Open indicator port · checked 29 September 2026

Elliot Wave Impulse for MT5

An open MT5 indicator port of the published Elliot Wave - Impulse script. It marks possible impulse structures and levels from confirmed zigzag pivots. It does not place an order.

Source, licence and credit

Original script by HeWhoMustNotBeNamed (Trendoscope). The MT5 indicator source is available under MPL-2.0, with the original author named and the licence included. The port is free to inspect and use under its licence.

Original TradingView script ↗MT5 source and licence ↗Port limits and comparison notes ↗

Real chart captures · EURUSD M15

The OANDA TradingView and HolaPrime MT5 EURUSD M15 captures show wave legs and levels. Loaded histories differ. Their headline counts cannot be compared as a parity result.

Elliot Wave Impulse for MT5: TradingView · OANDA · EURUSD M15 · 29 Sep 2026 — TradingView · OANDA · EURUSD M15 · 29 Sep 2026

Elliot Wave Impulse for MT5: MetaTrader 5 · HolaPrime · EURUSD M15 · 29 Sep 2026 — MetaTrader 5 · HolaPrime · EURUSD M15 · 29 Sep 2026

The newest zigzag pivot can move when price makes a new extreme. MT5 uses full-width lines for the latest levels and closed-bar markers, while Pine renders finite labeled segments and can show forming-bar signals. There is no return, win-rate or full parity claim in these captures.

Have your own written rules?

For a defined behavior that must move between Pine and MT5, M179 freezes the rule and checks three observable cases. Your source must be editable and authorized. A different broker feed or protected script needs a separate feasibility check.

See the M179 scope →Check your rule first →

Trading risk disclosure

Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing one's financial security or lifestyle. Only risk capital should be used for trading, and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

Hypothetical performance disclosure

Hypothetical performance results have many inherent limitations. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. There are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. Hypothetical results are generally prepared with the benefit of hindsight, do not involve financial risk, and cannot completely account for the impact of financial risk in actual trading. Market conditions, the ability to withstand losses, and adherence to a trading program can all materially affect actual results.

NinjaTrader trademark disclosure

NinjaTrader® is a registered trademark of NinjaTrader Group, LLC. No NinjaTrader company has any affiliation with the owner, developer, or provider of the products or services described herein, or any interest, ownership or otherwise, in any such product or service, or endorses, recommends or approves any such product or service.