VibeFox Wolfe Waves
- Indicators
- Version: 1.0
- Activations: 5
VibeFox Wolfe Waves — the 5-point reversal pattern with target line and entry points
VibeFox Wolfe Waves is a real-time pattern indicator for MetaTrader 5. It scans the price structure for the classic Wolfe Waves formation — five alternating swing points that build a converging wedge — draws the pattern lines and the EPA target line right on the price chart, marks the entry point at point 5, and gathers every control into one modern interactive panel. Instead of hunting for the shape by hand, you see each completed Wolfe pattern and its entry the moment it forms.
How the indicator works
The indicator works in two stages. First it builds the swing structure with a ZigZag engine that keeps only the meaningful turning points — the swing highs (peaks) and swing lows (troughs) — and filters out minor price noise. Then it scans the resulting chain of pivots for sequences of five points that satisfy the Wolfe Waves geometry, and draws each valid pattern.
The swing detection is controlled by three classic parameters. Depth sets the minimum number of bars between two pivots, so small wiggles are ignored. Deviation is the minimum size of a reversal required to register a new pivot, filtering out shallow pullbacks. Backstep is the minimum number of bars between two extrema, preventing pivots from sitting too close together. Together they tune the structure from a fast, detailed one to a slow one that shows only major swings. The Bars setting limits how much history is processed — set it to 0 to scan all available bars, or use a smaller value for faster redraws on heavy charts.
The Wolfe shapes are drawn directly on the price chart as line objects, while the indicator itself lives in its own subwindow, where the control panel sits.
The Wolfe Waves pattern
A Wolfe Wave is made of five swing points, numbered 1 to 2 to 3 to 4 to 5. The line through points 1, 3 and 5 and the line through points 2 and 4 form a converging wedge. Point 5 overshoots the 1-3 trendline, and that overshoot is the trigger: it is the exhaustion of the move and the spot where price is expected to reverse.
A bullish Wolfe forms at a low: point 1 is a high, 2 a low, 3 a high, 4 a low, and 5 a lower low that breaks below the 1-3 line. The expected move is up, so the entry at point 5 is a BUY. A bearish Wolfe is the mirror image at a high: 1 low, 2 high, 3 low, 4 high, and 5 a higher high that breaks above the 1-3 line. The expected move is down, so the entry at point 5 is a SELL.
Every pattern also carries an EPA target line (drawn dashed). It is projected from point 1 through point 4 and extended to the right — the estimated price arrival, i.e. the take-profit target the pattern is aiming for.
Entry points
The main value of VibeFox Wolfe Waves is its automatic entries. When a valid pattern completes at point 5, the indicator places a clear marker right on the price chart. The two pattern directions have independent toggles: Bull enables bullish Wolfe patterns (a BUY marker at point 5), and Bear enables bearish ones (a SELL marker at point 5). Turn either off to focus on one side of the market only.
Buy and sell markers are colored separately with the Buy and Sell color settings — the same colors are used for each pattern's EPA target line, so direction is read instantly. The Marker selector switches the glyph between a plain cross (+), filled triangles, or arrows with a tail, while the Size control scales the marker in pixels (6 to 40) to fit any chart density.
Full visual control
The pattern line color is set with Line and the thickness with Width from 1 to 5 pixels. The pattern lines and both entry markers each support a transparency setting (0-100%) in the color picker popup, so you can blend them softly into the chart background. Markers and the EPA lines on the price chart are sized and colored independently, so completed patterns stand out clearly against any background.
Interactive on-chart panel
The whole interface is a smooth canvas-based panel built for fast mouse control. The swing parameters are gathered into tidy rows, and the entry block is set apart with its own gold ENTRY heading, so signal settings do not get mixed up with line settings. The panel header holds the control icons.
Power — turns the drawing of entry markers on and off without removing the indicator from the chart.
Settings (gear) — opens and closes the settings section.
Updown (arrows) — moves the panel between its subwindow and the main chart.
Close (cross) — closes the indicator.
Resizable — drag the bottom-right corner to scale the panel.
Collapsible — a double click on the header collapses the panel into a compact strip.
Mouse wheel — hover over any numeric field and scroll the wheel to change the value without opening the keyboard.
Settings and personalization
The Settings button opens a section where the panel is fitted to your workspace: a light, dark or automatic Theme, an adjustable panel width, header size, row height and font size. Extra touches let you hide the bottom bar via Hide Footer, shrink the header when collapsed with Mini Header, and automatically collapse the panel on a click outside it. Almost every parameter changes live right on the panel — the input fields on the Inputs tab only set the starting values. You can also run several independent copies on one chart by giving each a unique Instance, to compare different settings side by side.
