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Elliott Waves Auto Detection + Fibonacci

01/11/2025
Desktop




Elliott Waves Auto Detection + Fibonacci by PrimeQuant
- 🚀 What it does
Automatically detects Elliott 1–5 motive and a–b–c corrective waves, then plots smart Fibonacci zones from the completed motive leg. - 🧭 Clear, readable visuals
Boxed wave labels (1 2 3 4 5 a b c) with adjustable size, text color, and backgrounds for instant structure recognition. - 📐 Adaptive Fibonacci areas
Pre-set levels (0.500 / 0.618 / 0.764 / 0.854) with a customizable area fill for “normal” vs “broken” conditions—see shifts at a glance. - 📦 Breakout anticipation
Automatic breakout box after the corrective (C) completes, plus bold breach markers to highlight validation/invalidations. - 🎛️ Highly configurable
Three independent ZigZag layers, label offset by ATR, show/hide base lines, pick colors for everything (zigzags, labels, Fib fills). - 🔔 Event cues
Optional sound cues on key formation updates (motive completion, correction confirmation, next-wave possibility). - 🧩 Plays nice with others
Designed for multiple instances on the same chart and for multi-timeframe workflows. - 📊 Great for
Trend continuation, pullback entries near Fib zones, structure confirmation, and risk placement around C-leg invalidations. - 🛠️ Key parameters
- Source prices for highs/lows (High/Low/Close variations)
- ZigZag lengths & colors for three layers
- Wave Labels: size, BG/Text/Border colors, auto-contrast toggle
- Fibonacci Visuals: separate Normal and Broken area fill colors
- Label offset via ATR multiplier
- Show/hide base zigzag lines
- 💡 Workflow tip
Use the Fib area as a decision zone: if price rejects the zone, look for continuation; if it breaks, switch to invalidation/alternative count. - 🧱 PrimeQuant polish
Subtle top-center title banner (“by PrimeQuant”), modern defaults, and performance-safe drawing for smooth charting. - 📦 Included
Elliott wave detection, Fib zones with configurable fills, breakout box logic, boxed labels, and sound notifications. - ✅ Compatibility
cTrader Automate (Indicator). Works on Forex, Indices, Commodities, Crypto, and Stocks across timeframes. - 📘 Notes
Elliott waves can have alternates—this tool accelerates objective markup and zone planning, not discretionary judgment.
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