Elliott Wave – Auto Elliott Wave Study Indicator

Tutorial on the Auto Elliott Wave Study Indicator within MotiveWave’s Elliott Wave Charting and Trading Software.

The MotiveWave Auto Elliott Wave Study will create and automatically update a wave count as new historical bars are generated in real time, including forecasting future wave points.

You can set a specific number of Decompose levels or you can select the ‘Decompose All’ check box, and MotiveWave will keep decomposing levels until it can’t break the wave counts down any further.

You can set the Auto Elliott Wave Study to automatically plot Elliott Waves based on a Data Window or by using a specific Start Date and time. These two options can give you very different results. Both options are covered in this video.

The Auto Elliott Wave Study is available in our 2 Elliott Wave Editions — the Elliott Wave Lite Edition and the Ultimate Edition.