Entry notifications
You do not need to sit and guard the chart waiting for a pattern. Each entry can be sent through several notification channels that are enabled independently right on the panel.
Alert — a pop-up message inside the terminal.
Push — a mobile notification to the MetaTrader app on your phone.
Email — a letter sent through the terminal's mail settings.
Telegram — the alert text together with a chart screenshot, sent straight to your Telegram chat.
Enable only the channels you need, and you will be notified the moment a new Wolfe entry appears on the symbol and timeframe you are working with.
Visual history (HTML report)
Enable the Html channel, and every entry signal is saved to an HTML report together with a screenshot of the chart at the moment it fired. The report is stored in the terminal's Files folder, in the VibeFox_Wolfe_Waves directory (MQL5/Files/VibeFox_Wolfe_Waves/result.html), and opens in any browser — you get a visual log of all the patterns the indicator found. A one-click trash button clears the report and its screenshots whenever you want to start over.
Telegram Alerts
Signals can also be delivered straight to your Telegram chat — the alert text together with a screenshot of the chart at the moment of detection. Turn on the Telegram channel and enter your bot token and chat id in the inputs.
Delivery rides on the HTML report: each new signal is written into the report, and the report — opened in a browser — forwards it to your Telegram chat on its own. For this reason, enabling Telegram automatically keeps the Html report on, and the two channels work together.
Built-in multilingual help
A full help page is built into the panel, available in multiple languages, so every control is explained right where you use it.
Parameters (Inputs tab)
Most settings can also be changed live right on the panel (the Settings button) — the input parameters only set the initial values at startup.
Wolfe Waves (swings)
Swing Depth — the minimum number of bars between two swing pivots (2..100). Default: 12.
Swing Deviation — the minimum reversal size required to register a new pivot. Default: 5.
Swing Backstep — the minimum number of bars between two extrema. Default: 3.
Bars of history to process — how many bars back the patterns are scanned, 0 = all available. Default: 500.
Pattern Line Color — the color of the Wolfe pattern lines on the price chart. Default: DodgerBlue.
Line Transparency — pattern line transparency in percent, 0-100. Default: 0.
Pattern Line Width — the thickness of the lines in pixels, 1..5. Default: 1.
Entry Points
Bullish Wolfe (BUY at 5) — enables bullish patterns with a BUY marker at point 5. Default: on.
Bearish Wolfe (SELL at 5) — enables bearish patterns with a SELL marker at point 5. Default: on.
Marker Font Size — the size of the entry markers in pixels, 6..40. Default: 12.
Entry Marker — the marker glyph: Cross (+), Triangle, or Arrow. Default: Arrow.
Buy Color — the color of the BUY marker and its EPA target line. Default: LimeGreen.
Buy Transparency — buy marker transparency in percent, 0-100. Default: 0.
Sell Color — the color of the SELL marker and its EPA target line. Default: Red.
Sell Transparency — sell marker transparency in percent, 0-100. Default: 0.
Notifications
Push Notification — enables push alerts to the MetaTrader mobile app. Default: off.
Alert Popup — enables pop-up alerts inside the terminal. Default: off.
Email — enables email alerts through the terminal's mail settings. Default: off.
Html Report — saves each signal with a chart screenshot to Files/VibeFox_Wolfe_Waves/result.html. Default: off.
Telegram — forwards signals with chart screenshots to a Telegram chat via the HTML report. Default: off.
Telegram - bot token — the token of the Telegram bot used for delivery. Default: empty.
Telegram - chat id — the target Telegram chat identifier. Default: empty.
Panel / Settings
Panel width, px — the width of the on-chart panel in pixels, 300..800. Default: 800.
Header size — the height of the panel header, 1..6. Default: 1.
Theme — the color theme of the panel: Light, Dark, or Auto. Default: Auto.
Row height (px) — the height of each parameter row in pixels. Default: 34.
Font size — the font size used inside the panel. Default: 8.
Hide Footer — hides the bottom bar of the panel. Default: off.
Mini Header on collapse — shows a compact header strip when the panel is collapsed. Default: off.
Close on click outside — automatically collapses the panel when clicking outside it. Default: off.
Instance — a unique number for each copy of the indicator on the same chart, allows running multiple instances side by side. Default: 1.
Panel Start Window — sets the initial position of the panel: main chart or subwindow. Default: Subwindow.
