kevs1963 wrote: Wed Dec 10, 2025 8:37 am Nice clean trade!

Hello Kevs, your template looks amazing. Can you share Template and Indis?. Thanks soo much

xard777 wrote: Sun Dec 14, 2025 1:11 am HI, Can you list the conditions and parameters???
Best
Xard777

Based on conditions and parameters here is your indicator in MT5

Elliott Wave Pro v5 Enhanced Indicator - Complete Summary
Overview
This is a sophisticated Elliott Wave pattern recognition and analysis indicator for MetaTrader 5 that automatically detects, validates, and visualizes Elliott Wave patterns with advanced multi-timeframe context and probability scoring.

Key Features
1. Pattern Detection
Automatic Elliott Wave Recognition: Detects 5-wave impulse patterns (0-1-2-3-4-5)

ABC Correction Patterns: Identifies corrective A-B-C patterns following impulses

Multiple Pattern Support: Can track and display multiple patterns simultaneously

Real-time Analysis: Updates automatically on new bars or at configurable intervals

2. Advanced Validation System
Strict Elliott Rules Enforcement:

Wave 3 cannot be the shortest wave

Wave 4 cannot overlap Wave 1 (except for diagonals)

Wave 2 cannot retrace beyond Wave 0

Fibonacci conformity checks

Configurable Strictness: Toggle between strict/relaxed mode

Diagonal Pattern Support: Optional allowance for diagonal patterns

3. Multi-Timeframe Analysis
Higher Timeframe Bias: Incorporates H1 and H4 timeframe analysis

Market Context Integration: Considers broader market trends

Trend Strength Assessment: Determines if market is trending or ranging

4. Intelligent Scoring System
Composite Score (0-100) with weighted components:

30% Fibonacci Conformity: Wave retracement and extension accuracy

15% Volume Confirmation: Volume increase during impulse waves

20% Momentum Alignment: Price movement consistency with wave direction

15% Time Symmetry: Proportional wave time durations

20% Market Context Alignment: Agreement with higher timeframe bias

5. Technical Components
Pivot Point Detection: Advanced swing point identification with ATR filtering

ATR-Based Filtering: Minimum swing size based on market volatility

Volume Analysis: Volume confirmation for pattern validity

Trend Analysis: Moving average-based trend determination

6. Visualization Features
Complete Wave Drawing: Automatic drawing of wave labels (0-5 or A-B-C)

Fibonacci Levels: Displays key Fibonacci retracement levels (23.6%, 38.2%, 50%, 61.8%, 78.6%)

Price Targets: Projects wave 5 completion targets

Statistics Panel: Real-time display of market context and pattern information

Color Coding: Different colors for bullish/bearish and impulse/corrective patterns

7. Alert System
Configurable Alerts: Audio, visual, and push notification options

Quality Thresholds: Only alerts on high-scoring patterns (≥70/100)

Pattern Status Alerts: Notifies on confirmed patterns

8. Performance Optimizations
Refresh Rate Control: Configurable update frequency (default 500ms)

Auto-update Toggle: Process only on new bars or continuously

Memory Management: Automatic cleanup of old drawing objects

Efficient Search: Configurable search depth to balance accuracy/speed

Input Parameters
General Settings
Auto-update, alert systems, refresh rate control

Pattern Detection
Pivot confirmation bars, minimum/maximum pivots, ATR filtering

Wave Rules
Strict mode, diagonal allowance, Fibonacci retracement ranges

Multi-Timeframe Analysis
Higher timeframe selection, analysis depth

Display Settings
Color schemes, line styles, visibility toggles

Advanced Scoring
Weight adjustments for different scoring components

Output Information
Visual Outputs
Wave Labels: Numbers (0-5) for impulse waves, letters (A-B-C) for corrections

Trend Lines: Connecting wave pivot points

Fibonacci Levels: Horizontal lines at key retracement levels

Price Targets: Projected completion levels for Wave 5

Statistics Panel: Market context and pattern information

Text Information
Pattern Score: Quality assessment (0-100)

Market Bias: Bullish/Bearish/Neutral based on multi-timeframe analysis

Volatility: Current market volatility percentage

Trend Status: Trending/Ranging determination

Pattern Count: Number of detected patterns

Algorithm Flow
Data Collection: Gather price, volume, and time data

Pivot Detection: Identify swing highs/lows with ATR filtering

Market Analysis: Assess multi-timeframe context

Pattern Search: Scan for valid Elliott Wave sequences

Validation & Scoring: Apply rules and calculate quality scores

Visualization: Draw patterns, Fibonacci levels, and information

Alerting: Trigger notifications for high-quality patterns

Technical Advantages
Accuracy Improvements
Multi-factor validation beyond basic Elliott rules

Market context consideration reduces false signals

Volume confirmation adds reliability dimension

Time symmetry analysis improves pattern identification

Performance Features
Configurable search depth balances speed/accuracy

Efficient memory management prevents resource leaks

Real-time optimization with refresh rate control

Selective drawing based on pattern quality thresholds

User Experience
Clean visualization with organized information display

Configurable appearance to suit different trading styles

Comprehensive alerts for timely notifications

Clear statistics for quick market assessment

Use Cases
For Traders
Pattern Identification: Automatically spot Elliott Wave setups

Trade Confirmation: Use pattern scores for entry/exit decisions

Market Analysis: Understand broader market context

Risk Management: Use Fibonacci levels for stop-loss placement

For Analysts
Technical Analysis: Enhance manual Elliott Wave analysis

Backtesting: Historical pattern identification and analysis

Market Studies: Research wave characteristics and probabilities

Strategy Development: Build trading systems around detected patterns

Limitations & Considerations
Not 100% Predictive: Elliott Wave theory is probabilistic, not deterministic

Requires Sufficient Data: Needs adequate historical bars for accurate analysis

Subjectivity: Some wave interpretations may vary

Complex Markets: May struggle in highly volatile or news-driven markets

Best Practices
Use as Confirmation Tool: Combine with other indicators for higher probability

Consider Timeframe Alignment: Trade in direction of higher timeframe bias

Focus on High-Score Patterns: Prioritize patterns with scores >70

Monitor Context Changes: Watch for shifts in market bias or volatility

Combine with Price Action: Use support/resistance levels with wave projections

This indicator represents a comprehensive Elliott Wave analysis tool that combines traditional wave theory with modern technical analysis techniques for improved pattern recognition and trading decision support.

I would say best use on BTCUSD would be 1hr TF
Best,
Xard777

xard777 wrote: Sun Dec 14, 2025 3:00 pm Based on conditions and parameters, here is your indicator in MT5
Elliott Wave Pro v5 Enhanced Indicator - Complete Summary
Best,
Xard777

Awesome, thanks Xard777!

I see your AI coding setup is working like a charm

Regards,
Beatle