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Elliott Waves

Download the best free trading indicator by Orbex!

+ EW user guide eBook

"High Accuracy & Success Rate
MT4/MT5 Compatible
User Guide eBook
Combined with Fibonacci Retracements

About the Orbex Elliott Waves indicator

The Elliott Waves indicator was developed by the Orbex Research and Analysis team to help traders identify strong Buy or Sell signals on the price action of any asset, including trend reversals, trend continuations, and consolidations.

When you register to receive your exclusive Orbex Elliott Waves Indicator, you will be able to:

  • Download it directly on your MT4 or MT5 platform.
  • Draw impulse and correction waves on the chart.
  • Combine Elliott Waves with Fibonacci Retracements.
  • Determine reflection waves with an accuracy of up to 83%.
  • Learn the basics of Elliott Waves, and how to use the indicator with an exclusive free eBook!
Icon depicting trading tools and charts
Trading involves a high level of risk 

Why Choose Orbex

Wide Range of Assets
Wide Range of AssetsBuy or Sell the World’s biggest markets including more than 400 currency pairs, stocks, indices, commodities and more!
Low Trading Costs from $0
Low Trading Costs from $0Lower your costs with $0 fees, 0 spreads and $0 commissions on 200+ US stocks.
Live Education & Analysis
Live Education & AnalysisLearn everything there is to know about trading from Orbex’s team of leading analysts and trading experts!
Advanced Tools & Platforms 
Advanced Tools & Platforms  Trade on the World’s No.1 platform with 0.03s avg. execution and   access exclusive market-scanning tools.
24/5 Expert Support
24/5 Expert Support Get all the help you need with your trading from Orbex’s multilingual support team.
Fast Deposits & Withdrawals
Fast Deposits & Withdrawals Deposit in your preferred method, start trading and enjoy same-day credit card withdrawals.

Not ready to trade using Elliot Waves on a live account?
Try our risk-free Demo Account!

Whether you are a beginner looking to learn the ropes of online trading or are just interested in testing your new Elliott Wave indicator in a live market environment before investing with real funds, our Demo Account is the best place to start. Simply register, open an Orbex Demo Account, and put your new EW indicator to the test! 

Trading involves a high level of risk

Frequently Asked Questions

The Elliott Wave indicator can help you identify impulse waves that establish the direction of the trend and corrective waves that retrace the trend. The indicator can also help you measure the strength and duration of each wave, as well as the potential reversal points. The indicator can be applied to any market, timeframe, or trading instrument, as long as there is sufficient price data to form a pattern! 

The indicator can help you draw waves, number them, and choose their type on all time frames on your MetaTrader 4 or MetaTrader 5 platform. 

One of the most important features of the indicator is its ability to integrate it with the Fibonacci indicator and other indicators on the MT4 platform. 

The full cycle consists of eight waves, starting with a five-wave advance and a three-wave retracement. 

Yes, the Elliott Wave theory is a technical analysis tool that can be used to analyze price movements in the financial market. The Elliott Wave theory can help you forecast future price movements, identify trend reversals, and find optimal entry and exit points. 

Trading involves a high level of risk 
Risk Warning: Trading complex financial instruments carries a high level of risk, and may not be suitable for all investors. Before deciding to trade complex financial instruments, you should carefully consider your investment objectives, level of experience, and risk appetite. There is a possibility that you may sustain a loss of some or all of your investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with complex financial instrument trading, and seek advice from an independent financial advisor if you have any doubts. Orbex Global does not offer its services to residents of certain jurisdictions such as the USA, Iran, North Korea, Indonesia, Mauritius and Romania.