


๐ Elliott Wave โ Fibonacci Levels [LudwigICT]
๐ฅ Unlock the full power of Elliott Wave Theory combined with dynamic Fibonacci retracements โ 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.
โจ Key Features
๐น Automatic Wave Detection
- Identifies 5-wave motive structures (1โ5).
- Detects 3-wave corrective patterns (AโBโC) immediately after motive completion.
๐น Dynamic Fibonacci Retracements
- Auto-plots key retracement zones: 0.500 โข 0.618 โข 0.764 โข 0.854.
- Updates in real time with wave development.
- Highlights invalidations with dotted lines.
๐น Multi-ZigZag Framework
- Runs three independent ZigZag calculations with customizable length & colors.
- Ensures flexible sensitivity for different market conditions.
๐น Professional Visuals
- Clean wave labels
(1)โฆ(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.
๐น Trade Assistance
- Automatic identification of a possible new Wave (1) after AโBโC correction.
- Audio alerts for new waves, invalidations, and breakout signals.
๐ How to Use
- Apply to Chart
- Simply drag & drop Elliott Wave โ Fibonacci Levels [LudwigICT] onto your cTrader chart.
- Works on all timeframes (scalp, swing, long-term).
- Customize Parameters
- ๐จ Adjust ZigZag lengths & colors.
- ๐ Tune Fibonacci levels (default: 0.500, 0.618, 0.764, 0.854).
- โ๏ธ Modify label offsets and breakout box settings.
- Read the Waves
- โ
Waves
(1โ5)
= Motive wave (trend direction). - ๐ Waves
(aโbโc)
= Corrective wave (countertrend). - ๐ Fibonacci levels show likely retracement zones for entries/exits.
- โ
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.
๐ฏ Why Choose This Indicator?
โ
Saves hours of manual wave counting.
โ
Avoids subjective mistakes in Elliott Wave analysis.
โ
Clean, precise, professional visuals directly on your chart.
โ
Created & optimized by LudwigICT, trusted in trading automation.
๐ฅ Compatibility
- Platform: cTrader Desktop v5+
- Instruments: Works on Forex, Stocks, Indices, Commodities, Crypto.
- Timeframes: From 1m scalping to weekly swing analysis.
โก๏ธ Get Started Now
๐ Add Elliott Wave โ Fibonacci Levels [LudwigICT] to your trading arsenal today and take your chart analysis to the next level!
๐ Perfect for traders who rely on price action, structure, and Fibonacci retracements to time their entries and exits with precision.