Fortunately, they have several indicators and platforms at their disposal. And one of the most effective indicators is the Elliott wave indicator. The Elliott wave indicator can help you forecast market trends.
What is Elliott Wave Trader?
An Elliott Wave Trader is a unique indicator designed around a swing trading strategy. The Elliott wave strategy is a unique technical system that Elliott Ralph accidentally designed. Elliott published it in 1938 in his book “The Wave Principle.”
Currently, Elliott Trading is one of the most popular theorems that traders and coders have combined with several other strategies, including the swing trading strategy. The Elliott Wave helps traders understand the securities market’s psychology.
It can show you how the market is swinging between pessimistic and optimistic traders. And when coupled with the swing trading strategy, you can easily capture the market’s short-to-medium-term profits over a certain period.
How Much is Elliott Wave Trader?
Generally, Elliott Wave Trader is open to a wide range of traders worldwide. These traders can subscribe to our lifetime subscription at only $999. Remember, we have Elliott wave trading for different platforms, including MT4, TradingView, ThinkorSwim, and Ninjatrader.
Therefore, you can use our Elliot wave indicator with any platform. But if purchasing a lifetime package is not an option, you can lease it monthly at a fee of about $55. With this package, you’ll get access to the following:
- High-probability security bull-back zone
- Elliott wave indicator
- Automated target zone
- Elliott wave count
- Monthly webinar support
Can ElliottWave be Used in Forex?
Yes, the Elliot wave can work perfectly with the currency market. After all, its main goal is forecasting the market’s trend for a few days or weeks. And when paired with swing trading, it can guarantee some unique short-term swing trades.
Therefore, as a trader, your work is spotting the wave counts on your chart. Basically, you’ll be labeling a wave and finding out how it conforms to the Elliott Wave Forex system while trying to forecast the price movement. It can help you determine exit, stop loss, and entry points.