This indicator for ProRealTime, identifies Wolfe Waves Pattern. It works in all markets and for any timeframe! See below examples:
Wolf Waves Pattern ProRealTime
Wolf Waves Pattern ProRealTime
HOW DOES THE INDICATOR WORKS:
The “Wolfe wave pattern” is formed by 4 consecutive waves bounded in a triangular figure.
The Ordered in points n.1, n.2, n.3, n.4 and n.5, forming two triangular figures with a vertex in common, the point n.5 corresponds to the vertex of the second triangle. Point 5 confirms the figure when it is above an imaginary line (a), passing through point n.1 and point n.3.
The Wolfe wave theory predicts that, if the price crosses in direction contrary to the imaginary line (a), passing through point n.1 and point n.3, the market trend will reverse the previous direction, until reaching a second imaginary line (b) passing through point n.1 and the point n.4.
So the pattern gives you clear signals of market reversion with an entry point and a target point. A complete strategy in one pattern!
Ths indicator give you signal of breakOut .
This indicator, when it detects a Wolfe Wave Pattern, will plot it on the price chart with the following information:
Numbering of waves from 1 to 5
Straight line passing through point n.1 and n.3
Arrow indicating market forecast according to the theory.
Interface of the indicator:
ZigZagPerc : Enable or disable the PricePercentvariable.
PricePercent: Value of the percentage difference between a new high and a new low. This variable affects the size of the Pattern.
Dynamic: Enable or disable the dynamicvariable.
Factor: Variable of the “Dynamic” function, this function allows automatic detection of patterns based on market volatility.
ZigZagVal: Enabled or disabled the PointsValuevariable.
PointsValue: Value of the difference expressed in points, between a new maximum and a new minimum. This variable affects the size of the Pattern.
FractalPoint: Enable or disable the Periodvariable.
Period: Value of the time difference, between a new maximum and a new minimum. This variable affects the size of the Pattern.
ZigLine: Show Zig Zag line to set the parameters quickly
The indicator is completed by the ProScreener function of the ProRealtime platform. This powerful tool will allow you to find the figure just formed, on the selected markets and for the selected timeframe.
You can activate the alarms on the market of your choice, for the time frame you prefer, and a notification will appear on the screen when the signal is triggered.
Advantages of using the “Wolf Waves Pattern” indicator:
Automatically identifies the Wolf Waves pattern
Compatible with all instruments
Compatible with all ordinary timeframes and even on tick-charts!
Compatible with Heikin ashi, Renko, Ticks, Kagi, Three Line Break, and more
Patterns are completely customizable to suit your own trading style
The indicator does not repaint! The signal is given in real-time and allows you to operate without any delay
You can implement an alarm and be notified when a signal is triggered on the preferred market and for the preferred timeframe
The indicator can be integrated into any indicator, using ProRealTime’s ProBuilder function
The indicator can be integrated into any automated trading strategy, using ProRealTime’sProBackTest and ProOrder function
The indicator is sold with a ProScreener program (included for the same price), that scan the patterns in realtime, on any market and for any compatible timeframe
You will receive this indicator in the next 1 hours
This product works in any Futures, Forex or Stock/ETF Markets
Only logged in customers who have purchased this product may leave a review.
FREE! Get a free screener when your purchase this indicator! Scan instantly hundreds of instruments to find the newly detected patterns, on any markets and timeframes available. More info on this page.