Highly visual, includes potential retracement zones, automated calculations.
import pandas as pd import numpy as np import matplotlib.pyplot as plt mt5 elliott wave indicator
For nearly a century, the Elliott Wave Principle has stood as one of the most sophisticated—and controversial—tools in a trader’s arsenal. Developed by Ralph Nelson Elliott in the 1930s, the theory posits that market prices do not move randomly but unfold in specific repetitive fractal patterns driven by investor psychology (crowd sentiment). includes potential retracement zones
A retracement of Wave 1. It corrects the initial move but must never retrace 100% of Wave 1. mt5 elliott wave indicator