🌊 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 – fully automated, precise, and with intelligent quality filters!

🎯 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.

✨ Key Features:

🔍 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

📊 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

🛡️ 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

💎 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

🎨 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

🎛️ 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