Watch how to download trading robots for free

Find us on Twitter!
Join our fan page

Interesting script?
So post a link to it -
let others appraise it

You liked the script? Try it in the MetaTrader 5 terminal

Published by:

Views:

Published:

9 November 2026, 16:38

WolfeWaves.mq5 (32.45 KB) view

NVDA.USdDaily.png (35.5 KB)

Download as ZIP How to download code from MetaEditor

Need a robot or indicator based on this code? Order it on Freelance Go to Freelance

This Wolfe Wave indicator gives us an idea of trend reversals, and we can generally apply it to 4-hour or daily time frames.

We can enable it and configure some settings

Among these parameters, we can adjust the number of candles a bar needs to be counted... The higher the setting, the larger the patterns and the fewer the signals.

Minimum ATR wave size: Ignores very small waves; a setting of 0 filters nothing, and a setting of 1 requires each wave to measure at least 1 ATR.

The ATR filter period refers to the number of candles used to measure the ATR—only if the previous setting is not 0.

“Candles from the history to analyze” refers to how far back the system reviews the historical data.

THESE ARE THE RULES FOR WOLFE WAVES, AND WE CAN CONFIGURE THEM TO SHOW ONLY BULLISH, ONLY BEARISH, OR BOTH, IF WE WISH

Clean Pattern (Bulkowski) → Excludes patterns with peaks or troughs that fall outside the pattern.

Require Time Symmetry → The waves must have similar durations.

Symmetry tolerance → How much variation in duration is allowed (1.0 = up to twice as long). This only works if the previous setting is set to true.

Maximum number of candles between point 1 and point 5 → Maximum length the pattern can have.

DRAWING SETTINGS AND COLORS

ALERTS

Previous Day and Week High Low Levels

Previous day high and low, previous week high and low and today's open as horizontal lines with small price labels, on any timeframe.

Trading Session Boxes: Tokyo, London, New York

Draws the Tokyo, London and New York sessions of the last few days as boxes from each session's high to its low, with the high and low printed on the chart. Session hours are set in server time.

Accelerator Oscillator (AC)

The Acceleration/Deceleration Indicator (AC) measures acceleration and deceleration of the current driving force.

MACD Signals

Indicator edition for new platform.

Ondas de wolfe - indicator for MetaTrader 5

Ismael Santiago Robles Serpa