RoyalPrince Elliot Wave Signal Indicator

Overview of RoyalPrince Elliot Wave Signal Indicator

• This indicator integrates the Elliott Wave theory to analyze market trends and potential price movements.
• It features both automatic and manual operation modes for flexibility in trading strategies.
• Designed for use with MetaTrader platforms, especially for swing trading.

Automatic Mode Functionality

• Automatically detects and labels all five motive waves based on Elliott Wave principles.
• Predicts reversal zones and generates alerts for crucial price movements.
• Streamlines the analysis process and reduces the need for constant manual monitoring.

Manual Mode Advantages

• Traders can draw waves using nine different grades, allowing for personalized wave structure identification.
• Each wave can be adjusted and saved for future reference, facilitating detailed analyses over time.
• Suitable for experienced traders who prefer hands-on market evaluations. 🎨

Alert Systems

• Active alert system sends notifications for significant market developments.
• Notifications can include on-screen alerts, push notifications, and emails to ensure traders stay updated.
• Alerts can be customized to the trader's preferences, enhancing user experience and market responsiveness.

Input Parameters and Customization

• Users can modify various parameters, including wave colors, alert settings, and the number of historical bars analyzed.
• The intuitive interface allows traders to set and adjust filters linked to market conditions.
• Candle counters provide additional context about market timing and wave structure. ⏰

User Reception

• The indicator is well-rated, highlighting its effectiveness in helping traders identify optimal entry and exit points.
• Users have shared positive experiences, particularly in its reliability for predicting market reversals.
• Feedback suggests that while the automatic mode is efficient, the manual mode adds significant value for advanced analysis.