Elliott Impulse (12345)
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    Elliott Impulse (12345)

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    Article summary

    DXcharts powers DXtrade, DXfina, and FinCharts.
    Check our website to find more information about DXcharts library.

    Elliott Impulse (12345) is a tool based on Elliott Wave theory that helps identify long-term price patterns related to persistent changes. It consists of five sub-waves (degrees) that make net movement in the same direction as the trend. This pattern is the most common motive wave and the easiest to spot in a market. 

    To add Elliott Impulse to the chart, click its name or the iconelliott_impulse(12345)on the Drawings Panel. Successively, specify points on the chart to draw a wave.

    Note: To cancel drawing, press ESC

    elliott_impulseElliott Impulse

    Actions with the Elliott Impulse

    • To edit the Elliott Impulse, drag it by one of the points.
    • To move the Elliott Impulse, drag it by its line to where you want it on the chart.
    Note: To open the settings window, double-click a line on the chart

    Elliott Impulse Toolbar


    Color. In the Color section, you can change the color of the Elliott Impulse entirely. The slider at the bottom is intended to set transparency of the color.
    To create a custom color:
    • clickto open the color picker
    • by using the slider at the bottom, adjust the main color
    • on the color picker, set a shade for the main color

    The custom-created colors are added to your palette. To remove a custom color, drag it out of the palette.

    Weight. In the Weight section, you can set the thickness and style of the Elliott Impulse entirely (currently, only dashed style is available).
    Settings. A set of parameters that are described in Elliott Impulse Settings.
    Lock. Locks the drawing position. The figure cannot be moved or edited on the chart.
    Delete. Removes the Elliott Impulse from the chart.
    Note: To delete an Elliott Impulse, you can also press the Delete or Backspace button on your keyboard

    Elliott Impulse Settings

    • Coordinates. The coordinates of every point of the Elliott Impulse that you can specify manually by filling out the values for the prices, dates and time.
    • Style. In this section, you can set a color and style for the Elliott Impulse or turn on/off displaying of its wave.
    • Degree. Time span of every degree:
      • Subminutte - minutes
      • Minuette - hours
      • Minute - days
      • Minor - weeks
      • Intermediate - weeks to month
      • Primary - from a few month to two years
      • Cycle - one year to several years
      • Super Cycle - multi-decade (about 40-70 years)
      • Grand Super Cycle - multi-century

    Click Close to apply the settings.

    Note: At the bottom-left corner of the window, click Restore Defaults to reset the settings