Draw Elliott corrective wave | FXON™

Draw Elliott corrective wave

EA, indicators & objects (Mobile & tablet)

EA, indicators & objects (Mobile & tablet)

Draw Elliott corrective wave

This article was :

published

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Here we'll look over the steps on how to display the Elliott corrective wave on the chart in MetaTrader4 (MT4) / MetaTrader5 (MT5) app for Android and iOS mobile devices. The Elliott Wave, an analysis method developed by Ralph Nelson Elliott (USA), states that markets have a cycle. The Elliott corrective wave moves in the opposite direction as the one larger trend and forms a dip/rally. Use it to determine if the movement signals a trend reversal or a temporary correction.

Related article: Draw Elliott motive wave

mt4

mt5

iPhone
Scroll horizontally to see moreSwipe horizontally to see more

Step 1

Tap "Chart" on the bottom navigation bar.

Step 1

Step 2

Tap the "Objects" icon at the top.

Step 2

Step 3

Tap "Add Object".

Step 3

Step 4

Tap "Elliott Corrective Wave".

Step 4

Step 5

Tap waves A, B, and C in that order.

Step 5

Step 6

To fix the Elliott corrective wave, tap any of the dots to hide them.

Step 6

Android
Scroll horizontally to see moreSwipe horizontally to see more

Step 1

Tap "Chart" on the bottom navigation bar.

Step 1

Step 2

Tap on the chart.

Step 2

Step 3

Tap the "Objects" icon.

Step 3

Step 4

Tap the "+" button in the top right corner.

Step 4

Step 5

Tap waves A, B, and C in that order.

Step 5

Step 6

Tap waves A, B, and C in this order.

Step 6

Step 7

To fix the Elliott corrective wave, tap wave A, B, or C to hide the black dots.

Step 7

iPad
Scroll horizontally to see moreSwipe horizontally to see more

Step 1

Tap the "Objects" icon on the left.

Step 1

Step 2

Tap "Add Object".

Step 2

Step 3

Tap "Elliott Corrective Wave".

Step 3

Step 4

Tap waves A, B, and C in that order.

Step 4

Step 5

To fix the Elliott corrective wave, tap wave A, B, or C to hide the red dots.

Step 5

Android tablet
Scroll horizontally to see moreSwipe horizontally to see more

Step 1

Tap on the chart.

Step 1

Step 2

Tap the "Objects" icon.

Step 2

Step 3

The list of objects on the chart will appear. Tap the "+" button in the top right corner.

Step 3

Step 4

Tap waves A, B, and C in that order.

Step 4

Step 5

To fix the Elliott corrective wave, tap any of the dots to hide them.

Step 5

Step 6

To fix the Elliott corrective wave, tap wave A, B, or C to hide the black dots.

Step 6

iPhone
Scroll horizontally to see moreSwipe horizontally to see more

Step 1

Tap "Chart" on the bottom navigation bar.

Step 1

Step 2

Tap the "Objects" icon at the top.

Step 2

Step 3

Tap "Add Object".

Step 3

Step 4

Tap "Elliott Corrective Wave".

Step 4

Step 5

Tap waves A, B, and C in that order.

Step 5

Step 6

In the menu that appears after tapping wave C, you can change the color and thickness of each dot.

Step 6

Step 7

To fix the Elliott corrective wave, tap any of the dots to hide them.

Step 7

Android
Scroll horizontally to see moreSwipe horizontally to see more

Step 1

Tap "Charts" on the bottom navigation bar.

Step 1

Step 2

Tap on the chart.

Step 2

Step 3

Tap the "Objects" icon.

Step 3

Step 4

Tap the "+" icon at the top.

Step 4

Step 5

Tap "Elliott Corrective Wave".

Step 5

Step 6

Tap waves A, B, and C in that order.

Step 6

Step 7

To fix the Elliott corrective wave, double-tap wave A, B, or C to hide the black dots.

Step 7

iPad
Scroll horizontally to see moreSwipe horizontally to see more

Step 1

Tap the "Objects" icon on the left.

Step 1

Step 2

Tap "Add Object".

Step 2

Step 3

Tap "Elliott Corrective Wave".

Step 3

Step 4

Tap waves A, B, and C in that order.

Step 4

Step 5

In the menu that appears after tapping wave C, you can change the color and thickness of each dot.

Step 5

Step 6

To fix the Elliott corrective wave, tap wave A, B, or C to hide the red dots.

Step 6

Android tablet
Scroll horizontally to see moreSwipe horizontally to see more

Step 1

Tap on the chart.

Step 1

Step 2

Tap the "Objects" icon.

Step 2

Step 3

Tap the "+" icon at the top.

Step 3

Step 4

Tap "Elliott Corrective Wave".

Step 4

Step 5

Tap waves A, B, and C in that order.

Step 5

Step 6

To fix the Elliott corrective wave, double-tap wave A, B, or C to hide the black dots.

Step 6

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