Daily, Weekly), HTF trend MA period
Display Options: Wave lines, TP/SL lines, entry line, Wave 3 projection, info panel
TP/SL Settings: TP multiplier (default: 1.618 - the golden ratio!), SL buffer in pips
Colors: All colors individually customizable
