Wolfe Wave Indicator - page 5
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40_wolfwave_nen-2.mq4
Nice. thanks
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Where Do I start from?
Sergey Golubev, 2025.07.25 06:12
Introduction to MQL5 (Part 19): Automating Wolfe Wave Detection
Welcome back to Part 19 of the Introduction to MQL5 series! In Part 18, I introduced you to the Wolfe Wave pattern, a unique five-wave structure used to anticipate price reversals with precision. We discussed the two main types of Wolfe Waves: the bearish setup that signals a potential price drop and the bullish setup that hints at an upcoming rally. You also learned how to retrieve candlestick data, which is essential for price action analysis, and we outlined the logic for spotting valid trade opportunities based on this pattern.
In this part, we’re moving from theory to implementation. We’ll explore how to identify Wolfe Wave structures programmatically and execute trades based on them using MQL5. This includes detecting key swing points, validating pattern rules, and preparing the EA to act on the signals it finds.