The indicator examines the last two waves, and on this basis to determine the target price should come.
It’s certainly not the grail, should not deceive ourselves, but if you pinpoint the wave, then in most cases, the price comes into the goal.
At this point the waves are determined by the fractals, which in turn is determined by the position of candles before and after the fractal.
In the settings you can specify the ratio of candles:
extern int before = 7 , / / how many candles to the fractal
extern int = After 2 , / / number of bars after the fractal
Binary Options Indicators – Download Instructions
Elliots Target is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data.
Elliots Target provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust their strategy accordingly.
How to install Elliots Target.mq4?
- Download Elliots Target.mq4
- Copy Elliots Target.mq4 to your Metatrader Directory / experts / indicators /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your indicator
- Search “Custom Indicators” in your Navigator mostly left in your Metatrader Client
- Right click on Elliots Target.mq4
- Attach to a chart
- Modify settings or press ok
- Indicator Elliots Target.mq4 is available on your Chart
How to remove Elliots Target.mq4 from your Metatrader Chart?
- Select the Chart where is the Indicator running in your Metatrader Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete
Click here below to download the Binary Options Indicators:
