Manual for the indicator “Elliott Wave Helper” – Other – 20 October 2023

Wave analysis. Types of available patterns

• Impulse(1-2-3-4-5)
• Zigzag/Flat(A-B-C)
• triangle(A-B-C-D-E)
• Double combination(W-X-Y)
• Triple combination(W-X-Y-X-Z)

Wave analysis. Changing Pattern

This is done by clicking on the down arrow in the drop-down menu.

Wave analysis. Change of wave order

There are a total of 9 wave orders, which are responsible for the position of waves in the hierarchy and for their visual display. The down and up arrows located to the left of the pattern name are responsible for this. Between the arrows is the order number.

Choosing colors for patterns and lines

Making of the wave analasis

In order to build a wave pattern on the price chart, you need to click on the pattern button and activate it. After this, click the required number of times on the screen and the pattern will appear on the chart.

Technical analysis. Types of available elements

• Segment – “Trend” button
• Trend line – “Trend” button + pressed “R” button
• Support and resistance level – “Horiz” button
• Rectangle – “Square” button. The pressed ‘BG‘ button paints the element
• Triangle – “Trianlge” button. The pressed ‘BG‘ button paints the element

Making of the technical analysis

The making of technical analysis elements differs from the making of elliott wave analysis. In order to build a line or level, hold down the “Shift” key on your keyboard, and then click on the price chart.

• Line or segment: Hold Shift + 2 mouse clicks. 1 click – the first point, 2 clicks – the second point.
• Horizontal support or resistance level: Hold Shift + 1 click at the required level.
• Rectangle: Hold Shift + 2 clicks. 1 click is the lower left border of the rectangle, 2 clicks is the upper right border (variable).
• Triangle: Hold Shift + 3 clicks. Each click is responsible for the angle of the triangle.

Background and color of rectangle and triangle

Unlike the color of letters, numbers and segments, the color of a rectangle and triangle is configured in the external parameters of the indicator. The parameters “ColorTr” (triangle) and “ColorSq” (rectangle) are responsible for this. The “BG” button is responsible for painting over the figures.

External parameters

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