AlphaWave4

AlphaWave – Non-Repainting Trend Indicator with Buy/Sell Signals and Alerts for MT5

AlphaWave is a trend indicator for MetaTrader 5 that shows you the trend direction at a glance and gives you a clear BUY or SELL signal when the trend changes. It turns price into one smooth wave: cyan when the trend is up, coral when it is down. You see immediately which side of the market you should be on, on any symbol and any timeframe.

AlphaWave is built for swing trading and trend following. Instead of reacting to every small move, it keeps you with the direction of the bigger move and tells you when that direction really changes.

Buy and sell signals that do not repaint

A signal appears only after the bar has closed. Once it is on the chart, it stays exactly where it is. It does not move, repaint or disappear later. What you see in the history of the chart is what you would have seen live, so you can judge the indicator honestly before you trade with it.

  • BUY signal when the trend turns up, SELL signal when the trend turns down
  • Signals on closed bars only, no repainting
  • Built-in noise filter, so a single small candle does not flip the trend
  • Optional early warning on the forming bar, if you want to be prepared before the bar closes

More confirmation before you enter

A good trend trade needs more than one line on the chart. The AlphaWave panel gives you the most important information in one place:

  • Current trend direction and how many bars the trend has been running
  • Trend strength, so you see whether the move is strong or losing power
  • Trend of the next three higher timeframes, so you know whether the bigger picture agrees
  • Last signal and how far price has moved since then, measured in ATR
  • Number of signals in the last 500 bars and the share of fast reversals, so you can see how well AlphaWave fits the current symbol and timeframe

Alerts on every new signal

You do not need to watch the chart all day. AlphaWave informs you as soon as a new signal is confirmed:

  • Popup alert with symbol, timeframe and direction
  • Sound alert with separate sounds for buy and sell
  • Push notification to your phone and e-mail, optional, using the notification settings of MT5
  • Alerts can be switched on and off directly in the panel

Easy to use

  • Attach it to the chart and start, the Standard preset is ready to use
  • Presets Fast, Standard and Smooth, or your own smoothing length
  • 10 smoothing modes to match your trading style
  • Buttons in the panel to show or hide the wave, the signals and the alerts
  • Panel can be folded to keep the chart free
  • Five color themes: DRX, Light, Graphite, Midnight and Auto
  • Smooth drawing when scrolling and zooming

For all markets and timeframes

AlphaWave works on Forex pairs, gold (XAUUSD), indices, crypto, commodities and stocks. It can be used on every timeframe from M1 to MN1. For swing trading, H1, H4 and D1 give the clearest picture.

Made for trending markets

AlphaWave is a trend indicator, and it shows its strength when the market is trending. In sideways phases every trend indicator shows more changes of direction, and so does AlphaWave. That is why it fits traders who hold trades for a medium-term period and want to follow the bigger move instead of every small swing.

Who AlphaWave is for

  • Swing traders who want a clear trend direction
  • Trend followers who want confirmed entry signals
  • Traders who want a clean chart instead of many indicators at once
  • Beginners who want an easy start, and experienced traders who want a clear trend filter

Try it first

Download the free demo and test AlphaWave in the Strategy Tester on your own symbols and timeframes. If you have questions or ideas, write to me directly. If AlphaWave helps you, an honest review is appreciated.

AlphaWave is a tool for chart analysis. It is not financial advice and does not guarantee profits. Trading involves risk.

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