Elliott
Wave Trend-Basic Tutorial 1

Elliott
Wave Trend provide you a lot of features for your trading. Of course many automatic analysis too. Elliott Wave Trend consists of the
following features:

  1. Turning
    point strength
  2. Turning
    Point strength Indicator for multiple time frame scanning
  3. Automatic
    Wave Analysis with Template and Pattern Approach
  4. Manual
    Wave Analysis with Template and Pattern Approach
  5. Wave
    Analysis saving and sharing System

This
tutorial is not necessarily covering everything. But this tutorial will try to give some intuition over the automatic Wave Analysis.
Automatic Wave Analysis is based on the template and pattern approach described in the book: Financial Trading with Five
Regularities of Nature (Scientific Guide to Price Action and Pattern Trading).


Steps
to perform the automatic wave analysis.

For
Automatic Wave Analysis, you can only perform with Impulse and Corrective Waves.

  1. Click
    either Impulse or Correct button
  2. Click
    any wave template in the sub window (i.e. small blue and red circles).
  3. Click
    Draw Line button.
  4. Use
    either position rule or Wave Score to accept and to reject your analysis.
  5. Your
    trading will be based on the levels and turning point projected from your analysis.

When
you want to set any trading alert after you analysis, use our free Auto Chart Alert.

https://algotrading-investment.com/portfolio-item/auto-chart-alert/

Here
are the links for Elliott Wave Trend.

https://algotrading-investment.com/portfolio-item/elliott-wave-trend/

https://www.mql5.com/en/market/product/16479

https://www.mql5.com/en/market/product/16472

If
you need more complete tutorial on this, visit this link:

https://algotrading-investment.com/2018/10/25/how-elliott-wave-can-improve-your-trading-performance/




Source link

Register at Binance