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Elliott Wave Tool

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To identify an Elliott Wave on a chart, select the Elliott Wave tool from your Advanced Charting toolbar. Click on the first point to place. Continue throughout the wave by clicking on each point 1-5 and ABC to place. When you get to the last point, C, the drawing is complete.

Resizing the Elliott Wave

Select the drawing by clicking on it. You will know the drawing is selected when boxes appear at the corners. Click on a box and drag it to your desired location. Release the mouse button to place.

Moving the Elliott Wave

Select the drawing by clicking on it. Drag to the new location and release the mouse button to place.

Deleting the Elliott Wave

Select the drawing by clicking on it. Press the Del (Delete) key on your keyboard. You can also right-click the drawing and select "Delete" from the dropdown menu.


Select the drawing by clicking on it. The properties will appear in the preferences section of your control panel. Or, right-click on the drawing and select properties from the dropdown menu.

Restore Settings: TNT Default will change your settings back to the original software settings. My Default will change current settings to your personalized default settings. Apply To All Charts will apply your selected settings on all open charts. Save As My Default will save your current personal settings.

Elliott Wave Tool: You can choose the color, line style, and line thickness of your lines.

Font: Select the font, size, and color of the text. Select Show Text to hide or show your text on the chart.

Select Snap to have your lines snap to price bars when moved. Select if you would like to Show Arcs or Always Show Lines on your drawing.

Example of an Elliott Wave