Snorm eWAVES - indicator for wave makers

For traders who use Elliott waves in technical analysis of the market, ForTrader.org magazine offers to consider  Snorm eWAVES indicator, which allows you to automate manual calculations a bit.

Snorm eWAVES - indicator for wave makers
Snorm eWAVES - indicator for wave makers

The Snorm eWAVES indicator is designed for effective work of traders on the 5th wave, i.e. the traditional moment of earnings of wave traders. It automatically finds the first four waves, forming important support and resistance levels for the fifth wave based on the Fibonacci levels.

Finding several waves nested in each other at the same time, Snorm eWAVES indicator builds strong levels. It can also be used to find divergences.

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