RealWaves

2

The indicator shows the real waves, based on alternating upper and lower extremums of the price chart, thus displaying the wave structure of the market. When using this indicator, there is no need to manually apply the wave markup for the current timeframe.

Relevance of the extremums is determined in the process of their calculation, invalid extremums are not taken into account. Upper extremums are calculated by the bars highs, while lower ones are calculated by the bars lows. Only one bar is considered on each side of the bar, on which the extremum is calculated. The algorithm for determining the waves has nothing to do with ZigZag. The indicator will be very useful to traders who apply wave analysis based on the Elliott wave theory.


Parameters

  • QuantityOfBars - history depth in bars. If a large amount of history is available in the terminal, it is necessary to limit the depth of history to be analyzed by the indicator.
  • Working bar: from 0 to 2 - change the bar, at the end of which the indicator determines the relevance of the last extremum.


Examples

Screenshots 1-3 show the examples of automatic wave layout on the timeframes Н4, Н1 and М15. They also show the waves of the H4 timeframes decomposed into wave components at the smaller timeframes - H1 and M15.

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KURAMA GOLD SIGNAL PRO (MT4) — 7-Layer Filter, Auto TP/SL, Quality Score & Signal History Save | Complete XAUUSD Trading System No repaint in real time. The moment a signal appears, the arrow, entry, TP and SL are locked on the spot and never move afterward. What you trade is this real-time signal. And in v7.20, every signal that is actually sent is auto-saved and restored exactly after restart. BUYER BONUS Buy the lifetime license and receive AI Zone Radar (
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Real Waves MTF
Mikhail Reva
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Indicators
The indicator shows the real waves of four (selectable) timeframes on the current chart, displaying the wave structure of the market. The indicator is able to monitor the formation of waves in real time. It informs the trader when the wave of the current or higher timeframe is completely formed. It visualizes waves starting from the current timeframe and higher. Convenient and customizable visualization of the wave structure of the market. When using this indicator, there is no need to manually
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Fxpro Trader Technical
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Fxpro Trader Technical 2021.05.14 05:38 
 

Very Ordinary and average indicator, my mt4 freezes a few times, I need to shut the terminal and removed the chart and the indicator, coding must improve to make indicator run smoothly, hope to see some future update.

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