---
title: "Construction of Waves - Elliott Tools - Analytical Objects - Price Charts, Technical and Fundamental Analysis - MetaTrader 5 Help"
description: "Two objects are available in the platform - Impulse and Corrective waves. To apply waves on a chart, five points should be... - Construction of Waves - Elliott Tools - Analytical Objects"
image: "https://www.metatrader5.com/i/logo_metatrader5.png"
url: "https://www.metatrader5.com/en/terminal/help/objects/elliott/waves_applying"
---

[MetaTrader 5 Help](https://www.metatrader5.com/en/terminal/help) → [Price Charts, Technical and Fundamental Analysis](https://www.metatrader5.com/en/terminal/help/charts_analysis) → [Analytical Objects](https://www.metatrader5.com/en/terminal/help/charts_analysis/objects) → [Elliott Tools](https://www.metatrader5.com/en/terminal/help/objects/elliott) → Construction of Waves

# Construction of Waves

Two objects are available in the platform - Impulse and Corrective waves. To apply waves on a chart, five points should be defined for an impulse wave and three - for a corrective wave. Settings are identical for both objects, but they should be specified separately:

![Impulse Wave Parameters](https://www.metatrader5.com/i/help/terminal/en/motive_wave_parameters.png)

- Anchor Point — select one of points for plotting an impulse or corrective waves;
- Date/Value — coordinates of the selected anchor point (date/value of the price scale);
- Degree — select the cycle level influencing also the displaying of point markings;
- Lines — if this field is selected, all points of an impulse or corrective wave will be sequentially joined.

Common parameters of object are described in a [separate section](https://www.metatrader5.com/en/terminal/help/charts_analysis/objects#draw_settings).

## In this section

- [Elliott Wave Theory](https://www.metatrader5.com/en/terminal/help/objects/elliott/elliott_theory)
- Construction of Waves

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