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Elliott Waves Auto Detection + Fibonacci
Logo "Elliott Waves Auto Detection + Fibonacci"
01/11/2025
Desktop
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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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